CHILDREN'S HOMES OF IREDELL COUNTY INC (EIN 561050648) - Form 990 Financial Analysis & Trantor Score

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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

1973

Legal Domicile

Principal Officer

KEVIN ANGELL

Phone

7048712289

Tax Period

2024-07-01 to 2025-06-30

CHILDREN'S HOMES OF IREDELL COUNTY INC, founded in 1973, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 11% surplus.

Mission

TO PROVIDE HOUSING AND CARE FOR CHILDREN WHO HAVE BEEN NEGLECTED, ABUSED, OR ABANDONED BY THEIR CAREGIVERS.

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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 $360,891

Program Service Revenue $1,352,558

Investment Income $4,254

Other Revenue $28,995

TOTAL REVENUE $1,746,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,087,452

Fundraising Expenses $116

Program Expenses $1,221,553

Other Expenses $475,599

TOTAL EXPENSES $1,563,051

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,746,698	N/A	N/A
Expenses	$1,563,051	N/A	N/A
Net Income	$183,647	$0	N/A

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

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

$144,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MARK ARIAIL	TREASURER	Officer Director	$0	$0	$0
JOHN EVANS	BOARD CHAIR	Officer Director	$0	$0	$0
TRACE VONDA	DIRECTOR	Director	$0	$0	$0
JAMES T STAPLES	SECRETARY	Officer Director	$0	$0	$0
DON KOEPNICK	DIRECTOR	Director	$0	$0	$0
ARJAN DE ROY	DIRECTOR	Director	$0	$0	$0
CHRISTIAN KIECHEL	BOARD ATTORNEY	Officer Director	$0	$0	$0
KEVIN ANGELL	EXECUTIVE DIRECTOR	Officer	$144,000	$0	$144,000

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	$1,746,698	$1,563,051	$1,544,608	$183,647
2024	$1,446,620	$1,413,089	$1,354,792	$33,531
2023	$1,216,478	$1,303,808	$1,324,179	$-87,330
2022	$1,144,676	$1,158,109	$1,426,878	$-13,433
2021	$1,079,219	$1,205,007	$1,577,344	$-125,788
2020	$1,301,313	$1,329,643	$1,652,351	$-28,330
2019	$1,188,948	$1,162,424	$1,545,200	$26,524

CHILDREN'S HOMES OF IREDELL COUNTY INC