KIDDIE KORNER LEARNING CENTER INC (EIN 223119306) - 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

1991

Legal Domicile

Principal Officer

KATHERINE HILLMAN

Phone

9733751222

Tax Period

2023-08-01 to 2024-07-31

KIDDIE KORNER LEARNING CENTER INC, founded in 1991, is a small nonprofit in the Human Services sector that reported $246K in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $211K left a modest 14% surplus.

Mission

TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION SERVICES TO THE CITIZENS OF THE GREATER NEWARK MUNICIPALITY

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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 $129,749

Program Service Revenue $115,897

Investment Income $0

Other Revenue $0

TOTAL REVENUE $245,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,704

Fundraising Expenses $0

Program Expenses $114,601

Other Expenses $180,963

TOTAL EXPENSES $210,667

Year-over-Year Comparison

	2023	2022	Change
Revenue	$245,646	$1,081,628	-0.8%
Expenses	$210,667	$1,142,580	-0.8%
Net Income	$34,979	$-60,952	-1.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$12,175

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE HILLMAN	EXEC. DIRECTOR	20.00	Director	$0	$0	$0
LARHONDA LEWIS	DIRECTOR	35.00	Officer	$12,175	$0	$12,175
JERALDINE PERK	CHAIRPERSON	2.00	Director	$0	$0	$0
REV MILTON BIGGHAM	VICE CHAIRMAN	2.00	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	$245,646	$210,667	$113,729	$34,979
2023	$1,081,628	$1,142,580	$26,970	$-60,952
2022	$941,657	$1,044,155	$84,532	$-102,498
2021	$1,062,108	$944,880	$182,279	$117,228
2020	$1,192,101	$1,192,163	$212,016	$-62
2019	$1,199,559	$1,135,830	$89,625	$63,729

KIDDIE KORNER LEARNING CENTER INC