RUTHERFORD COUNTY HABITAT FOR HUMANITY INC

EIN: 561581336 501(c)(3)

RUTHERFORDTON, NC

Total Revenue
$2,836,879
Total Expenses
$2,441,117
Total Assets
$5,117,370
Net Assets
$4,142,998
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NC
Principal Officer
KIM FREEMAN
Phone
8282483178
Tax Period
2023-07-01 to 2024-06-30

RUTHERFORD COUNTY HABITAT FOR HUMANITY INC, founded in 1987, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 112% from the prior year, signaling strong growth momentum. Expenses of $2.4M left a modest 14% surplus.

Mission

TO ELIMINATE SUBSTANDARD HOUSING AND BUILD SAFE, DECENT, AND AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $938,248
Program Service Revenue $1,836,243
Investment Income $22,950
Other Revenue $39,438
TOTAL REVENUE $2,836,879

Expense Breakdown

Grants Paid $0
Salaries & Benefits $492,710
Fundraising Expenses $8,382
Program Expenses $1,977,235
Other Expenses $1,948,407
TOTAL EXPENSES $2,441,117

Year-over-Year Comparison

2023 2022 Change
Revenue $2,836,879 $1,337,230 +1.1%
Expenses $2,441,117 $887,176 +1.8%
Net Income $395,762 $450,054 -0.1%
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
12
Independent Members
12
Employees
20
Volunteers
1086

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
5
$80,592
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THAMAR ANTONIE PRESIDENT 2.00
Officer Director
$0 $0 $0
DOUG BARRICK VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
DAVID LESLIE TREASURER 2.00
Officer Director
$0 $0 $0
DOROTHY BRISTOL SECRETARY 2.00
Officer Director
$0 $0 $0
JIM BISHOP BOARD MEMBER 1.00
Director
$0 $0 $0
LARRY BLANTON BOARD MEMBER 1.00
Director
$0 $0 $0
PRISCILLA DOWNS BOARD MEMBER 1.00
Director
$0 $0 $0
WENDY SANDERS BOARD MEMBER 1.00
Director
$0 $0 $0
BOB BOURNE BOARD MEMBER 1.00
Director
$0 $0 $0
KIM ROBERSON BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA THOMPSON BOARD MEMBER 1.00
Director
$0 $0 $0
MIA CHAPMAN BOARD MEMBER 1.00
Director
$0 $0 $0
DONNELL SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
DONNIE HENSLEY BOARD MEMBER 1.00
Director
$0 $0 $0
DENICE FORNEY BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE HAGER BOARD MEMBER 1.00
Director
$0 $0 $0
AKI MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
JORDAN CROWE BOARD MEMBER 1.00
Director
$0 $0 $0
NICHOLE DUBS BOARD MEMBER 1.00
Director
$0 $0 $0
KIM FREEMAN EXECUTIVE DIRECTOR 40.00
Officer
$80,592 $0 $80,592
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 $2,836,879 $2,441,117 $5,117,370 $395,762
2023 $1,337,230 $887,176 $4,502,170 $450,054
2022 $2,526,331 $1,629,527 $4,047,495 $896,804
2021 $914,519 $653,159 $3,095,666 $261,360
2020 $975,335 $848,047 $2,920,203 $127,288
2019 $823,004 $932,307 $2,734,798 $-109,303
2018 $720,530 $794,505 $3,705,781 $-73,975
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