CARING FOR CHILDREN INC

EIN: 561182686 501(c)(3)

ASHEVILLE, NC

Total Revenue
$2,455,025
Total Expenses
$1,874,540
Total Assets
$1,743,087
Net Assets
$1,680,622
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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
NC
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.

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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%)

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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

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Governance

Voting Members
5
Independent Members
N/A
Employees
37
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
3
$1,184,780
Total Directors
5
$1,865,280
Key Employees
0
$0
Highest Compensated
0
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
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