CHEROKEE CHILDREN'S HOME INC (EIN 570843347) - Form 990 Financial Analysis & Trantor Score

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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

1986

Legal Domicile

Principal Officer

SHARON GOFORTH

Phone

8644870177

Tax Period

2022-10-01 to 2023-09-30

CHEROKEE CHILDREN'S HOME INC, founded in 1986, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2022. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $188K, a strong 19% operating margin.

Mission

GROUP HOME PROVIDING LONG TERM AND EMERGENCY CARE TO CHILDREN IN THE CARE OF SOUTH CAROLINA DEPARTMENT OF SOCIAL SERVICES SERVING CHILDREN AGE SEVEN THROUGH SEVENTEEN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $547,056

Program Service Revenue $356,466

Investment Income $94,754

Other Revenue $5,443

TOTAL REVENUE $1,003,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $592,185

Fundraising Expenses $2,674

Program Expenses $725,055

Other Expenses $223,110

TOTAL EXPENSES $815,295

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,003,719	$783,359	+0.3%
Expenses	$815,295	$783,717	+0.0%
Net Income	$188,424	$-358	-527.3%

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

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

$58,454

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON GOFORTH	EXECUTIVE DI	40.00	Officer	$58,454	$0	$58,454
MERV BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
TERRA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIA FOWLER	VICE CHAIRRM	1.00	Officer Director	$0	$0	$0
BROOKE HAMRICK	DIRECTOR	1.00	Director	$0	$0	$0
GAIL HAMRICK	DIRECTOR	1.00	Director	$0	$0	$0
LORETTA HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA KESSLER	TREASURER	1.00	Officer Director	$0	$0	$0
TONY LAVENDER	DIRECTOR	1.00	Director	$0	$0	$0
SHELLIE LEARY	DIRECTOR	1.00	Director	$0	$0	$0
KAREN LYDON	SECRETARY	1.00	Officer Director	$0	$0	$0
BRANDY MCBEE	DIRECTOR	1.00	Director	$0	$0	$0
JANET QUEEN	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY RANDOLPH	BOARD CHAIRM	1.00	Officer Director	$0	$0	$0
ALEX TRAMMELL	DIRECTOR	1.00	Director	$0	$0	$0
DR KERWIN A WRAY	DIRECTOR	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$1,003,719	$815,295	$3,259,629	$188,424
2022	$783,359	$783,717	$2,893,886	$-358
2021	$820,057	$759,473	$3,365,795	$60,584
2020	$745,486	$773,774	$3,146,958	$-28,288
2019	$908,142	$746,241	$3,057,363	$161,901
2018	$925,327	$729,406	$2,867,383	$195,921

CHEROKEE CHILDREN'S HOME INC