Patrick Henry Family Services

The information on this page was last updated 2/14/2023. If you see errors or omissions, please email: [email protected]


Summary

With so many lacking support, families are feeling helpless. We connect you with the care, counseling, and community resources needed to find relief and restore hope.


Contact information

Mailing address:
Patrick Henry Family Services
1621 Enterprise Dr
Lynchburg, VA 24502

Website: patrickhenry.org

Phone: 434-376-2006

Email: [email protected]


Organization details

EIN: 540660819

CEO/President: Robert Day

Chairman: Brandon S Osterbind, Esq.

Board size: 20

Founder:

Ruling year: 1963

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2019


Purpose

Every child in a thriving family, supported by a faithful community.


Mission statement

To build communities of faithful relationships that ensure children are safe, and families are restored.


Statement of faith

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating263 of 109133 of 142
Fund acquisition rating285 of 109435 of 142
Resource allocation rating9 of 10943 of 142
Asset utilization rating871 of 1091113 of 142

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%2%3%7%44%36%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%1%2%7%17%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%52%64%89%40%26%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%1%4%16%15%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%48%36%11%60%74%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%95%86%67%66%70%
Spending ratio Spending ratio =
Total expenses /
Total revenue
90%130%52%41%118%84%
Program output ratio Program output ratio =
Program services /
Total revenue
72%124%44%27%78%59%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
10%-30%48%59%-18%16%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
13%-2%6%13%-2%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%4%10%17%19%19%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.860.080.060.090.110.11
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.631.061.061.131.201.21
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.550.080.070.100.140.13
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
16.961794.875390.84704.06724.871022.34
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.000.000.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.94143.27180.26115.9988.5089.21
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%0%0%1%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%1%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
104%1265%1587%1081%884%897%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$797,680$1,367,767$2,026,990$1,385,025$504,049
Receivables, inventories, prepaids$21,016$179,592$148,623$191,003$177,987
Short-term investments$51,178,688$59,627,928$45,781,294$36,442,786$38,263,157
Other current assets$0$0$0$0$0
Total current assets$51,997,384$61,175,287$47,956,907$38,018,814$38,945,193
Long-term investments$0$0$0$0$0
Fixed assets$2,662,005$2,956,370$2,804,919$4,067,842$4,735,365
Other long-term assets$436,750$519,378$3,514,919$3,526,227$3,344,343
Total long-term assets$3,098,755$3,475,748$6,319,838$7,594,069$8,079,708
Total assets$55,096,139$64,651,035$54,276,745$45,612,883$47,024,901
 
Liabilities20222021202020192018
Payables and accrued expenses$28,970$11,348$68,115$52,449$38,094
Other current liabilities$0$0$0$0$0
Total current liabilities$28,970$11,348$68,115$52,449$38,094
Debt$0$0$643,500$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$18,472$19,956$26,768$40,242$44,029
Total long-term liabilities$18,472$19,956$670,268$40,242$44,029
Total liabilities$47,442$31,304$738,383$92,691$82,123
 
Net assets20222021202020192018
Without donor restrictions$51,754,025$61,065,349$47,771,994$39,760,307$41,244,669
With donor restrictions$3,294,672$3,554,382$5,766,368$5,759,885$5,698,109
Net assets$55,048,697$64,619,731$53,538,362$45,520,192$46,942,778
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$1,741,172$5,018,037$10,768,823$1,718,985$1,643,263
Program service revenue$19,368$797,935$700,283$645,075$689,441
Membership dues$0$0$0$0$0
Investment income$1,541,718$2,057,378$628,085$1,959,435$3,874,404
Other revenue$39,822$21,988$17,478$24,031$19,245
Total other revenue$1,600,908$2,877,301$1,345,846$2,628,541$4,583,090
Total revenue$3,342,080$7,895,338$12,114,669$4,347,526$6,226,353
 
Expenses20222021202020192018
Program services$4,128,459$3,501,228$3,320,716$3,397,597$3,652,617
Management and general$189,750$398,369$829,973$996,956$992,329
Fundraising$34,431$172,182$803,709$753,528$588,531
Total expenses$4,352,640$4,071,779$4,954,398$5,148,081$5,233,477
 
Change in net assets20222021202020192018
Surplus (deficit)($1,010,560)$3,823,559$7,160,271($800,555)$992,876
Other changes in net assets$0$0$0$0$0
Total change in net assets($1,010,560)$3,823,559$7,160,271($800,555)$992,876

Compensation

Compensation data for this ministry has not been collected.


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 2/14/2023. To update the information below, please email: [email protected]


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