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

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating957 of 109498 of 111
Fund acquisition rating754 of 109766 of 111
Resource allocation rating845 of 109793 of 111
Asset utilization rating826 of 109487 of 111

Financial ratios

Funding ratiosSector median20202019201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%7%44%66%48%40%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%7%17%14%13%13%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
89%89%40%21%26%31%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%16%15%10%11%10%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
11%11%60%79%74%69%
 
Operating ratiosSector median20202019201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%67%66%71%71%72%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%41%118%138%114%127%
Program output ratio Program output ratio =
Program services /
Total revenue
69%27%78%97%81%91%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%59%-18%-38%-14%-27%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
14%13%-2%-3%-1%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%17%19%19%18%18%
 
Investing ratiosSector median20202019201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.800.090.110.120.110.10
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.041.131.201.231.281.28
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.720.100.140.150.140.13
 
Liquidity ratiosSector median20202019201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.55704.06724.87873.52419.74476.83
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.090.000.000.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.95115.9988.5081.0185.5994.45
 
Solvency ratiosSector median20202019201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%1%0%0%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
1%1%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
103%1081%884%828%911%1006%

Financials

Balance sheet
 
Assets20202019201720162015
Cash$2,026,990$1,385,025$694,477$1,059,536$1,528,380
Receivables, inventories, prepaids$148,623$191,003$136,017$200,238$295,156
Short-term investments$45,781,294$36,442,786$36,189,328$35,465,031$36,572,360
Other current assets$0$0$0$0$0
Total current assets$47,956,907$38,018,814$37,019,822$36,724,805$38,395,896
Long-term investments$0$0$0$0$0
Fixed assets$2,804,919$4,067,842$5,117,009$6,905,193$7,388,257
Other long-term assets$3,514,919$3,526,227$3,322,661$3,299,740$3,287,974
Total long-term assets$6,319,838$7,594,069$8,439,670$10,204,933$10,676,231
Total assets$54,276,745$45,612,883$45,459,492$46,929,738$49,072,127
 
Liabilities20202019201720162015
Payables and accrued expenses$68,115$52,449$42,380$12,495$80,524
Other current liabilities$0$0$0$75,000$0
Total current liabilities$68,115$52,449$42,380$87,495$80,524
Debt$643,500$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$26,768$40,242$46,599$28,254$33,174
Total long-term liabilities$670,268$40,242$46,599$28,254$33,174
Total liabilities$738,383$92,691$88,979$115,749$113,698
 
Net assets20202019201720162015
Without donor restrictions$47,771,994$39,760,307$39,805,103$41,468,650$43,376,754
With donor restrictions$5,766,368$5,759,885$5,565,410$5,345,339$5,581,675
Net assets$53,538,362$45,520,192$45,370,513$46,813,989$48,958,429
 
Revenues and expenses
 
Revenue20202019201720162015
Total contributions$10,768,823$1,718,985$848,359$1,170,790$1,186,610
Program service revenue$700,283$645,075$624,531$778,275$235,562
Membership dues$0$0$0$0$0
Investment income$628,085$1,959,435$2,474,254$2,548,111$1,949,357
Other revenue$17,478$24,031$27,339$11,160$462,128
Total other revenue$1,345,846$2,628,541$3,126,124$3,337,546$2,647,047
Total revenue$12,114,669$4,347,526$3,974,483$4,508,336$3,833,657
 
Expenses20202019201720162015
Program services$3,320,716$3,397,597$3,868,879$3,637,704$3,506,112
Management and general$829,973$996,956$1,047,249$931,858$881,957
Fundraising$803,709$753,528$561,415$566,924$479,804
Total expenses$4,954,398$5,148,081$5,477,543$5,136,486$4,867,873
 
Change in net assets20202019201720162015
Surplus (deficit)$7,160,271($800,555)($1,503,060)($628,150)($1,034,216)
Other changes in net assets$0$0$0$0$0
Total change in net assets$7,160,271($800,555)($1,503,060)($628,150)($1,034,216)

Compensation

NameTitleCompensation
Robert DayCEO$150,748
Jeffrey NitzCOO$125,975
Claudia FletcherChief Prog O$109,373
Garvin MaffettChief Adv of$86,143

Compensation data as of: 6/30/2020


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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