Salisbury, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Lutheran Family Services in the Carolinas, founded in 1980, is a mid-sized nonprofit in the Human Services sector that reported $44.8M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.
LUTHERAN FAMILY SERVICES IN THE CAROLINAS (LFS) IS DEDICATED TO ONE SIMPLE GOAL, IMPROVING THE LIVES OF THE MOST VULNERABLE POPULATIONS IN NORTH AND SOUTH CAROLINA. THE LFS MISSION STATEMENT IS, "EMPOWERED BY CHRIST, WE WALK TOGETHER WITH ALL WE SERVE." LFS HELPS PLACE CHILDREN IN LOVING FOSTER AND ADOPTIVE HOMES; PROVIDES COMPREHENSIVE SERVICES TO ADULTS WITH SPECIAL NEEDS; HELPS THOSE WITH SEVERE AND PERSISTENT MENTAL ILLNESS MANAGE SYMPTOMS; AIDS VETERANS IN REGAINING INDEPENDENCE; HELPS REFUGEES ACCLIMATE TO LIFE IN A NEW COUNTRY; COUNSELS FAMILIES IN THEIR TIME OF NEED AND MORE.
LFS OFFERS FAMILY AND THERAPEUTIC FOSTER CARE TO MEET THE SPECIAL PHYSICAL AND EMOTIONAL NEEDS OF VULNERABLE CHILDREN IN OUR CARE. SOME of these CHILDREN SUFFER FROM MEDICAL PROBLEMS SUCH AS FETAL...
LFS OFFERS FAMILY AND THERAPEUTIC FOSTER CARE TO MEET THE SPECIAL PHYSICAL AND EMOTIONAL NEEDS OF VULNERABLE CHILDREN IN OUR CARE. SOME of these CHILDREN SUFFER FROM MEDICAL PROBLEMS SUCH AS FETAL ALCOHOL SYNDROME AND DRUG ADDICTION. OLDER CHILDREN CAN HAVE EMOTIONAL AND BEHAVIORAL ISSUES AND ARE GIVEN COUNSELING WHEN NEEDED. MANY FAMILIES WILL HAVE THE OPPORTUNITY TO ADOPT WHEN REUNIFICATION WITH A CHILD'S BIOLOGICAL FAMILY IS NOT POSSIBLE. FINDING PERMANENT, SAFE, AND SUPPORTIVE FAMILIES FOR CHILDREN IS THE GOAL OF LFS FOSTER CARE.
LFS PROVIDES RESIDENTIAL SERVICES FOR ADULTS COPING WITH VARIOUS DEGREES OF AUTISM, DEVELOPMENTAL DISABILITY, MENTAL ILLNESS, AND SYMPTOMS RESULTING FROM TRAUMATIC BRAIN INJURY. SELF-SUFFICIENCY IS...
LFS PROVIDES RESIDENTIAL SERVICES FOR ADULTS COPING WITH VARIOUS DEGREES OF AUTISM, DEVELOPMENTAL DISABILITY, MENTAL ILLNESS, AND SYMPTOMS RESULTING FROM TRAUMATIC BRAIN INJURY. SELF-SUFFICIENCY IS TAUGHT AND ENCOURAGED IN THESE HOMES, THOUGH MANY CLIENTS WILL LIVE OUT THEIR LIVES WITH LFS.
OTHER PROGRAM SERVICES INCLUDE ADOPTION, COUNSELING, REFUGEE, COMMUNITY - BASED PARTNERSHIP INITIATIVES AND DISASTER RESPONSE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $44,812,986 | $36,973,024 | +0.2% |
| Expenses | $44,377,943 | $34,755,855 | +0.3% |
| Net Income | $435,043 | $2,217,169 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Ted Goins | President/CEO | 1.0 |
Officer
Director
|
$0 | $13,158 | $429,211 |
| Anna Yonge | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Brian Van Horn | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Capri Foy | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Cary M Grant | Vice Chair | 1.0 |
Director
|
$0 | $0 | $0 |
| David Turner | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Doug Nelson | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Frances R Lamb | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Gregory Hudgins | Chair | 1.0 |
Director
|
$0 | $0 | $0 |
| Hoang Nguyen | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Joel Miller | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Kaye R Leonard | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Mary Finklea | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Renee Rogers | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Rick Herman | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Shanitria Cuthbertson | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Sharon Graeber | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Sylvia Flack | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Tami Hefner | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Will Rose | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Karen Maddry | Sexretary | 1.0 |
Officer
|
$0 | $10,047 | $94,526 |
| Kirby Nickerson | Chief Financial Officer | 1.0 |
Officer
|
$0 | $15,848 | $301,903 |
| Kesha Smith | Chief Operating Officer | 1.0 |
Key Emp
|
$0 | $14,715 | $295,440 |
| Myra Griffie | Vice President - Child & Family Services | 1.0 |
Key Emp
|
$0 | $7,410 | $170,052 |
| Arlene Miller | Physician | 40.0 |
Highest
|
$138,389 | $8,201 | $146,590 |
| Bethany Vause | Executive Director of Community & Rehab Services | 40.0 |
Highest
|
$116,642 | $9,015 | $125,657 |
| Jeffrey Demagistris | NC Executive Director: Child & Family Services | 40.0 |
Highest
|
$114,790 | $11,050 | $125,840 |
| Matthew Hembree | Executive Director - New Americans Program | 40.0 |
Highest
|
$104,577 | $8,022 | $112,599 |
| Sarah Quirk | Executive Clinical Director | 40.0 |
Highest
|
$117,710 | $10,120 | $127,830 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $44,812,986 | $44,377,943 | $13,426,425 | $435,043 |
| 2023 | $36,973,024 | $34,755,855 | $12,473,209 | $2,217,169 |
| 2022 | $32,059,111 | $28,472,961 | $8,076,707 | $3,586,150 |
| 2021 | $24,137,672 | $23,744,165 | $8,144,497 | $393,507 |
| 2020 | $24,278,785 | $23,671,225 | $6,264,447 | $607,560 |
| 2019 | $24,910,675 | $24,907,303 | $5,528,956 | $3,372 |
| 2018 | $24,638,745 | $24,957,586 | $5,427,109 | $-318,841 |
Compare Lutheran Family Services in the Carolinas with other nonprofits in North Carolina and across the country.