BEDS FOR KIDS INC

EIN: 274153074 501(c)(3) Human Services

CHARLOTTE, NC

Total Revenue
$2,899,829
Total Expenses
$2,846,223
Total Assets
$2,368,689
Net Assets
$1,876,386
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NC
Principal Officer
LAUREN EVANS
Phone
7046121999
Tax Period
2024-01-01 to 2024-12-31

BEDS FOR KIDS INC, founded in 2010, is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

THE MISSION OF BEDS FOR KIDS IS TO PROVIDE BEDS AND ESSENTIAL FURNITURE TO CHILDREN AND THEIR FAMILIES IN NEED.

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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 $2,666,799
Program Service Revenue $179,773
Investment Income $11,627
Other Revenue $41,630
TOTAL REVENUE $2,899,829

Expense Breakdown

Grants Paid $1,192,519
Salaries & Benefits $875,761
Fundraising Expenses $133,889
Program Expenses $2,530,711
Other Expenses $777,943
TOTAL EXPENSES $2,846,223

Year-over-Year Comparison

2024 2023 Change
Revenue $2,899,829 $3,093,612 -0.1%
Expenses $2,846,223 $1,919,319 +0.5%
Net Income $53,606 $1,174,293 -1.0%
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

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Governance

Voting Members
15
Independent Members
15
Employees
14
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
1
$96,638
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAUREN EVANS EXECUTIVE DI 40.00
Officer
$96,638 $0 $96,638
JOEY AMOAKO VICE CHAIRMA 2.00
Director
$0 $0 $0
JENNIFER ASHBURN SECRETARY 2.00
Director
$0 $0 $0
JEFF BROWN DIRECTOR 2.00
Director
$0 $0 $0
DAVID BUFFIE DIRECTOR 2.00
Director
$0 $0 $0
NICK CHRISTOFFERSEN DIRECTOR 2.00
Director
$0 $0 $0
KEVIN EAMIGH DIRECTOR 2.00
Director
$0 $0 $0
SGT SPARKLES V FARRAR-GORDON DIRECTOR 2.00
Director
$0 $0 $0
SETH FIRQUIN DIRECTOR 2.00
Director
$0 $0 $0
BRYANT GATRELL DIRECTOR 2.00
Director
$0 $0 $0
BRANDON LAWN DIRECTOR 2.00
Director
$0 $0 $0
CULLEN MCNULTY DIRECTOR 2.00
Director
$0 $0 $0
KENDEL PHILLIPS DIRECTOR 2.00
Director
$0 $0 $0
MANNY RODRIGUES CHAIRMAN 2.00
Director
$0 $0 $0
CHARLIE SHAW DIRECTOR 2.00
Director
$0 $0 $0
KRISTI THOMAS 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 $2,899,829 $2,846,223 $2,368,689 $53,606
2023 $3,093,612 $1,919,319 $2,486,965 $1,174,293
2022 $1,484,652 $1,503,062 $1,011,322 $-18,410
2021 $1,443,722 $1,339,627 $695,175 $104,095
2020 $1,431,295 $1,333,470 $583,970 $97,825
2019 $1,744,085 $1,589,216 $526,406 $154,869
2018 $1,674,956 $1,710,578 $372,032 $-35,622
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