Patrick Henry Family Services

The information on this page was last updated 1/23/2024. 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 rating241 of 110428 of 122
Fund acquisition rating244 of 110527 of 122
Resource allocation rating2 of 11051 of 122
Asset utilization rating871 of 110491 of 122

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%1%2%3%7%44%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%0%1%2%7%17%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%48%52%64%89%40%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%1%4%16%15%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%52%48%36%11%60%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%100%95%86%67%66%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%142%130%52%41%118%
Program output ratio Program output ratio =
Program services /
Total revenue
75%141%124%44%27%78%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-42%-30%48%59%-18%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%-2%-2%6%13%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%0%4%10%17%19%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.840.080.080.060.090.11
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.741.051.061.061.131.20
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.720.090.080.070.100.14
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.0710792.771794.875390.84704.06724.87
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.000.000.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.27140.05143.27180.26115.9988.50
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%0%0%0%1%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%1%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
101%1229%1265%1587%1081%884%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$724,321$797,680$1,367,767$2,026,990$1,385,025
Receivables, inventories, prepaids$21,607$21,016$179,592$148,623$191,003
Short-term investments$53,228,726$51,178,688$59,627,928$45,781,294$36,442,786
Other current assets$0$0$0$0$0
Total current assets$53,974,654$51,997,384$61,175,287$47,956,907$38,018,814
Long-term investments$0$0$0$0$0
Fixed assets$2,458,172$2,662,005$2,956,370$2,804,919$4,067,842
Other long-term assets$437,329$436,750$519,378$3,514,919$3,526,227
Total long-term assets$2,895,501$3,098,755$3,475,748$6,319,838$7,594,069
Total assets$56,870,155$55,096,139$64,651,035$54,276,745$45,612,883
 
Liabilities20232022202120202019
Payables and accrued expenses$5,001$28,970$11,348$68,115$52,449
Other current liabilities$0$0$0$0$0
Total current liabilities$5,001$28,970$11,348$68,115$52,449
Debt$0$0$0$643,500$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$16,986$18,472$19,956$26,768$40,242
Total long-term liabilities$16,986$18,472$19,956$670,268$40,242
Total liabilities$21,987$47,442$31,304$738,383$92,691
 
Net assets20232022202120202019
Without donor restrictions$53,281,247$51,754,025$61,065,349$47,771,994$39,760,307
With donor restrictions$3,566,921$3,294,672$3,554,382$5,766,368$5,759,885
Net assets$56,848,168$55,048,697$64,619,731$53,538,362$45,520,192
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$1,557,662$1,741,172$5,018,037$10,768,823$1,718,985
Program service revenue$95,425$19,368$797,935$700,283$645,075
Membership dues$0$0$0$0$0
Investment income$1,470,515$1,541,718$2,057,378$628,085$1,959,435
Other revenue$140,457$39,822$21,988$17,478$24,031
Total other revenue$1,706,397$1,600,908$2,877,301$1,345,846$2,628,541
Total revenue$3,264,059$3,342,080$7,895,338$12,114,669$4,347,526
 
Expenses20232022202120202019
Program services$4,604,180$4,128,459$3,501,228$3,320,716$3,397,597
Management and general$10,863$189,750$398,369$829,973$996,956
Fundraising$9,354$34,431$172,182$803,709$753,528
Total expenses$4,624,397$4,352,640$4,071,779$4,954,398$5,148,081
 
Change in net assets20232022202120202019
Surplus (deficit)($1,360,338)($1,010,560)$3,823,559$7,160,271($800,555)
Other changes in net assets$0$0$0$0$0
Total change in net assets($1,360,338)($1,010,560)$3,823,559$7,160,271($800,555)

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 1/23/2024. To update the information below, please email: [email protected]


History


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