WINSTON-SALEM RESCUE MISSION INC

EIN: 560891921 501(c)(3) Housing & Shelter

WINSTONSALEM, NC

Total Revenue
$4,412,795
Total Expenses
$4,465,740
Total Assets
$6,537,226
Net Assets
$6,298,101
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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
NC
Principal Officer
LOU CARRICO
Phone
3367231848
Tax Period
2023-07-01 to 2024-06-30

WINSTON-SALEM RESCUE MISSION INC, founded in 1967, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2023.

Mission

THE WINSTON SALEM RESCUE MISSION IS A CHRISTIAN, NON-DENOMINATIONAL SERVICE MINISTRY, EXISTING TO HELP HURTING NEIGHBORS FIND HOPE AND HEALING THROUGH THE TRANSFORMING GOSPEL OF JESUS CHRIST. WE IMPACTED 179 MEN THROUGH TWO RESIDENTIAL RECOVERY PROGRAMS FOR MEN (94 BEDS) TO HELP THEM EXPERIENCE TRUE CHANGE THROUGH A RELATIONSHIP WITH JESUS CHRIST AND BECOME PRODUCTIVE CITIZENS ONCE AGAIN. IN OUR RECOVERY PROGRAMS, THERE WERE 91 MEN WHO MADE A PROFESSION OF FAITH IN CHRIST, OR WHO REDEDICATED THEIR LIVES TO HIM. WE IMPACT OVER 5,000 INDIVIDUALS EACH YEAR THROUGH OUR COMMUNITY OUTREACH SERVICES TO THE GENERAL COMMUNITY, INCLUDING A THRIFT STORE, ON-SITE FOOD PANTRY, MOBILE MEALS, FOOD TRAILER, HOLIDAY FOOD BOXES AND CLOTHING CLOSET. THIS ALSO INCLUDES CLIENTS WE SERVE AS AN ONSITE LOCATION FOR SAMARITAN MEDICAL CLINIC, OFFERING MEDICAL AND DENTAL SERVICES AT NO CHARGE FOR CLIENTS WHO DO NOT HAVE INSURANCE.

Program Service Accomplishments

Program 1
Expenses: $1,781,830 Revenue: $31,363

OUR LIFE BUILDERS PROGRAM IS A 90-DAY MEN'S RESIDENTIAL PROGRAM PROVIDING STRUCTURE, DISCIPLINE, ACCOUNTABILITY, RECOVERY CLASSES, GED AND COMPUTER EDUCATION, WORK THERAPY, INTEGRATED BIBLICAL...

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OUR LIFE BUILDERS PROGRAM IS A 90-DAY MEN'S RESIDENTIAL PROGRAM PROVIDING STRUCTURE, DISCIPLINE, ACCOUNTABILITY, RECOVERY CLASSES, GED AND COMPUTER EDUCATION, WORK THERAPY, INTEGRATED BIBLICAL COUNSELING AND SPIRITUAL GUIDANCE. THIS PROGRAM HAS A 62-BED CAPACITY AT OUR WINSTON-SALEM CAMPUS. DURING 2023-2024, 154 MEN WERE SERVED THROUGH THE PROGRAM, WITH 47 GRADUATING. OF THOSE, 25 GRADUATES WENT INTO OUR 1-YEAR NEW LIFE CENTER TRANSFORMERS PROGRAM. ADDITIONALLY, 14 MEN WENT ON TO OBTAIN OUTSIDE EMPLOYMENT AND 8 MEN TRANSFERRED FROM OUR PROGRAM TO PERMANENT HOUSING.

Program 2
Expenses: $1,081,825 Revenue: $58,889

THE NEW LIFE CENTER TRANSFORMERS PROGRAM IS A ONE-YEAR MEN'S RESIDENTIAL PROGRAM PROVIDING STRUCTURE, DISCIPLINE, ACCOUNTABILITY, RECOVERY CLASSES, ADDITIONAL CASE MANAGEMENT, WORK THERAPY...

