FLOYD COUNTY DAYCARE 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

1970

Legal Domicile

Principal Officer

T K FARRIS

Phone

8069832542

Tax Period

2024-08-01 to 2025-07-31

FLOYD COUNTY DAYCARE INC, founded in 1970, is a small nonprofit in the Human Services sector that reported $152K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $177K exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDE AFFORDABLE DAY CARE FOR CHILDREN IN THE COMMUNITY OF FLOYDADA, TEXAS AND PROVIDE EDUCATIONAL SUMMER PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $177,307

DAY CARE FOR 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 (2024)

Revenue Breakdown

Contributions & Grants $11,200

Program Service Revenue $139,660

Investment Income $568

Other Revenue $460

TOTAL REVENUE $151,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,527

Fundraising Expenses $0

Program Expenses $177,307

Other Expenses $76,780

TOTAL EXPENSES $177,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,888	$119,519	+0.3%
Expenses	$177,307	$180,956	0.0%
Net Income	$-25,419	$-61,437	-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

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	Role	Reportable Comp	Other Comp	Total
PAULINE COOPER	DIRECTOR	Director	$0	$0	$0
SHERYL BACK	DIRECTOR	Director	$0	$0	$0
TYLER HAMMONDS	DIRECTOR	Director	$0	$0	$0
JONATHAN RAMIREZ	DIRECTOR	Director	$0	$0	$0
T K FARRIS	PRESIDENT	Officer	$0	$0	$0
KRISTI WHITTLE	SECRETARY	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
2025	$151,888	$177,307	$453,907	$-25,419
2024	$119,519	$180,956	$479,218	$-61,437
2023	$336,795	$243,434	$540,573	$93,361
2022	$228,510	$175,894	$447,330	$52,616