Fairhaven South Inc (EIN 650339453) - 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

1992

Legal Domicile

Phone

7656717243

Tax Period

2024-01-01 to 2024-12-31

Fairhaven South Inc, founded in 1992, is a small nonprofit that reported $998K in total revenue in fiscal year 2024. Expenses of $951K left a modest 5% surplus.

Mission

To support the ministry programs and activities of World Gospel Mission

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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 $0

Program Service Revenue $943,662

Investment Income $54,186

Other Revenue $0

TOTAL REVENUE $997,848

Expense Breakdown

Grants Paid $948,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $948,000

Other Expenses $3,426

TOTAL EXPENSES $951,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$997,848	$936,660	+0.1%
Expenses	$951,426	$919,900	+0.0%
Net Income	$46,422	$16,760	+1.8%

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

N/A

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

$367,143

Total Directors

$215,686

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cheryl Weimer	Chairman	1.0	Officer Director	$0	$0	$0
Bobby Peed	Board Member	1.0	Director	$0	$0	$0
Dr Bruce Moyer	Board Member	1.0	Director	$0	$0	$0
Dr Daniel Schafer	Board Member	1.0	Director	$0	$106,724	$215,686
Dr Doug Carter	Director	1.0	Director	$0	$0	$0
Gary Gilmore	Board Member	1.0	Director	$0	$0	$0
Rev David Engbrecht	Board Member	1.0	Director	$0	$0	$0
Fay Turnbull	Treasurer	3.0	Officer	$0	$39,160	$125,891
Jared Gleason	Secretary	1.0	Officer	$0	$41,143	$126,291
Shelly McCollum	Secretary (Part Year)	1.0	Officer	$0	$64,492	$114,961

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	$997,848	$951,426	$519,140	$46,422
2023	$936,660	$919,900	$485,542	$16,760
2022	$921,343	$906,810	$428,807	$14,533
2021	$938,170	$883,700	$490,915	$54,470
2020	$899,082	$872,600	$403,702	$26,482
2019	$861,115	$856,651	$372,196	$4,464
2018	$855,517	$833,450	$302,500	$22,067

Fairhaven South Inc