CHEROKEE CHILDREN'S HOME INC

EIN: 570843347 501(c)(3) Human Services

GAFFNEY, SC

Total Revenue
$1,019,796
Total Expenses
$823,207
Total Assets
$3,883,769
Net Assets
$3,856,240
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
SC
Principal Officer
SHARON GOFORTH
Phone
8644870177
Tax Period
2024-10-01 to 2025-09-30

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 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $197K, a strong 19% operating margin.

Mission

GROUP HOME PROVIDING LONG TERM AND EMERGENCY CARE TO YOUTH IN THE CARE OF THE SOUTH CAROLINA DEPARTMENT OF SOCIAL SERVICES SERVING YOUTH AGES 13-20.

Program Service Accomplishments

Program 1
Expenses: $714,777 Revenue: $688,932

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

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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 (2024)

Revenue Breakdown

Contributions & Grants $185,320
Program Service Revenue $668,932
Investment Income $165,544
Other Revenue $0
TOTAL REVENUE $1,019,796

Expense Breakdown

Grants Paid $0
Salaries & Benefits $564,642
Fundraising Expenses $2,668
Program Expenses $714,777
Other Expenses $258,565
TOTAL EXPENSES $823,207

Year-over-Year Comparison

2024 2023 Change
Revenue $1,019,796 $692,119 +0.5%
Expenses $823,207 $786,193 +0.0%
Net Income $196,589 $-94,074 -3.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
23
Volunteers
6

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
4
$59,854
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON GOFORTH EXECUTIVE DI 40.00
Officer
$59,854 $0 $59,854
TERRA BROWN DIRECTOR 1.00
Director
$0 $0 $0
TERRI BURNS DIRECTOR 1.00
Director
$0 $0 $0
SL FORD DIRECTOR 1.00
Director
$0 $0 $0
CLAUDIA FOWLER VICE CHAIRRM 1.00
Officer Director
$0 $0 $0
GAIL HAMRICK DIRECTOR 1.00
Director
$0 $0 $0
DAVID HOGUE DIRECTOR 1.00
Director
$0 $0 $0
LORETTA HOLMES DIRECTOR 1.00
Director
$0 $0 $0
DEBRA KESLER 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
JANET QUEEN DIRECTOR 1.00
Director
$0 $0 $0
JIMMY RANDOLPH BOARD CHAIRM 1.00
Officer Director
$0 $0 $0
DAVID TONEY DIRECTOR 1.00
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
2025 $1,019,796 $823,207 $3,883,769 $196,589
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
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