HAVEN OF REST MINISTRIES INC (EIN 752816577) - 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

1999

Legal Domicile

Principal Officer

RACHAEL YANCEY

Phone

8178517727

Tax Period

2023-01-01 to 2023-12-31

HAVEN OF REST MINISTRIES INC, founded in 1999, is a small nonprofit in the Human Services sector that reported $398K in total revenue in fiscal year 2023.

Mission

PROVIDE HOUSING TO INDIVIDUALS EXITING THE PRISON SYSTEM, DRUG REHABS, MHMR CLIENTS, HOMELESS LIVING ON THE STREET. WE ASSIST OVER 150 MEN LEARN TO BECOME FINANCIALLY INDEPENDENT AND LIVE THEIR LIVES DRUG AND ALCOHOL FREE.

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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 $40,294

Program Service Revenue $357,303

Investment Income $0

Other Revenue $0

TOTAL REVENUE $397,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,192

Fundraising Expenses $0

Program Expenses $389,468

Other Expenses $282,935

TOTAL EXPENSES $390,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$397,597	$413,782	0.0%
Expenses	$390,127	$378,916	+0.0%
Net Income	$7,470	$34,866	-0.8%

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

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

$79,108

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOLEN YANCEY	EXECUTIVE DIRECTOR	40.00	Director	$39,798	$0	$39,798
RACHAEL YANCEY	VOLUNTEER/PROGRAM DIRECTOR	40.00	Director	$39,310	$0	$39,310
DANIEL ESTES	SECRETARY	2.00	Officer	$0	$0	$0
STEVE YANCEY	TREASURER	2.00	Officer	$0	$0	$0
LEE MARTIN	BOARD MEMBER	1.00	Officer	$0	$0	$0
DENNIS FONTAINE	MAINTENANCE/BOARD MEMBER	25.00	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	No data	No data	No data	No data
2023	$397,597	$390,127	$107,308	$7,470
2022	$413,782	$378,916	$99,838	$34,866
2021	$348,941	$324,358	$64,973	$24,583
2020	$300,572	$299,905	$40,390	$667
2019	$260,828	$264,901	$39,723	$-4,073
2018	$257,084	$247,709	$43,796	$9,375

HAVEN OF REST MINISTRIES INC