FAMILY CARE CENTER OF CATAWBA VALL… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

RACHEL HECK

Phone

8283249917

Tax Period

2024-01-01 to 2024-12-31

FAMILY CARE CENTER OF CATAWBA VALLEY INC, founded in 1993, is a small nonprofit in the Human Services sector that reported $548K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $471K left a modest 14% surplus.

Mission

THE ORGANIZATION SERVES HOMELESS FAMILIES WITH DEPENDENT CHILDREN THROUGH AN EMERGENCY AND TRANSITIONAL RESIDENTIAL PROGRAM. THE CENTER OFFERS PHYSICAL, EMOTIONAL, SOCIAL AND EDUCATIONAL SERVICES TO ASSIST FAMILIES IN THE TRANSITION TO BECOMING SELF-SUFFICIENT.

Program Service Accomplishments

Program 1

Expenses: $376,983

PROVIDED TEMPORARY SHELTER TO HOMELESS FAMILIES WITH DEPENDENT CHILDREN. SERVED 145 PEOPLE.

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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 $453,060

Program Service Revenue $0

Investment Income $40,358

Other Revenue $54,698

TOTAL REVENUE $548,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,322

Fundraising Expenses $6,324

Program Expenses $376,983

Other Expenses $294,631

TOTAL EXPENSES $470,953

Year-over-Year Comparison

	2024	2023	Change
Revenue	$548,116	$750,680	-0.3%
Expenses	$470,953	$492,836	0.0%
Net Income	$77,163	$257,844	-0.7%

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

120

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

$58,976

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACOB ADKINS	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
MINDY BOLICK	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER FORRESTER	DIRECTOR	2.00	Director	$0	$0	$0
DEBRA BYRD	DIRECTOR	2.00	Director	$0	$0	$0
JAY ROBISON	DIRECTOR	2.00	Director	$0	$0	$0
MEGHAN YOUNG	DIRECTOR	2.00	Director	$0	$0	$0
MARK HUEGERICH	TREASURER	2.00	Officer Director	$0	$0	$0
SHANA WHITE	DIRECTOR	2.00	Director	$0	$0	$0
WEN TATE	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID ROCKETT	DIRECTOR	2.00	Director	$0	$0	$0
MARSHA DIAMONTI	DIRECTOR	2.00	Director	$0	$0	$0
CLAY ABERNATHY	SECRETARY	2.00	Officer Director	$0	$0	$0
HUNT SHUFORD	DIRECTOR	2.00	Director	$0	$0	$0
KELI OSBORNE	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL HECK	EXEC DIRECTOR	40.00	Officer	$58,976	$0	$58,976

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
2024	$548,116	$470,953	$2,529,758	$77,163
2023	$750,680	$492,836	$2,461,148	$257,844
2022	$748,263	$672,667	$2,208,264	$75,596
2021	$1,600,492	$1,466,954	$2,149,950	$133,538
2020	$1,211,281	$1,149,682	$2,046,012	$61,599
2019	$457,840	$426,578	$1,960,330	$31,262

FAMILY CARE CENTER OF CATAWBA VALLEY INC