FIRST STEP DAY CARE 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

1988

Principal Officer

SEAN RYAN

Phone

3157885437

Tax Period

2022-09-01 to 2023-08-31

FIRST STEP DAY CARE INC, founded in 1988, is a small nonprofit in the Human Services sector that reported $549K in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year.

Mission

FIRST STEP DAY CARE, INC. IS DEDICATED TO PROVIDING AFFORDABLE DAY CARE FOR CHILDREN IN THE COMMUNITY THAT MEETS THE HIGHEST NATIONALLY RECOGNIZED STANDARDS. QUALIFIED STAFF PROVIDE AN EDUCATIONAL AND DEVELOPMENTALLY APPROPRIATE PROGRAM IN A NURTURING ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $467,501

TO PROVIDE DAY CARE SERVICES AND MAINTENANCE TO CHILDREN FIVE DAYS PER WEEK INCLUDING EDUCATIONAL AND RECREATIONAL ACTIVITIES, MEALS AND SNACKS FOR APPROXIMATELY 35 TO 39 CHILDREN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $128,668

Program Service Revenue $415,570

Investment Income $2,655

Other Revenue $2,069

TOTAL REVENUE $548,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $388,283

Fundraising Expenses $0

Program Expenses $467,501

Other Expenses $160,309

TOTAL EXPENSES $548,592

Year-over-Year Comparison

	2022	2021	Change
Revenue	$548,962	$662,955	-0.2%
Expenses	$548,592	$569,165	0.0%
Net Income	$370	$93,790	-1.0%

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

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
JO LYNN FLORENTINO	SECRETARY	0.50	Officer Director	$0	$0	$0
ALANA HATZIS	DIRECTOR	0.25	Director	$0	$0	$0
KARRIE MCCULLOUGH	PRESIDENT	0.50	Officer Director	$0	$0	$0
LINDSEY MYERS	DIRECTOR	0.25	Director	$0	$0	$0
MILLICENT NOWAK	DIRECTOR	0.25	Director	$0	$0	$0
SEAN RYAN	TREASURER	0.50	Officer 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
2023	$548,962	$548,592	$306,101	$370
2022	$662,955	$569,165	$330,137	$93,790
2021	$588,853	$513,921	$219,526	$74,932
2020	$384,665	$366,242	$141,489	$18,423
2019	$407,368	$412,213	$118,428	$-4,845
2018	$407,288	$387,510	$127,967	$19,778