BOYS & GIRLS HOMES OF NC INC

EIN: 581387871 501(c)(3) Human Services

LAKE WACCAMAW, NC

Total Revenue
$10,787,995
Total Expenses
$12,385,489
Total Assets
$28,137,834
Net Assets
$26,630,515
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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
1995
Legal Domicile
NC
Principal Officer
JANICE TOPOREK
Phone
9106463083
Tax Period
2024-07-01 to 2025-06-30

BOYS & GIRLS HOMES OF NC INC, founded in 1995, is a mid-sized nonprofit in the Human Services sector that reported $10.8M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $12.4M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE OUT-OF-HOME CARE FOR AT-RISK CHILDREN IN RESIDENTIAL CARE, FAMILY FOSTER CARE AND ADOPTION. THE PROGRAM OF CARE INCLUDES EDUCATIONAL, SOCIAL AND SPIRITUAL DEVELOPMENT.

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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 $7,648,361
Program Service Revenue $1,377,533
Investment Income $565,700
Other Revenue $1,196,401
TOTAL REVENUE $10,787,995

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,217,072
Fundraising Expenses $122,522
Program Expenses $11,403,962
Other Expenses $5,168,417
TOTAL EXPENSES $12,385,489

Year-over-Year Comparison

2024 2023 Change
Revenue $10,787,995 $11,476,114 -0.1%
Expenses $12,385,489 $11,562,964 +0.1%
Net Income $-1,597,494 $-86,850 +17.4%
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
22
Independent Members
22
Employees
165
Volunteers
N/A

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK BENTON TREASURER N/A
Director
$0 $0 $0
GARY COOPER CHAIRPERSON N/A
Director
$0 $0 $0
JESS HILL VICE-CHAIRPE N/A
Director
$0 $0 $0
NANCY SIGMON SECRETARY N/A
Director
$0 $0 $0
JOHN COBB CHIEF SAFETY N/A
Officer
$0 $0 $0
CATHY GANTZ CHIEF ACADEM N/A
Officer
$0 $0 $0
MARC MURPHY PRESIDENT N/A
Officer
$0 $0 $0
JANICE TOPOREK CFO N/A
Officer
$0 $0 $0
DONNA YALCH CHIEF PROGRA N/A
Officer
$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 $10,787,995 $12,385,489 $28,137,834 $-1,597,494
2024 $11,476,114 $11,562,964 $28,111,789 $-86,850
2023 $11,344,911 $11,569,948 $28,665,013 $-225,037
2022 $18,368,279 $13,147,713 $27,444,905 $5,220,566
2021 $12,465,259 $11,383,682 $23,300,199 $1,081,577
2020 $10,092,142 $10,777,660 $22,199,366 $-685,518
2019 $12,041,493 $11,179,295 $21,363,485 $862,198
2018 $11,432,964 $10,659,747 $20,578,903 $773,217
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