LAKE BOWEN CHILD DEVELOPMENT CENTER

EIN: 010793953 501(c)(3) Human Services

INMAN, SC

Total Revenue
$489,660
Total Expenses
$594,289
Total Assets
$191,881
Net Assets
$189,692
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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
2003
Legal Domicile
SC
Principal Officer
MIKE THOMPSON
Phone
8648146280
Tax Period
2023-08-01 to 2024-07-31

LAKE BOWEN CHILD DEVELOPMENT CENTER, founded in 2003, is a small nonprofit in the Human Services sector that reported $490K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $594K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE CHILDCARE TO CHILDREN AGES BIRTH TO 12 YEARS OLD

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $488,927
Investment Income $733
Other Revenue $0
TOTAL REVENUE $489,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $421,274
Fundraising Expenses $0
Program Expenses $594,289
Other Expenses $173,015
TOTAL EXPENSES $594,289

Year-over-Year Comparison

2023 2022 Change
Revenue $489,660 $827,001 -0.4%
Expenses $594,289 $746,026 -0.2%
Net Income $-104,629 $80,975 -2.3%
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
N/A
Independent Members
N/A
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
1
$41,345
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUANN CARTEE DIRECTOR 40.00
Officer
$41,345 $0 $41,345
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 $489,660 $594,289 $191,881 $-104,629
2023 $827,001 $746,026 $295,583 $80,975
2022 $610,806 $587,244 $221,256 $23,562
2021 $563,874 $443,744 $189,786 $120,130
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