CARING FOR CHILDREN 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

1975

Legal Domicile

Principal Officer

DAVID DENNIS

Phone

8282980186

Tax Period

2021-07-01 to 2022-06-30

CARING FOR CHILDREN INC, founded in 1975, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2021. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $580K, a strong 24% operating margin.

Mission

TO PROVIDE FOSTER CARE AND OTHER SERVICES FOR CHILDREN IN CRISIS IN BUNCOMBE COUNTY, NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $1,410,430 Revenue: $1,060,815

NONRESIDENTIAL PROGRAMS:FAMILY AND THERAPEUTIC FOSTER CARE PROVIDES SERVICES TO CHILDREN IN THE CUSTODY OF THE DEPARTMENT OF SOCIAL SERVICES REQUIRING LONG TERM FOSTER CARE PLACEMENT. APPROXIMATELY...

Program 2

Expenses: $341,218

RESIDENTIAL EMERGENCY SHELTER:THE EMERGENCY SHELTER IS FOR CHILDREN AGES 7 TO 17 WHO NEED TIME AND A SAFE PLACE TO STAY AND WORK THROUGH THEIR PROBLEMS. APPROXIMATELY 60 CHILDREN UTILIZE THE...

RESIDENTIAL EMERGENCY SHELTER:THE EMERGENCY SHELTER IS FOR CHILDREN AGES 7 TO 17 WHO NEED TIME AND A SAFE PLACE TO STAY AND WORK THROUGH THEIR PROBLEMS. APPROXIMATELY 60 CHILDREN UTILIZE THE EMERGENCY SHELTER ANNUALLY. THE EMERGENCY SHELTER WAS CLOSED IN MAY 2022 DUE TO DIFFICULTIES FINDING STAFF.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,390,086

Program Service Revenue $1,060,815

Investment Income $1,607

Other Revenue $2,517

TOTAL REVENUE $2,455,025

Expense Breakdown

Grants Paid $593,320

Salaries & Benefits $876,106

Fundraising Expenses $0

Program Expenses $1,751,648

Other Expenses $405,114

TOTAL EXPENSES $1,874,540

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,455,025	$2,036,853	+0.2%
Expenses	$1,874,540	$2,046,715	-0.1%
Net Income	$580,485	$-9,862	-59.9%

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

N/A

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

$1,184,780

Total Directors

$1,865,280

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUTHER DAVID DENNIS	CEO/PRESIDENT	1.00	Officer Director	$0	$41,344	$770,014
JOHN ANTHONY VAN SLYKE	CFO/TREASURER	1.00	Officer Director	$0	$14,410	$317,011
ALEX J REED	DIRECTOR	1.00	Director	$0	$34,999	$322,619
MARTIN PETERS	DIRECTOR	1.00	Director	$0	$33,551	$202,054
RICHARD SEMANCIK	DIRECTOR	1.00	Director	$0	$34,800	$253,582
LAURA HUNT	SECRETARY	1.00	Officer	$0	$21,220	$97,755

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
2022	$2,455,025	$1,874,540	$1,743,087	$580,485
2022	$986,566	$2,667,188	No data	$-1,680,622
2021	$2,036,853	$2,046,715	$1,256,369	$-9,862
2020	$2,403,435	$2,458,527	$1,286,368	$-55,092
2019	$3,462,845	$3,614,007	$1,524,969	$-151,162
2018	$4,211,202	$4,113,629	$1,684,740	$97,573