Searcy Childrens Home Inc Sparrows… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

Andrew Baker

Phone

5012683243

Tax Period

2024-01-01 to 2024-12-31

Searcy Childrens Home Inc Sparrows Promise, founded in 1974, is a small nonprofit that reported $370K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $65K, a strong 18% operating margin.

Mission

PROVIDING HOPE FOR CHILDREN AND FAMILIES IN THE ARKANSAS CHILD WELFARE SYSTEM PROVIDE FOSTER CARE, SUPERVISED VISITATION SERVICES, A SAFE SPACE FOR CHILDREN TO REST WHILE WAITING ON A FOSTER FAMILY AND TRAINING FOR FOSTER FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $169,941

PLANTING SEEDS OF HOPE IN CHILDREN AND FAMILIES, PROVIDING TOOLS FOR SPIRITUAL, PHYSICAL, INTELLECTUAL, EMOTIONAL AND SOCIAL GROWTH THROUGH FOSTER CARE, ADOPTIONS AND MATERNITY SERVICES

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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 (2024)

Revenue Breakdown

Contributions & Grants $354,481

Program Service Revenue $0

Investment Income $15,941

Other Revenue $0

TOTAL REVENUE $370,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,905

Fundraising Expenses $45,128

Program Expenses $169,941

Other Expenses $173,197

TOTAL EXPENSES $305,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$370,422	$247,143	+0.5%
Expenses	$305,102	$275,966	+0.1%
Net Income	$65,320	$-28,823	-3.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jill Davis	Secretary	1.00	Director	$0	$0	$0
Kris Citty	Trustee	1.00	Director	$0	$0	$0
Shana Jones	Trustee	1.00	Director	$0	$0	$0
Daniel Hutcherson	Trustee	1.00	Director	$0	$0	$0
Kent Jobe	Trustee	1.00	Director	$0	$0	$0
Jim Miller	Trustee	1.00	Director	$0	$0	$0
Tammy Hall	Treasurer	1.00	Officer	$0	$0	$0
Andrew Baker	Chairman	1.00	Officer	$0	$0	$0
Todd Patton	Former VP	0.00		$0	$0	$0
Mike McGalliard	Former Trustee	0.00		$0	$0	$0
John Henderson	Former Trustee	0.00		$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
2024	$370,422	$305,102	$899,791	$65,320
2023	$247,143	$275,966	$837,401	$-28,823
2022	$393,674	$366,807	$844,736	$26,867
2021	$406,661	$361,478	$919,072	$45,183
2020	$411,774	$370,441	$817,420	$41,333
2019	$411,152	$355,731	$758,253	$55,421
2018	$338,119	$344,851	$637,915	$-6,732

Searcy Childrens Home Inc Sparrows Promise