FAIRHAVEN MINISTRY OF FAITH HOPE & LOVE (EIN 721313323) - 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

1996

Legal Domicile

Phone

9858921134

Tax Period

2024-01-01 to 2024-12-31

FAIRHAVEN MINISTRY OF FAITH HOPE & LOVE, founded in 1996, is a small nonprofit in the Human Services sector that reported $225K in total revenue in fiscal year 2024. Expenses of $209K left a modest 7% surplus.

Mission

FAIRHAVEN MINISTRY OF FAITH HOPE & LOVE PROVIDES A CHRISTIAN HOME FOR CHILDREN FROM DYSFUNCTIONAL FAMILIES OR ORPHANED CHILDREN. THE PURPOSE IS TO HELP THE CHILD FEEL SECURE AND LOVED BY THE STAFF AND THE LORD JESUS CHRIST. THE APPROXIMATE NUMBER OF CHILDREN LIVING AT THE HOME IS 15 CHILDREN.

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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 $210,321

Program Service Revenue $0

Investment Income $11,878

Other Revenue $2,427

TOTAL REVENUE $224,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,294

Fundraising Expenses $0

Program Expenses $179,452

Other Expenses $187,354

TOTAL EXPENSES $208,648

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,626	$214,229	+0.0%
Expenses	$208,648	$265,406	-0.2%
Net Income	$15,978	$-51,177	-1.3%

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

Total Directors

$19,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHNNY HUFFMAN	Director	50.00	Director	$19,800	$0	$19,800
SHERILYN HUFFMAN	Director	50.00	Director	$0	$0	$0
NOEL MAESTRI	President	5.00	Officer	$0	$0	$0
HAROLD GADDY	Vice President	5.00	Officer	$0	$0	$0
JEANNIE JANKE	Sec/Treas	20.00	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	$224,626	$208,648	$328,011	$15,978
2023	$214,229	$265,406	$312,033	$-51,177
2022	$302,199	$292,573	$363,210	$9,626
2021	$277,797	$310,047	$353,584	$-32,250
2020	$205,316	$323,216	$385,834	$-117,900
2019	$577,312	$399,412	$503,734	$177,900
2018	$275,930	$299,035	$325,834	$-23,105

FAIRHAVEN MINISTRY OF FAITH HOPE & LOVE