GRANDFATHER HOME FOR CHILDREN INC

EIN: 560529975 501(c)(3) Human Services

BARIUM SPRINGS, NC

Total Revenue
$996,708
Total Expenses
$1,306,229
Total Assets
$14,688,085
Net Assets
$14,688,085
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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
1981
Legal Domicile
NC
Principal Officer
CELESTE DOMINGUEZ
Phone
7048724157
Tax Period
2022-10-01 to 2023-09-30

GRANDFATHER HOME FOR CHILDREN INC, founded in 1981, is a small nonprofit in the Human Services sector that reported $997K in total revenue in fiscal year 2022. Expenses of $1.3M exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE A SAFE, HEALING JOURNEY FOR HURTING CHILDREN AND FAMILIES - CREATING HOPE NOW AND IN THE FUTURE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $422,960
Program Service Revenue $0
Investment Income $573,748
Other Revenue $0
TOTAL REVENUE $996,708

Expense Breakdown

Grants Paid $1,306,229
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,306,229
Other Expenses $0
TOTAL EXPENSES $1,306,229

Year-over-Year Comparison

2022 2021 Change
Revenue $996,708 $982,920 +0.0%
Expenses $1,306,229 $1,139,463 +0.1%
Net Income $-309,521 $-156,543 +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
7
Independent Members
7
Employees
1
Volunteers
11

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
4
$1,041,357
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA SKINNER CHAIR 2.00
Officer Director
$0 $0 $0
SALLY BECK BOARD MEMBER 1.00
Director
$0 $0 $0
KATE BUCKLES BOARD MEMBER 1.00
Director
$0 $0 $0
DANA DOMINGUEZ BOARD MEMBER 1.00
Director
$0 $0 $0
SHARYL DORMUS BOARD MEMBER 1.00
Director
$0 $0 $0
RACHEL HICKS BOARD MEMBER 1.00
Director
$0 $0 $0
ANGELIA WILSON BOARD MEMBER 1.00
Director
$0 $0 $0
KARLY LARIMORE BRD MBR (THR 1.00
Director
$0 $0 $0
CELESTE DOMINGUEZ CEO 2.00
Officer
$0 $20,896 $883,889
JAMES L JONES CFO 2.00
Officer
$0 $12,041 $157,468
KRISTA ZAPPIA CFO 2.00
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 $996,708 $1,306,229 $14,688,085 $-309,521
2022 $982,920 $1,139,463 $13,729,429 $-156,543
2021 $1,027,998 $1,429,808 $17,916,872 $-401,810
2020 $4,692,866 $4,675,785 $16,063,239 $17,081
2019 $4,760,753 $5,065,851 $15,956,026 $-305,098
2018 $3,594,057 $5,842,351 $16,351,995 $-2,248,294
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