FREE WILL BAPTIST CHILDREN'S HOME … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1920

Legal Domicile

Principal Officer

GARY LEE

Phone

2522352161

Tax Period

2024-07-01 to 2025-06-30

FREE WILL BAPTIST CHILDREN'S HOME INC, founded in 1920, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. Net assets of $17.6M represent 40 months of operating reserves.

Mission

OUR VISION IS TO SEE EVERY CHILD THRIVE AND FAMILIES FLOURISH. FREE WILL BAPTIST CHILDREN'S HOME IS CALLED TO PROVIDE A NURTURING ENVIRONMENT TO PROMOTE THE SPIRITUAL, EMOTIONAL, EDUCATIONAL AND PHYSICAL WELL BEING OF CHILDREN, YOUTH AND FAMILIES. OUR VALUES ARE CHILD FOCUSED, CHRIST CENTERED, FAMILY ORIENTED AND EDUCATION MINDED.

Program Service Accomplishments

Program 1

Expenses: $312,314

ALTERNATIVE FAMILY PLACEMENT - OUR RESIDENTIAL CARE PROGRAM PROVIDES A LOVING, TRADITIONAL HOME ATMOSPHERE FOR YOUTH IN A NURTURING ENVIRONMENT. CASE MANAGEMENT PROVIDES THEM WITH PROFESSIONAL...

ALTERNATIVE FAMILY PLACEMENT - OUR RESIDENTIAL CARE PROGRAM PROVIDES A LOVING, TRADITIONAL HOME ATMOSPHERE FOR YOUTH IN A NURTURING ENVIRONMENT. CASE MANAGEMENT PROVIDES THEM WITH PROFESSIONAL SERVICES TO WORK TOWARD GOALS BASED ON PHYSICAL, SPIRITUAL, EDUCATIONAL, AND EMOTIONAL NEEDS. COTTAGE STAFF PROVIDES SUPPORT AND ENCOURAGEMENT TO HELP YOUTH BECOME SUCCESSFUL IN MAKING LIFE-CHANGING DECISIONS AND DEVELOP LASTING RELATIONSHIPS WITH FAMILY AND PEERS.

Program 2

Expenses: $749,512

FOSTER CARE/ADOPTION - OUR FOSTER CARE SERVICES RECRUIT AND TRAIN FOSTER FAMILIES TO CARE FOR YOUTH. THESE LICENSED HOMES PROVIDE A STABLE AND NURTURING ENVIRONMENT TO HELP SUPPORT FAMILIES IN CRISIS AND WORK TOWARD REUNIFICATION. WHEN REUNIFICATION IS NOT POSSIBLE, OUR STAFF PROVIDES ADOPTION SUPPORT FOR FOSTER FAMILIES WHO DESIRE TO GIVE YOUTH A FOREVER HOME.

Program 3

Expenses: $404,794 Revenue: $194,504

BRIDGE LEARNING CENTER - OUR BRIDGE LEARNING CENTER IS A PRE-K, BEFORE/AFTER SCHOOL AND SUMMER PROGRAM SERVING PRE-K - 5TH GRADE CHILDREN IN OUR COMMUNITY. BRIDGE LEARNING CENTER WORKS TOGETHER AS A FAMILY (ADMINISTRATION, STAFF AND PARENTS) TO PROVIDE THE BEST ENVIRONMENT FOR EACH CHILD. OUR GOAL IS TO PROVIDE POSITIVE RELATIONSHIPS WITHIN THE COMMUNITY AND TO NURTURE THE CHILDREN IN ALL ASPECTS OF DEVELOPMENT INCLUDING COGNITIVE, PHYSICAL, SOCIAL, EMOTIONAL AND SPIRITUAL DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,954,468

Program Service Revenue $194,504

Investment Income $704,448

Other Revenue $362,057

TOTAL REVENUE $5,215,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,961,518

Fundraising Expenses $289,935

Program Expenses $3,839,376

Other Expenses $2,133,376

TOTAL EXPENSES $5,094,894

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,215,477	$4,933,858	+0.1%
Expenses	$5,094,894	$4,780,364	+0.1%
Net Income	$120,583	$153,494	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$194,945

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHNNY SULLIVAN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
SHERRY ASKEW	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURA BUDDIN	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
PAMELA BRAXTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDY ROBERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC NARRON	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHERINE ALPHIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DUANE CASEY	MEMBER AT LARGE	1.00	Director	$0	$0	$0
GARY FAIRCLOTH	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD SUTTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH WHITFIELD	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ASHLEY RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY LEE	PRESIDENT/CEO	40.00	Officer	$154,400	$40,545	$194,945

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	$5,215,477	$5,094,894	$18,565,313	$120,583
2024	$4,933,858	$4,780,364	$18,177,835	$153,494
2023	$5,960,482	$4,285,386	$17,646,906	$1,675,096
2022	$5,607,581	$3,919,604	$15,140,197	$1,687,977
2021	$4,909,907	$3,664,304	$14,629,244	$1,245,603
2020	$3,853,738	$3,411,895	$12,356,674	$441,843
2019	$3,656,879	$3,153,493	$11,574,354	$503,386

FREE WILL BAPTIST CHILDREN'S HOME INC