Fairhaven Ministries Inc (EIN 621074266) - Form 990 Financial Analysis & Trantor Score

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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

1979

Legal Domicile

Principal Officer

TIMOTHY REES

Phone

4237724269

Tax Period

2023-10-01 to 2024-09-30

Fairhaven Ministries Inc, founded in 1979, is a small nonprofit in the Religion sector that reported $357K in total revenue in fiscal year 2023. Net assets of $779K represent 26 months of operating reserves.

Mission

Fairhaven Ministries exists to provide a safe, comfortable, and confidential environment for our guests to experience rest, renewal, and restoration in Christ. We also provide supportive resources including consulting and counseling services.

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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 $124,698

Program Service Revenue $221,102

Investment Income $10,770

Other Revenue $0

TOTAL REVENUE $356,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,297

Fundraising Expenses $30,028

Program Expenses $223,839

Other Expenses $174,633

TOTAL EXPENSES $384,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$356,570	$340,760	+0.0%
Expenses	$384,930	$361,167	+0.1%
Net Income	$-28,360	$-20,407	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katie Lewis	Director	1.00	Director	$0	$0	$0
Timothy Rees	Secretary	1.00	Officer Director	$0	$0	$0
Doll Evans	Director	1.00	Director	$0	$0	$0
Lyndsey Jolley	Director	1.00	Director	$0	$0	$0
Jeff Crowder	Director	1.00	Director	$0	$0	$0
John Davies	Chairman/Vice President	1.00	Officer Director	$0	$0	$0
Luis O'Bourke	President	1.00	Officer Director	$0	$0	$0
Frank Schaff	Treasurer	1.00	Officer Director	$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	$356,570	$384,930	$781,489	$-28,360
2023	$340,760	$361,167	$800,541	$-20,407
2022	$462,559	$398,681	$817,531	$63,878
2021	$384,500	$455,419	$803,700	$-70,919
2020	$375,131	$366,698	$831,380	$8,433
2019	$297,374	$336,381	$788,949	$-39,007
2018	$357,512	$358,568	$828,257	$-1,056

Fairhaven Ministries Inc