IREDELL CHRISTIAN MINISTRIES INC

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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

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

OUR MISSION IS TO BE AN AGENCY IN PARTNERSHIP WITH OTHERS THAT WILL PROVIDE SERVICE TO PERSONS IN CRISIS WITH A FOOD PANTRY AND WITH FINANCIAL ASSISTANCE.

Program Service Accomplishments

Program 1

Expenses: $433,333

TO PROVIDE SERVICE TO PERSONS IN CRISIS WITH A FOOD PANTRY AND WITH FINANCIAL ASSISTANCE.

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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 $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

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

Key Employees

Highest Compensated

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