PARADISE CHILDCARE CORPORATION (EIN 208362821) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

TRACEY ANN SPENCE

Tax Period

2023-01-01 to 2023-12-31

PARADISE CHILDCARE CORPORATION, founded in 2007, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $209K, a strong 18% operating margin.

Mission

THE PRIMARY EXEMPT PURPOSE OF PARADISE CHILDCARE CORPORATION IS FOR CHARITABLE AND EDUCATIONAL PURPOSES, PROVIDING CHILDCARE SERVICES IN A SAFE AND CARING ENVIRONMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,127,811

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,127,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $517,677

Fundraising Expenses $0

Program Expenses $696,018

Other Expenses $401,490

TOTAL EXPENSES $919,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,127,811	$1,140,867	0.0%
Expenses	$919,167	$764,722	+0.2%
Net Income	$208,644	$376,145	-0.4%

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
ALTHEA SPENCE	DIRECTOR	0.20	Officer	$0	$0	$0
FITZROY WILLIAMS	TREASURER	0.20	Officer	$0	$0	$0
TERESA KELLEY	SECRETARY	0.20	Officer	$0	$0	$0
DWAYNE SPENCE	DIRECTOR	2.00	Officer	$0	$0	$0
TRACEY ANN SPENCE	PRESIDENT	35.00	Officer	$0	$0	$0
KERRY ANN PETERS	VICE PRESIDENT	0.20	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
2024	No data	No data	No data	No data
2023	$1,127,811	$919,167	$887,938	$208,644
2022	$1,140,867	$764,722	$766,080	$376,145
2021	$854,011	$609,120	$389,930	$244,891
2020	$631,078	$612,637	$287,233	$18,441
2019	$627,587	$537,441	$480,788	$90,146
2018	$608,407	$461,455	$354,331	$146,952

PARADISE CHILDCARE CORPORATION