Ronald McDonald House Charities of Knoxville TN Inc

EIN: 581510276 501(c)(3) Health Care

Knoxville, TN

Total Revenue
$1,357,421
Total Expenses
$1,219,154
Total Assets
$12,841,861
Net Assets
$12,822,296
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
TN
Principal Officer
Jo Ann Goodrich
Phone
8656377475
Tax Period
2024-01-01 to 2024-12-31

Ronald McDonald House Charities of Knoxville TN Inc, founded in 1983, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 10% surplus.

Mission

We offer temporary lodging for families having critically ill children. See page Part III for more information.

Program Service Accomplishments

Program 1
Expenses: $615,185 Revenue: $0

Our Main Purpose - Housing Families: The Ronald McDonald House offers temporary lodging for families having critically ill children, 21 years of age or younger, being treated in area hospitals. In...

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Our Main Purpose - Housing Families: The Ronald McDonald House offers temporary lodging for families having critically ill children, 21 years of age or younger, being treated in area hospitals. In our thirty-nine years of operation we have served approximately 60,400 people. Beside the obvious financial advantage of staying at our home-away-from-home where we gladly waive the $5.00 per night requested donation if it is prohibitive, there is the additional benefit of meeting other families who are experiencing similar medical problems with their children. Its a place where they can draw additional comfort and support from friendships that are born here. In addition to lodging, our supportive community helps provide all the comforts of home such as food, laundry facilities, transportation,free wi-fi...all of which are included in their stay. We can accomodate 65 people or 15 families in the two houses we operate. By years end, we had received referrals from three different medical facilities that represented families from 17 various states and 41 counties from across Tennessee. What brought these people to our doors? The most prevalent reasons were newborn complications such as prematurity and respiratory issues, cancer, and brain and spinal issues. There were as manyother medical conditions that also brought families. Although we have no length of stay restrictions, the average length of stay was 9 days. As long as a child is hospitalized, family members including extended family and siblings have been welcome.

Program 2
Expenses: $265,990 Revenue: $0

Our Secondary Purpose - Grantmaking: One of the hallmarks of the McDonalds corporation over the years has been their unqualified commitment to children. As a legacy to McDonalds founder, Ray Kroc...

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Our Secondary Purpose - Grantmaking: One of the hallmarks of the McDonalds corporation over the years has been their unqualified commitment to children. As a legacy to McDonalds founder, Ray Kroc, Ronald McDonald Childrens Charities or RMCC was founded to champion philanthropic groups worldwide that were dedicated to the betterment of children. In an effort to streamline their organization to make a greater impact on a local level, the Global McDonalds office requested that RMCC and Ronald McDonald Houses across the country consolidate which was the genesis of Ronald McDonald House Charities of Knoxville, TN, Inc. in 1996. Funding and operating the Knoxville Ronald McDonald House will always remain the number one priority of the non-profit and monies raised under the auspices of supporting the Ronald McDonald House will be used exclusively for that purpose and are maintained in a separate account.

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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 $1,238,221
Program Service Revenue $0
Investment Income $8,142
Other Revenue $111,058
TOTAL REVENUE $1,357,421

Expense Breakdown

Grants Paid $207,882
Salaries & Benefits $560,473
Fundraising Expenses $137,324
Program Expenses $881,175
Other Expenses $450,799
TOTAL EXPENSES $1,219,154

Year-over-Year Comparison

2024 2023 Change
Revenue $1,357,421 $985,156 +0.4%
Expenses $1,219,154 $1,063,084 +0.1%
Net Income $138,267 $-77,928 -2.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
25
Independent Members
25
Employees
16
Volunteers
1134

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
$0
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stacey Bristow President 5.00
Officer Director
$0 $0 $0
Justin Israel Vice President 5.00
Officer Director
$0 $0 $0
Laura Barnes Secretary 5.00
Officer Director
$0 $0 $0
Jo Ann Goodrich Treasurer 5.00
Officer Director
$0 $0 $0
Lynn Arnwine Director 5.00
Director
$0 $0 $0
Mark Brodd Director 5.00
Director
$0 $0 $0
Joe Burger III Director 5.00
Director
$0 $0 $0
Jeff Allen Director 5.00
Director
$0 $0 $0
Bill Coley Director 5.00
Director
$0 $0 $0
Joe Childs Director 5.00
Director
$0 $0 $0
Eric Cochraqn Director 5.00
Director
$0 $0 $0
Jake Faris Director 5.00
Director
$0 $0 $0
Cheryl Cooper Director 5.00
Director
$0 $0 $0
Ryan Edens Director 5.00
Director
$0 $0 $0
Julie Howard Director 5.00
Director
$0 $0 $0
Joanne Huddleston Director 5.00
Director
$0 $0 $0
Philip Icuss Director 5.00
Director
$0 $0 $0
Malinda Harris Director 5.00
Director
$0 $0 $0
Keri Lattimore Director 5.00
Director
$0 $0 $0
Carney Ivy Director 5.00
Director
$0 $0 $0
Bill Terry Director 5.00
Director
$0 $0 $0
Rebecca Pierce Director 5.00
Director
$0 $0 $0
Matt Schaefer Director 5.00
Director
$0 $0 $0
Stephanie Strutner Director 5.00
Director
$0 $0 $0
Blake Valentine Director 5.00
Director
$0 $0 $0
Sue Beverly Executive Director 40.00
Highest
$173,274 $0 $173,274
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 $1,357,421 $1,219,154 $12,841,861 $138,267
2023 $985,156 $1,063,084 $11,454,286 $-77,928
2022 $1,218,275 $909,386 $10,331,875 $308,889
2021 $944,662 $778,962 $11,250,146 $165,700
2020 $979,295 $798,563 $9,899,778 $180,732
2019 $731,806 $858,346 $8,619,134 $-126,540
2018 $415,188 $920,382 $7,741,034 $-505,194
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