NAZARETH CHILDREN'S HOME 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

1906

Legal Domicile

Principal Officer

JENNIFER ETHRIDGE

Phone

7042795556

Tax Period

2024-10-01 to 2025-09-30

NAZARETH CHILDREN'S HOME INC, founded in 1906, is a community nonprofit in the Human Services sector that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE THE HIGHEST QUALITY SERVICES WITH A COMMITMENT TO EXCELLENCE WHILE EMPOWERING YOUTH AND FAMILIES IN DEVELOPING SOLUTIONS THAT ENSURE SUCCESSFUL OUTCOMES.

Program Service Accomplishments

Program 1

Expenses: $5,439,678 Revenue: $5,196,094

NAZARETH CHILDREN'S HOME, INC. DBA NAZARETH CHILD & FAMILY CONNECTION (THE ORGANIZATION) WAS FOUNDED IN 1906 IN ROWAN COUNTY AS A GROUP HOME FOR SCHOOL AGED CHILDREN WHO WERE ORPHANS. THE MISSION OF THE ORGANIZATION IS TO PROVIDE THE HIGHEST QUALITY OF SERVICES WITH A COMMITMENT TO EXCELLENCE WHILE EMPOWERING YOUTH AND FAMILIES IN DEVELOPING SOLUTIONS THAT ENSURE SUCCESSFUL OUTCOMES. THE ORGANIZATION OPERATES RESIDENTIAL GROUP STYLE LIVING AND FOSTER CARE PROGRAMS, ALONG WITH MULTIPLE OUTPATIENT MENTAL HEALTH AND SUBSTANCE ABUSE CLINICS. REFERRALS ARE RECEIVED FROM LOCAL DEPARTMENTS OF SOCIAL SERVICES, JUVENILE SERVICES, FAMILIES, PRIMARY CARE PROVIDERS, LOCAL LME/MCOS AND THE JUSTICE DEPARTMENT. THE ORGANIZATION RECEIVES REVENUE FOR SERVICES PREFORMED FROM GOVERNMENTAL AGENCIES AND PRIVATE INSURANCE, IN ADDITION TO RECEIVING PUBLIC AND PRIVATE CONTRIBUTIONS. IN FY25, THE ORGANIZATION HAD AN AVERAGE OF 40 CHILDREN PER MONTH IN RESIDENTIAL PROGRAMS, AND 7,875 CHARGEABLE VISITS TO ITS CLINICS

Program 2

Expenses: $446,507 Revenue: $34,069

THE ORGANIZATION ALSO OPERATES A THRIFT SHOP IN SALISBURY, NC WHERE DONATED ITEMS ARE SOLD TO THE PUBLIC

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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 $1,436,354

Program Service Revenue $5,160,410

Investment Income $221,264

Other Revenue $180,930

TOTAL REVENUE $6,998,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,117,858

Fundraising Expenses $273,001

Program Expenses $5,886,185

Other Expenses $2,043,988

TOTAL EXPENSES $7,161,846

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,998,958	$5,541,552	+0.3%
Expenses	$7,161,846	$6,596,608	+0.1%
Net Income	$-162,888	$-1,055,056	-0.8%

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

156

Volunteers

250

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

$289,616

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE TURLINGTON	CHARIMAN	0.50	Officer Director	$0	$0	$0
LESLIE HEIDRICK	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
DAVID PARKS	TREASURER	0.50	Officer Director	$0	$0	$0
DENISE DURHAM	ASSISTANT TREASURER	0.50	Officer Director	$0	$0	$0
KATINA SIMMONS	SECRETARY	0.50	Officer Director	$0	$0	$0
ERIC TAYLOR	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER COOK	DIRECTOR	0.50	Director	$0	$0	$0
CANDACE BROWN	DIRECTOR	0.50	Director	$0	$0	$0
DANA BURRIS	DIRECTOR	0.50	Director	$0	$0	$0
PAUL CARROLL TEETER	DIRECTOR	0.50	Director	$0	$0	$0
JOY KING	DIRECTOR	0.50	Director	$0	$0	$0
JIMMY GREENE JR	DIRECTOR	0.50	Director	$0	$0	$0
SAMUEL SWAIM	DIRECTOR	0.50	Director	$0	$0	$0
JOHN HUDSON	DIRECTOR	0.50	Director	$0	$0	$0
DENNIS RIVERS SR	DIRECTOR	0.50	Director	$0	$0	$0
JUDY JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
MARSHA WOODARD	DIRECTOR	0.50	Director	$0	$0	$0
WA CLINE	DIRECTOR	0.50	Director	$0	$0	$0
CYBIL JONES	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER ETHRIDGE	PRESIDENT/CEO	40.00	Officer	$135,308	$36,124	$171,432
CHRIS LOOKABILL	DIRECTOR OF FINANCE	40.00	Officer	$105,030	$13,154	$118,184

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
2025	$6,998,958	$7,161,846	$13,261,079	$-162,888
2024	$5,541,552	$6,596,608	$12,874,492	$-1,055,056
2023	$4,331,884	$5,432,788	$12,572,171	$-1,100,904
2022	$4,062,875	$4,882,579	$13,018,512	$-819,704
2021	$4,997,949	$4,838,416	$15,709,628	$159,533
2020	$5,705,366	$5,664,942	$14,680,754	$40,424
2019	$5,006,748	$5,466,815	$14,012,150	$-460,067
2018	$5,989,004	$6,053,885	$14,466,316	$-64,881