SHERWOOD & MYRTIE FOSTER'S HOME FOR CHILDREN (EIN 751377874) - Form 990 Financial Analysis & Trantor Score

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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

1972

Legal Domicile

Principal Officer

DOUG YOUNG

Phone

2549682143

Tax Period

2024-09-01 to 2025-08-31

SHERWOOD & MYRTIE FOSTER'S HOME FOR CHILDREN, founded in 1972, is a mid-sized nonprofit that reported $15.4M in total revenue in fiscal year 2024. Revenue surged 113% from the prior year, signaling strong growth momentum. Expenses of $13.4M left a modest 13% surplus.

Mission

TO PROVIDE CHILD CARE AND FOSTER CARE CHILD PLACEMENT

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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 $14,442,453

Program Service Revenue $720,484

Investment Income $135,703

Other Revenue $144,581

TOTAL REVENUE $15,443,221

Expense Breakdown

Grants Paid $8,432,000

Salaries & Benefits $2,755,937

Fundraising Expenses $440,549

Program Expenses $10,836,588

Other Expenses $2,182,859

TOTAL EXPENSES $13,370,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,443,221	$7,238,425	+1.1%
Expenses	$13,370,796	$7,418,879	+0.8%
Net Income	$2,072,425	$-180,454	-12.5%

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

168

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

$640,425

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG YOUNG	PRESIDENT/CEO	40.00	Officer	$129,750	$22,894	$152,644
MICHAEL WARREN	VICE PRESIDENT	40.00	Officer	$80,075	$8,265	$88,340
HARRIETT FRAZIER	VICE PRESIDENT	40.00	Officer	$91,873	$20,175	$112,048
MICHELLE RUDLOFF	VICE PRESIDENT/TREASURER	40.00	Officer	$77,333	$19,469	$96,802
ASHLEY HALL	VICE PRESIDENT	40.00	Officer	$83,214	$19,066	$102,280
ANDREW BREWER	VICE PRESIDENT	40.00	Officer	$69,690	$18,621	$88,311
MELANIE WARREN	SECRETARY	40.00	Officer	$0	$0	$0
MIKE BLEVINS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PHIL UHRHAN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CHAD GILLEY	DIRECTOR	1.00	Director	$0	$0	$0
LANE LANIER	DIRECTOR	1.00	Director	$0	$0	$0
BO COX	DIRECTOR	1.00	Director	$0	$0	$0
DARLA DOTY	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN HEROD	DIRECTOR	1.00	Director	$0	$0	$0
JEFF JEFFRIES	DIRECTOR	1.00	Director	$0	$0	$0
EARL KRIEG	DIRECTOR	1.00	Director	$0	$0	$0
CLINTON NIX	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PARKER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN TERRILL	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	$15,443,221	$13,370,796	$11,663,503	$2,072,425
2024	$7,238,425	$7,418,879	$9,737,691	$-180,454
2023	$3,346,136	$4,190,742	$10,108,868	$-844,606
2022	$3,602,180	$4,212,126	$10,731,570	$-609,946
2021	$5,786,613	$5,618,436	$11,331,747	$168,177
2020	$4,736,854	$4,374,188	$11,328,220	$362,666
2019	$5,199,721	$4,736,917	$10,799,368	$462,804
2018	$4,484,210	$4,043,963	$10,330,601	$440,247

SHERWOOD & MYRTIE FOSTER'S HOME FOR CHILDREN