THE KATHY HERWARD CHILD CARE CENTER INC

EIN: 222572872 501(c)(3)

ANDOVER, MA

Total Revenue
$1,233,015
Total Expenses
$1,124,743
Total Assets
$570,630
Net Assets
$536,191
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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
1986
Legal Domicile
MA
Principal Officer
DEIDRE MORAN
Phone
9787838560
Tax Period
2023-10-01 to 2024-09-30

THE KATHY HERWARD CHILD CARE CENTER INC, founded in 1986, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 9% surplus.

Mission

CHILD CARE SERVICES

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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 $150,693
Program Service Revenue $1,056,693
Investment Income $84
Other Revenue $25,545
TOTAL REVENUE $1,233,015

Expense Breakdown

Grants Paid $0
Salaries & Benefits $984,716
Fundraising Expenses $2,165
Program Expenses $916,418
Other Expenses $140,027
TOTAL EXPENSES $1,124,743

Year-over-Year Comparison

2023 2022 Change
Revenue $1,233,015 $1,219,018 +0.0%
Expenses $1,124,743 $1,150,529 0.0%
Net Income $108,272 $68,489 +0.6%
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
3
Independent Members
3
Employees
28
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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRISTIAN TAVARES BOARD MEMBER 5.00
Director
$0 $0 $0
RICHARD A LACROIX SECRETARY 5.00
Officer
$0 $0 $0
DEIDRE MORAN PRESIDENT 5.00
Officer
$0 $0 $0
MAUREEN OZOONIAN TREASURER 5.00
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
2024 $1,233,015 $1,124,743 $570,630 $108,272
2023 $1,219,018 $1,150,529 $459,841 $68,489
2022 $1,233,220 $1,188,438 $388,609 $44,782
2021 $1,088,255 $1,032,150 $342,796 $56,105
2020 $840,456 $963,185 $136,474 $-122,729
2019 $913,869 $981,458 $260,206 $-67,589
2018 $979,315 $922,084 $324,472 $57,231
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