SALEM CHRISTIAN HOMES INC

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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

1961

Legal Domicile

Principal Officer

ROD BOLLINS

Phone

9096140575

Tax Period

2024-07-01 to 2025-06-30

SALEM CHRISTIAN HOMES INC, founded in 1961, is a mid-sized nonprofit in the Human Services sector that reported $17.1M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $15.8M left a modest 8% surplus.

Mission

BOARD, CARE AND TRAINING OF PHYSICALLY AND MENTALLY HANDICAPPED ADULTS.

Program Service Accomplishments

Program 1

Expenses: $11,488,971 Revenue: $12,856,177

SALEM CHRISTIAN HOMES OFFERS RESIDENTIAL CARE AND TRAINING FOR ADULTS WHO HAVE DEVELOPMENTAL DISABILITIES. WE PROVIDE CARE IN BOTH INTERMEDIATE CARE FACILITIES AND COMMUNITY CARE FACILITIES. SEVEN OF OUR ICF HOMES ARE HABILITATIVE LEVEL AND ONE IS A NURSING LEVEL HOME. OUR COMMUNITY CARE FACILITIES ARE LEVELS 3 THROUGH 6. DURING THE YEAR WE SERVED APPROXIMATELY 111 RESIDENTS IN OUR FACILITIES. BELIEVING EACH PERSON IS CREATED IN GOD'S IMAGE, WE STRIVE TO ENHANCE THE QUALITY OF LIFE FOR THOSE WE SERVE BY SUPPORTING AND ENCOURAGING EACH RESIDENT TOWARDS GREATER INDEPENDENCE.

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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 $4,294,933

Program Service Revenue $12,856,177

Investment Income $47,110

Other Revenue $-81,341

TOTAL REVENUE $17,116,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,467,825

Fundraising Expenses $482,898

Program Expenses $11,488,971

Other Expenses $3,301,335

TOTAL EXPENSES $15,769,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,116,879	$13,918,688	+0.2%
Expenses	$15,769,160	$14,848,837	+0.1%
Net Income	$1,347,719	$-930,149	-2.4%

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

292

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

$226,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE MCNICHOLS	PRESIDENT	1.00	Officer Director	$0	$0	$0
TED ROBINSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HENRY WIND	SECRETARY	1.00	Officer Director	$0	$0	$0
LORETTA SCHEENSTRA	DIRECTOR	1.00	Director	$0	$0	$0
ELSA STOUT	DIRECTOR	1.00	Director	$0	$0	$0
JIM WEST	DIRECTOR	1.00	Director	$0	$0	$0
STAN KLOPFENSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
JOE PRESTELLA	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH FREENO	DIRECTOR (THRU 12/2024)	1.00	Director	$0	$0	$0
SCOTT KUETHEN	DIRECTOR (THRU 07/2024)	1.00	Director	$0	$0	$0
BOB DE JONG	DIRECTOR	1.00	Director	$0	$0	$0
REGINA BEKENDAM	DIRECTOR (THRU 12/2024)	1.00	Director	$0	$0	$0
TIM SCHRADER	DIRECTOR (THRU 12/2024)	1.00	Director	$0	$0	$0
ROD BOLLINS	CEO	40.00	Officer	$188,971	$37,929	$226,900
ITIOLA ADESIGBIN	RESIDENTIAL CARE MANAGER	40.00	Highest	$111,340	$9,811	$121,151
BRENDA NAJAR	RESIDENTIAL CARE MANAGER	40.00	Highest	$109,925	$10,663	$120,588
MICHAEL KILEDJIAN	DIRECTOR OF DEVELOPMENT	40.00	Highest	$126,321	$27,009	$153,330
SUSAN HOWERZYL	RN SUPERVISOR	40.00	Highest	$116,404	$6,984	$123,388
ANAT LYON	RN	40.00	Highest	$109,358	$14,198	$123,556

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	$17,116,879	$15,769,160	$9,905,122	$1,347,719
2024	$13,918,688	$14,848,837	$8,745,955	$-930,149
2023	$13,021,890	$12,694,903	$9,080,285	$326,987
2022	$11,822,668	$10,964,991	$8,434,691	$857,677
2021	$10,873,976	$10,932,680	$7,925,282	$-58,704
2020	$8,854,011	$8,379,425	$8,688,190	$474,586
2019	$8,501,109	$8,253,534	$7,993,054	$247,575
2018	$7,982,917	$7,411,097	$7,804,157	$571,820