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THE NEW LIFE CENTER TRANSFORMERS PROGRAM IS A ONE-YEAR MEN'S RESIDENTIAL PROGRAM PROVIDING STRUCTURE, DISCIPLINE, ACCOUNTABILITY, RECOVERY CLASSES, ADDITIONAL CASE MANAGEMENT, WORK THERAPY, INTEGRATED BIBLICAL COUNSELING AND SPIRITUAL GUIDANCE SERVICES FOR SELECTED GRADUATES OF OUR 90-DAY PROGRAM. LIFE SKILLS, CAREER DEVELOPMENT, AND OTHER EDUCATIONAL OPPORTUNITIES ARE ALSO OFFERED IN THIS PROGRAM, INCLUDING CLASSES TOWARDS GED COMPLETION, COMPUTER EDUCATION AND COLLEGE COURSES. THIS PROGRAM HAS A 32-BED CAPACITY AT OUR WINSTON-SALEM CAMPUS. DURING 2023-2024, 25 MEN WERE SERVED THROUGH THIS PROGRAM, WITH 9 GRADUATING. ADDITIONALLY, 6 WENT ON TO OBTAIN OUTSIDE EMPLOYMENT AND 6 TRANSFERRED FROM OUR PROGRAM TO PERMANENT HOUSING. 2 RESIDENTS ATTENDING EDUCATIONAL PROGRAMS.

Program 3
Expenses: $318,184

THE WSRM COMMUNITY OUTREACH PROGRAMS IMPACT OVER 5,000 INDIVIDUALS PER YEAR BY PROVIDING FREE SERVICES TO THOSE IN NEED, INCLUDING FOOD PANTRY, CLOTHING CLOSET, MEALS, BAG LUNCHES FOR THE HOMELESS...

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THE WSRM COMMUNITY OUTREACH PROGRAMS IMPACT OVER 5,000 INDIVIDUALS PER YEAR BY PROVIDING FREE SERVICES TO THOSE IN NEED, INCLUDING FOOD PANTRY, CLOTHING CLOSET, MEALS, BAG LUNCHES FOR THE HOMELESS, AND SPACE FOR FREE MEDICAL AND DENTAL SERVICES. WSRM ALSO PROVIDES HOLIDAY FOOD BOXES FOR THOSE NEEDING HELP DURING THE THANKSGIVING SEASON. DURING 2023-2024, WSRM PROVIDED A TOTAL OF 123,591 MEALS TO THE COMMUNITY, INCLUDING: MISSION KITCHEN SERVED 110,048 MEALS TO PROGRAM RESIDENTS, AND PROVIDED 4,991 MEALS (BAG LUNCHES) TO HOMELESS INDIVIDUALS; FOOD PANTRY AND EMERGENCY FOOD BOXES PROVIDED 8,552 MEALS/BOXES. THE WSRM CLOTHING CLOSET DISTRIBUTED OVER 519 PIECES OF CLOTHING. WSRM IS THE HOST SITE FOR THE SAMARITAN CLINIC, WHICH PROVIDED FREE MEDICAL/DENTAL SERVICES TO 768 INDIVIDUALS WITHOUT INSURANCE.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,267,913
Program Service Revenue $90,252
Investment Income $46,864
Other Revenue $7,766
TOTAL REVENUE $4,412,795

Expense Breakdown

Grants Paid $831,291
Salaries & Benefits $1,976,802
Fundraising Expenses $732,820
Program Expenses $3,181,839
Other Expenses $1,118,016
TOTAL EXPENSES $4,465,740

Year-over-Year Comparison

2023 2022 Change
Revenue $4,412,795 $4,173,384 +0.1%
Expenses $4,465,740 $4,153,337 +0.1%
Net Income $-52,945 $20,047 -3.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
62
Volunteers
2155

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
$67,174
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS PAYNE CHAIRMAN 1.00
Director
$0 $0 $0
JOSH EVANS BOARD MEMBER 1.00
Director
$0 $0 $0
ROB DECKER BOARD MEMBER 1.00
Director
$0 $0 $0
LUKE MONEY BOARD MEMBER 1.00
Director
$0 $0 $0
CLETIS TITUS BOARD MEMBER 1.00
Director
$0 $0 $0
DOUG WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
LOU CARRICO EXECUTIVE DIRECTOR 40.00
Officer
$67,174 $0 $67,174
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 No data No data No data No data
2024 $4,412,795 $4,465,740 $6,537,226 $-52,945
2023 $4,173,384 $4,153,337 $6,644,972 $20,047
2022 $4,280,239 $3,350,098 $6,423,330 $930,141
2021 $3,445,483 $2,824,465 $5,895,471 $621,018
2020 $3,156,362 $3,016,764 $5,672,061 $139,598
2019 $3,438,295 $3,543,094 $5,032,478 $-104,799
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