MAKEHAVEN INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

JOHN R LOGAN

Phone

2039369830

Tax Period

2024-01-01 to 2024-12-31

MAKEHAVEN INC, founded in 2012, is a small nonprofit in the Education sector that reported $583K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $646K exceeded revenue, resulting in a 11% operating deficit.

Mission

MISSION: EQUIP PEOPLE WITH TOOLS TO DESIGN, INVENT AND CREATE. VISION: THE NEW HAVEN AREA IS ENRICHED BY CREATIVITY AND ENTREPRENEURSHIP

Program Service Accomplishments

Program 1

Expenses: $394,720 Revenue: $125,054

MAINTAINED LAB FOR LEARNING AND EXPORATION OF PARTICIPANTS. EQUIPMENT USE AND LEARNING FACILITATED BY VOLUNTEERS 4-5 DAYS A WEEK WITH FOCUS ARE OF WOODWORKING, SEWING, FABRICATION, ELECTRONICS AND...

MAINTAINED LAB FOR LEARNING AND EXPORATION OF PARTICIPANTS. EQUIPMENT USE AND LEARNING FACILITATED BY VOLUNTEERS 4-5 DAYS A WEEK WITH FOCUS ARE OF WOODWORKING, SEWING, FABRICATION, ELECTRONICS AND BIKE REPAIR.

Program 2

Expenses: $69,657 Revenue: $22,068

CONDUCTED WORKSHOPS AND EVENTS OPEN TO THE PUBLIC WHICH ADVANCE SKILLS OR UNDERSTANDING OF TECHNOLOGY AND ENTREPRENEURSHIP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $435,885

Program Service Revenue $139,171

Investment Income $0

Other Revenue $7,951

TOTAL REVENUE $583,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $286,607

Fundraising Expenses $25,039

Program Expenses $464,377

Other Expenses $359,489

TOTAL EXPENSES $646,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$583,007	$536,930	+0.1%
Expenses	$646,096	$569,355	+0.1%
Net Income	$-63,089	$-32,425	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$78,708

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
RUBY GONZALEZ HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
TIM COWAN	DIRECTOR	1.00	Director	$0	$0	$0
SHAUNDA HOLLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
TERENCE DEW	DIRECTOR	1.00	Director	$0	$0	$0
JOHN R LOGAN	EXECUTIVE DIRECTOR	40.00	Officer	$78,708	$0	$78,708
JOEL GREENWOOD	PRESIDENT	2.00	Officer	$0	$0	$0
JAMIE LYNN SLENKER	SECRETARY	2.00	Officer	$0	$0	$0
MALIK LEWIS	TREASURER	2.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$583,007	$646,096	$411,129	$-63,089
2023	$536,930	$569,355	$302,524	$-32,425
2022	$498,281	$539,316	$234,027	$-41,035
2021	$497,745	$457,146	$261,303	$40,599
2020	$337,178	$389,825	$228,803	$-52,647
2019	$407,857	$299,532	$197,331	$108,325
2018	$307,866	$300,883	$98,208	$6,983