GOOD CHILD DEVELOPMENT CENTER INC

EIN: 060848211 501(c)(3) Human Services

MILFORD, CT

Total Revenue
$2,237,828
Total Expenses
$1,918,797
Total Assets
$3,797,784
Net Assets
$1,881,785
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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
1969
Legal Domicile
CT
Principal Officer
Chukwuemeka Okwuosa
Phone
2038748232
Tax Period
2023-01-01 to 2023-12-31

GOOD CHILD DEVELOPMENT CENTER INC, founded in 1969, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 14% surplus.

Mission

TO PROVIDE FULL-DAY, FULL YEAR INFANT, TODDLER, AND PRESCHOOL CHILD CARE FOR ALL FAMILIES AS AN OPPORTUNITY TO LEARN, RATHER THAN JUST BE SUPERVISED.

Program Service Accomplishments

Program 1
Expenses: $1,325,669 Revenue: $729,179

DAY CARE AND PRESCHOOL SERVICES FOR APPROXIMATELY 95 CHILDREN AGES 6 WEEKS TO 6 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 $1,323,899
Program Service Revenue $729,169
Investment Income $183,513
Other Revenue $1,247
TOTAL REVENUE $2,237,828

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,383,942
Fundraising Expenses $1,313
Program Expenses $1,325,669
Other Expenses $534,855
TOTAL EXPENSES $1,918,797

Year-over-Year Comparison

2023 2022 Change
Revenue $2,237,828 $1,361,696 +0.6%
Expenses $1,918,797 $1,580,827 +0.2%
Net Income $319,031 $-219,131 -2.5%
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

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Governance

Voting Members
4
Independent Members
4
Employees
58
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
$206,057
Total Directors
5
$206,057
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chukwuemeka Okwuosa CEO 40.00
Officer Director
$206,057 $0 $206,057
Kyle Ebert Chairman 1.00
Director
$0 $0 $0
Donna Radecki Vice President 1.00
Director
$0 $0 $0
Robert Rosenberg Treasurer 1.00
Director
$0 $0 $0
Sara Okwuosa Trustee 1.00
Director
$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
2024 No data No data No data No data
2023 $2,237,828 $1,918,797 $3,797,784 $319,031
2023 $2,193,975 $1,955,498 $4,198,298 $238,477
2023 $2,237,828 $1,918,797 $3,797,784 $319,031
2022 $1,527,352 $1,580,827 $3,996,613 $-53,475
2022 $1,361,696 $1,580,827 $3,830,956 $-219,131
2022 $1,527,352 $1,580,827 $3,996,613 $-53,475
2021 $1,662,170 $1,367,138 $3,930,525 $295,032
2020 $1,267,899 $1,281,028 $3,999,988 $-13,129
2019 $1,226,769 $1,232,406 $4,069,209 $-5,637
2018 $1,251,042 $1,286,132 $4,124,364 $-35,090
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