Fairhaven Ministries Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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.

Program Service Accomplishments

Program 1

Expenses: $3,813 Revenue: $5,325

Our ministry maintains a gift shop which offers a variety of books to resource our guests for many of the issues they are facing. All sales are at a discounted price.

Program 2

Expenses: $2,250 Revenue: $2,250

Our ministry offers sound biblical and psychological counseling services to help pastors, missionaries, and others as they face difficult situations in their lives, and as they deal with those under their care who are going through crisis events. The counseling service is available as needed to low income clergy through scholarships. serving others. All sales are at a discounted price.

Program 3

Expenses: $217,776 Revenue: $213,122

Our ministry provides lodging for Christian leaders (pastors, missionaries, other full-time workers in churches or Christian organizations) at subsidized (reduced rates below cost) rental fees. We do this in light of the fact that the average pastor/missionary often receives relatively low salaries. Our reduced rates for clergy enables them to get away for rest, reflection, and renewal at affordable prices. Our staff work hard to accomplish the mission. Their tasks include: phone reception, guest reception, housekeeping, buildings and ground maintenance, construction, purchasing of supplies and furnishings, etc. housekeeping, building and grounds maintenance and construction, purchasing of supplies and furnishings, etc.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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