CHILD INC

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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

1976

Legal Domicile

Principal Officer

MICHELLE MATHIESEN

Phone

4017325200

Tax Period

2024-03-01 to 2025-02-28

CHILD INC, founded in 1976, is a community nonprofit in the Education sector that reported $10.0M in total revenue in fiscal year 2024. Expenses of $9.2M left a modest 8% surplus.

Mission

OPERATION OF EDUCATIONAL AND CHILD CARE PROGRAMS FOR PRESCHOOL CHILDREN IN KENT COUNTY. THE PROGRAMS OPERATED INCLUDE BOTH HEAD START AND EARLY HEAD START PROGRAMS FUNDED BY THE FEDERAL GOVERNMENT. THE ORGANIZATION ALSO PROVIDES EXTENDED CHILD CARE FOR PRESCHOOL CHILDREN, INFANTS AND TODDLERS.

Program Service Accomplishments

Program 1

Expenses: $3,859,062 Revenue: $1,323,872

HEAD START PROGRAM - INSTRUCTIONAL AND DEVELOPMENT PROGRAM FOR CHILDREN OF LOW-INCOME HOUSEHOLDS; NUMBER OF CHILDREN SERVICED: 196

Program 2

Expenses: $2,950,542 Revenue: $149,947

CHILD CARE PROGRAM - OPERATION OF THE DAY CARE CENTER AND RELATED ACTIVITIES LIKE MENTAL HEALTH SERVICES AND THERAPEUTIC CHILD CARE SERVICES AND STATE PRE-K CLASSES; NUMBER OF CHILDREN SERVICED: 117

Program 3

Expenses: $1,446,213 Revenue: $382,366

EARLY HEAD START PROGRAM - COMPREHENSIVE CHILD DEVELOPMENT PROGRAM FOR INFANTS AND TODDLERS; NUMBER OF CHILDREN SERVICED: 110

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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 $8,315,807

Program Service Revenue $1,856,185

Investment Income $-211,301

Other Revenue $5,695

TOTAL REVENUE $9,966,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,267,917

Fundraising Expenses $0

Program Expenses $8,255,817

Other Expenses $1,949,324

TOTAL EXPENSES $9,217,241

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,966,386	$9,503,502	+0.0%
Expenses	$9,217,241	$9,003,515	+0.0%
Net Income	$749,145	$499,987	+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

Independent Members

Employees

113

Volunteers

130

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

$403,017

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM STEIN MSW	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
RUSSELL BRAMLEY ESQ	CHAIRPERSON (UNTIL 11/24)	2.00	Officer Director	$0	$0	$0
ERIC B ROSE MBA	TREASURER	1.00	Officer Director	$0	$0	$0
KATHLEEN A KENNY CPA	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
KAREN OSTROWSKY	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DARREN CAYARD	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA ESTEVES	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINA FAULKNER	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA LINDSTROM	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID M REVENS ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
BETHANY TREMMEL	BOARD MEMBER (UNTIL 03/24)	1.00	Director	$0	$0	$0
JAQUELINE FERREIRA	BOARD MEMBER	1.00	Director	$0	$0	$0
KENDRA LEVESQUE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE MATHIESEN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$162,645	$47,702	$210,347
ANNE PAGLIA	CHIEF FINANCIAL OFFICER	40.00	Officer	$134,896	$57,774	$192,670
JANICE CARDARELLI	MANAGER	40.00	Highest	$112,613	$40,096	$152,709
JO-ANNE DEGIACOMO	MANAGER	40.00	Highest	$106,630	$24,367	$130,997
AMANDA HALL	DEPUTY DIRECTOR	40.00	Highest	$118,090	$12,133	$130,223
ASHLEY LAING	MANAGER	40.00	Highest	$103,811	$13,335	$117,146
SHERRY BOWRY	MANAGER	40.00	Highest	$107,894	$6,001	$113,895

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	$9,966,386	$9,217,241	$8,310,564	$749,145
2024	$9,503,502	$9,003,515	$7,701,138	$499,987
2023	$8,461,862	$8,112,455	$7,157,248	$349,407
2022	$9,227,662	$8,540,440	$6,512,297	$687,222
2021	$8,501,696	$8,199,206	$4,969,619	$302,490
2020	$8,634,427	$8,447,182	$4,697,191	$187,245
2019	$8,096,835	$8,156,287	$4,446,568	$-59,452