THE CHURCH OF GOD CHILDRENS HOME OF NORTH CAROLINA FOUNDATION

EIN: 853938071 501(c)(3) Religion

CONCORD, NC

Total Revenue
$180,967
Total Expenses
N/A
Total Assets
$2,501,233
Net Assets
$2,501,233
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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
2020
Principal Officer
KEN HUDSON
Phone
7047881164
Tax Period
2024-01-01 to 2024-12-31

THE CHURCH OF GOD CHILDRENS HOME OF NORTH CAROLINA FOUNDATION, founded in 2020, is a small nonprofit in the Religion sector that reported $181K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

TO PERFORM THE ENDOWMENT FUNCTIONS OF AND CARRY OUT THE PURPOSES OF THE CHURCH OF GOD CHILDREN'S HOME OF NORTH CAROLINA, INC.

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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 $0
Program Service Revenue $0
Investment Income $180,967
Other Revenue $0
TOTAL REVENUE $180,967

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $180,967 $190,756 -0.1%
Expenses N/A $812,099 -1.0%
Net Income N/A $-621,343 N/A
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
8
Independent Members
8
Employees
N/A
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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GILES ALMOND DIRECTOR N/A
Director
$0 $0 $0
KIP BOX VICE CHAIR N/A
Director
$0 $0 $0
DAVID HOSHOUR DIRECTOR N/A
Director
$0 $0 $0
KEN HUDSON PRESIDENT N/A
Officer Director
$0 $0 $0
JD HUDSON II DIRECTOR N/A
Director
$0 $0 $0
STEVE MORRISON DIRECTOR N/A
Director
$0 $0 $0
PAT PALMQUIST SECRETARY N/A
Officer Director
$0 $0 $0
MELVIN SHULER CHAIR N/A
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
2024 $180,967 No data $2,501,233 No data
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