RESPITE AT HALIBUT COVE (EIN 831135794) - 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

2018

Legal Domicile

Principal Officer

David Everly Sr

Tax Period

2023-01-01 to 2023-12-31

RESPITE AT HALIBUT COVE, founded in 2018, is a small nonprofit in the Religion sector that reported $109K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $131K exceeded revenue, resulting in a 20% operating deficit.

Mission

To give religious and nonprofit leaders the time and space to rest and recover in order to continue pursung their calling

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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 $109,153

Program Service Revenue $0

Investment Income $11

Other Revenue $0

TOTAL REVENUE $109,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,895

Other Expenses $131,471

TOTAL EXPENSES $131,471

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,164	$122,185	-0.1%
Expenses	$131,471	$101,411	+0.3%
Net Income	$-22,307	$20,774	-2.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Greg Daley	Treasurer, Director	0.5	Officer	$0	$0	$0
Keith Shultz	Vice President	0.5	Officer	$0	$0	$0
David Everly Sr	Executive Director	40	Officer	$0	$0	$0
Adam Sidler	President, Board Chair	0.5	Officer	$0	$0	$0
Linda Everly	Secretary	30.00	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	$109,164	$131,471	$515,496	$-22,307
2022	$122,185	$101,411	$539,655	$20,774
2021	$95,047	$97,299	$523,579	$-2,252
2020	$166,146	$51,242	$530,751	$114,904

RESPITE AT HALIBUT COVE