LAKE BOWEN CHILD DEVELOPMENT CENTER

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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

Principal Officer

MIKE THOMPSON

Phone

8648146280

Tax Period

2024-08-01 to 2025-07-31

LAKE BOWEN CHILD DEVELOPMENT CENTER, founded in 2003, is a small nonprofit in the Human Services sector that reported $109K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $161K exceeded revenue, resulting in a 48% operating deficit.

Mission

PROVIDE CHILDCARE TO CHILDREN AGES BIRTH TO 12 YEARS OLD

Program Service Accomplishments

Program 1

Expenses: $160,623 Revenue: $18,462

CHILD DAY CARE - CHILDCARE OF CHILDREN AGES BIRTH TO 12 YEARS OLD

Program 2

AFTERSCHOOL PROGRAM- AFTERSCHOOL CARE OF CHILDREN AGES BIRTH TO 12 YEARS OLD

Program 3

SUMMER PROGRAM - DAYTIME CARE OF CHILDREN AGES BIRTH TO 12 YEARS OLD DURING THE SUMMER MONTHS.

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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 $90,000

Program Service Revenue $18,462

Investment Income $325

Other Revenue $0

TOTAL REVENUE $108,787

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $64,840

Fundraising Expenses $0

Program Expenses $160,623

Other Expenses $55,783

TOTAL EXPENSES $160,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,787	$489,660	-0.8%
Expenses	$160,623	$594,289	-0.7%
Net Income	$-51,836	$-104,629	-0.5%

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

N/A

Independent Members

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUANN CARTEE	DIRECTOR	40.00	Officer	$0	$0	$0

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	$108,787	$160,623	$138,734	$-51,836
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