HARVEST FREEWILL BAPTIST CHILDCARE MINISTRIES INC (EIN 621502141) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

NEWL DOTSON

Phone

2765464400

Tax Period

2024-01-01 to 2024-12-31

HARVEST FREEWILL BAPTIST CHILDCARE MINISTRIES INC, founded in 1993, is a community nonprofit in the Religion sector that reported $2.2M in total revenue in fiscal year 2018.

Mission

THE ORGANIZATION IS OPERATED AS A EMERGENCY SHELTER AND HOME FOR ABUSED, NEGLECTED AND TROUBLED CHILDREN OF SOUTHWEST VIRGINIA. IT PROVIDES SERVICES FOR THE LOCAL DEPARTMENTS OF SOCIAL SERVICES. IT IS PAID ON A FEE FOR SERVICE BASIS BY MEDICAID. IT ALSO RECEIVES FUNDING FROM MANY INDIVIDUALS AND LOCAL CHRUCHS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,426,217

Program Service Revenue $1,341,190

Investment Income $14,971

Other Revenue $0

TOTAL REVENUE $2,782,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,397,189

Fundraising Expenses $396,233

Program Expenses $1,917,219

Other Expenses $1,329,378

TOTAL EXPENSES $2,726,567

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,782,378	$2,586,023	+0.1%
Expenses	$2,726,567	$2,536,457	+0.1%
Net Income	$55,811	$49,566	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK MULLINS	Director	1.00	Director	$0	$0	$0
JENNIFER TONKIN	Director	1.00	Director	$0	$0	$0
LARRY ROBINSON	Director	1.00	Director	$0	$0	$0
CONNIE DORTON	Director	1.00	Director	$0	$0	$0
REBECCA ELKINS	Director	1.00	Director	$0	$0	$0
EDDIE OVERSTREET	Director	1.00	Director	$0	$0	$0
PAUL COLLINS	President	1.00	Officer Director	$0	$0	$0
JUDY VICARS	Secretary	1.00	Officer Director	$0	$0	$0
AUSTIN WOODS	Vice President	1.00	Officer Director	$0	$0	$0
JOE CANTRELL	Director	1.00	Director	$0	$0	$0
MARVIN EGAN	Director	1.00	Director	$0	$0	$0
BECKY OAKES	Director	1.00	Director	$0	$0	$0
NEWL DOTSON	EXECUTIVE DIRECTOR	50.00		$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	No data	No data	No data	No data
2024	$2,782,378	$2,726,567	$2,945,540	$55,811
2023	$2,586,023	$2,536,457	$2,937,995	$49,566
2022	$2,539,993	$2,312,016	$3,151,122	$227,977
2021	$2,487,738	$2,113,579	$3,060,593	$374,159
2020	$2,111,785	$2,115,259	$3,007,397	$-3,474
2019	$2,296,541	$2,133,815	$2,924,256	$162,726
2018	$2,183,566	$2,160,286	$2,855,127	$23,280

HARVEST FREEWILL BAPTIST CHILDCARE MINISTRIES INC