IREDELL CHRISTIAN MINISTRIES INC

EIN: 204761133 501(c)(3) Human Services

STATESVILLE, NC

Total Revenue
$460,402
Total Expenses
$434,803
Total Assets
$1,030,597
Net Assets
$1,020,680
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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
2006
Legal Domicile
NC
Principal Officer
FRANK CHILDRESS
Phone
7049246700
Tax Period
2024-01-01 to 2024-12-31

IREDELL CHRISTIAN MINISTRIES INC, founded in 2006, is a small nonprofit in the Human Services sector that reported $460K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $435K left a modest 6% surplus.

Mission

IREDELL CHRISTIAN MINISTRIES IS DEDICATED TO SERVING FAMILIES IN NEED THROUGH FOOD ASSISTANCE, FINANCIAL HELP, AND FAITH-BASED OUTREACH IN IREDELL COUNTY, NC, FOSTERING HOPE AND RESILIENCE. WE AIM TO CONNECT CLIENTS, DONORS, AND VOLUNTEERS, ENSURING EASY ACCESS TO RESOURCES AND SUPPORT WHILE HIGHLIGHTING OUR COMMUNITY PARTNERSHIPS AND IMPACT THROUGH OUTREACH PROGRAMS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $446,231
Program Service Revenue $0
Investment Income $14,171
Other Revenue $0
TOTAL REVENUE $460,402

Expense Breakdown

Grants Paid $204,543
Salaries & Benefits $80,890
Fundraising Expenses $306
Program Expenses $433,333
Other Expenses $149,370
TOTAL EXPENSES $434,803

Year-over-Year Comparison

2024 2023 Change
Revenue $460,402 $306,022 +0.5%
Expenses $434,803 $277,027 +0.6%
Net Income $25,599 $28,995 -0.1%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
6
Volunteers
40

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
2
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROWDY ARMISTEAD BOARD MEMBER N/A
Director
$0 $0 $0
RALPH BENTLEY BOARD MEMBER N/A
Director
$0 $0 $0
KATHY CARPENTER BOARD MEMBER N/A
Director
$0 $0 $0
CAROL CHILDRESS BOARD MEMBER N/A
Director
$0 $0 $0
FRANK CHILDRESS CHAIRMAN 1.00
Officer Director
$0 $0 $0
KIM DOCKERY BOARD MEMBER N/A
Director
$0 $0 $0
CATHY FULBRIGHT BOARD MEMBER N/A
Director
$0 $0 $0
FELINA HARRIS BOARD MEMBER N/A
Director
$0 $0 $0
ELIZABETH KILBY BOARD MEMBER N/A
Director
$0 $0 $0
CAROL LEACH SECRETARY N/A
Director
$0 $0 $0
REV TRACY SCHUMPERT BOARD MEMBER N/A
Director
$0 $0 $0
BETH SETZER TREASURER 1.00
Officer Director
$0 $0 $0
BRIAN SUTTON BOARD MEMBER N/A
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 $460,402 $434,803 $1,030,597 $25,599
2023 $306,022 $277,027 $996,566 $28,995
2022 $325,787 $304,799 $969,348 $20,988
2021 $324,348 $321,051 $946,658 $3,297
2020 $453,729 $347,770 $939,814 $105,959
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