THE HAVEN 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

1983

Legal Domicile

Principal Officer

MOLLY RANKIN

Phone

8645826737

Tax Period

2023-07-01 to 2024-02-29

THE HAVEN INC, founded in 1983, is a small nonprofit that reported $146K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $176K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE SHELTER AND SUPPORTIVE SERVICES TO HOMELESS INDIVIDUALS AND FAMILIES THROUGH PROGRAMS THAT PROMOTE SUSTAINABLE LIVING. THE HAVEN ADVOCATES, CREATES OPPORTUNITIES, ENGAGE IN COLLABORATIVE LOCALLY DRIVEN SOLUTIONS TO END HOMELESSNESS FOR FAMILIES AND INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $156,453

THROUGH THE HAVEN'S EMERGENCY SHELTER PROGRAM, 68 HOMELESS INDIVIDUALS INCLUDING 34 FAMILIES WERE ASSISTED WITH EMERGENCY SHELTER, INTENSIVE CASE MANAGEMENT, AND SUPPORT TO TRANSITION INTO A...

THROUGH THE HAVEN'S EMERGENCY SHELTER PROGRAM, 68 HOMELESS INDIVIDUALS INCLUDING 34 FAMILIES WERE ASSISTED WITH EMERGENCY SHELTER, INTENSIVE CASE MANAGEMENT, AND SUPPORT TO TRANSITION INTO A PERMANENT, STABLE LIVING ENVIRONMENT. THE HAVEN'S HOMELESSNESS PREVENTION PROGRAM ASSISTED 322 AT RISK INDIVIDUALS INCLUDING 125 FAMILIES WITH FINANCIAL ASSISTANCE, INTENSIVE CASE MANAGEMENT, AND STABILIZATION SERVICES TO KEEP THEM IN THEIR HOME TO PREVENT AN OCCURENCE OF HOMELESSNESS. LASTLY, THE HAVEN'S STREET OUTREACH PROGRAM ASSISTED 60 HOMELESS INDIVIDUALS WITH INTENSIVE CASE MANAGEMENT, SUPPLIES, FOOD, RESOURCES, AND ENCOURAGEMENT TO TRANSITION THEM FROM THE STREETS OF THE COMMUNITY TO A SAFE, STABLE LIVING ENVIRONMENT. THE OUTREACH PROGRAM ALSO PROVIDED OVER 1000 MEALS & PPE SUPPLIES TO THE HOMELESS ON THE STREETS DURING COVID.

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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 (2023)

Revenue Breakdown

Contributions & Grants $129,957

Program Service Revenue $0

Investment Income $4,454

Other Revenue $11,183

TOTAL REVENUE $145,594

Expense Breakdown

Grants Paid $43,648

Salaries & Benefits $92,777

Fundraising Expenses $2,654

Program Expenses $156,453

Other Expenses $39,941

TOTAL EXPENSES $176,366

Year-over-Year Comparison

	2023	2022	Change
Revenue	$145,594	$436,136	-0.7%
Expenses	$176,366	$486,215	-0.6%
Net Income	$-30,772	$-50,079	-0.4%

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

$42,161

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD STEPHENSON	BOARD CHAIR	8.00	Officer Director	$0	$0	$0
DAVID SEREQUE	BOARD SECRETARY	4.00	Officer Director	$0	$0	$0
MARK BOUND	BOARD TREASURER	4.00	Officer Director	$0	$0	$0
SHERRY MCGARRITY	BOARD MEMBER	2.00	Director	$0	$0	$0
NOSHA PITTMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLY SCHLOSSIN	EXECUTIVE DIRECTOR	40.00	Officer	$24,911	$0	$24,911
MOLLY RANKIN	FINANCE DIRECTOR	30.00	Officer	$17,250	$0	$17,250

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	$145,594	$176,366	No data	$-30,772
2023	$436,136	$486,215	$179,450	$-50,079
2022	$725,849	$667,850	$232,254	$57,999
2021	$312,981	$254,563	$144,256	$58,418
2018	$279,483	$351,289	$165,604	$-71,806