MIDLAND FAIR HAVENS (EIN 752627746) - 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

1997

Legal Domicile

Principal Officer

DIANN KOEHL WHIGHAM

Phone

4326893411

Tax Period

2023-01-01 to 2023-12-31

MIDLAND FAIR HAVENS, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Net assets of $3.6M represent 32 months of operating reserves.

Mission

MIDLAND FAIR HAVENS IS A FAITH-BASED, NON-PROFIT ORGANIZATION THAT PROVIDES SUPPORTIVE SERVICES TO DETERMINED SINGLE MOTHERS AND THEIR CHILDREN, SO THAT THEY MAY BECOME HEALTHY, SELF-SUFFICIENT FAMILIES. THESE INCLUDE SECURE HOUSING, VOCATIONAL AND LIFE SKILLS EDUCATION, CASE MANAGEMENT, AND BASIC NEEDS ASSISTANCE.MIDLAND FAIR HAVENS SERVICES WOMEN WITH CHILDREN WHO ARE HOMELESS OR WHO ARE IN DANGER OF BECOMING HOMELESS. EVEN THOUGH THEY ARE COMING FROM DIFFERENT TYPES OF BACKGROUNDS AND SITUATIONS, ALL OF THESE MOTHERS ARE HIGHLY MOTIVATED TO MAKE THE NECESSARY LIFESTYLE CHANGES THAT WILL LEAD TO A STABLE HOME LIFE. THEY LEAVE UNHEALTHY RELATIONSHIPS AND ENVIRONMENTS TO FURTHER THEIR EDUCATION, LEARN CRUCIAL LIFE SKILLS AND STRENGTHEN THEMSELVES EMOTIONALLY AND SPIRITUALLY SO THAT THEY CAN BUILD A BRIGHTER FUTURE FOR THEIR FAMILIES.

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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 $643,834

Program Service Revenue $0

Investment Income $39,960

Other Revenue $666,225

TOTAL REVENUE $1,350,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $736,077

Fundraising Expenses $120,395

Program Expenses $969,915

Other Expenses $580,517

TOTAL EXPENSES $1,316,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,350,019	$1,371,540	0.0%
Expenses	$1,316,594	$1,307,649	+0.0%
Net Income	$33,425	$63,891	-0.5%

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

450

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

$230,112

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANN KOEHL WHIGHAM	Executive Dir.	40.00	Officer	$142,777	$0	$142,777
AMANDA SIRUTA	FINANCE DIR.	40.00	Officer	$87,335	$0	$87,335
KEN BEATTIE	President	2.00	Officer Director	$0	$0	$0
DAVID BLEDSOE	Director	2.00	Director	$0	$0	$0
CALLIE FUQUA	Secretary	2.00	Officer Director	$0	$0	$0
DANNY CARRIGAN	Treasurer	2.00	Officer Director	$0	$0	$0
KAREN SPARKS	Director	2.00	Director	$0	$0	$0
MARC DINGLER	Director	2.00	Director	$0	$0	$0
JAMIE STALLINGS	Vice President	2.00	Officer Director	$0	$0	$0
AMY LEACH	Director	2.00	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	No data	No data	No data	No data
2023	$1,350,019	$1,316,594	$3,701,276	$33,425
2022	$1,371,540	$1,307,649	$3,520,362	$63,891
2021	$1,353,385	$1,347,368	$3,526,365	$6,017
2020	$1,351,258	$1,232,956	$3,624,668	$118,302
2019	$1,184,082	$1,105,125	$3,378,213	$78,957
2018	$976,506	$1,014,771	$3,273,432	$-38,265

MIDLAND FAIR HAVENS