SAN LUIS OBISPO CHILD DEVELOPMENT … - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

MICHAEL PASSARELLI

Phone

8055440801

Tax Period

2024-07-01 to 2025-06-30

SAN LUIS OBISPO CHILD DEVELOPMENT CENTER CHILD DEVELOPMENT RESOURCE CENTER, founded in 1971, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 5% surplus.

Mission

THE MISSION IS TO PROVIDE EDUCATIONAL AND THERAPEUTIC PROGRAMS THAT FOCUS ON PROTECTING CHILDREN THROUGH OUR COMMITMENT TO HEAL, SUPPORT AND STRENGTHEN FAMILIES IN NEED.

Program Service Accomplishments

Program 1

Expenses: $1,310,063 Revenue: $1,755,621

PRESCHOOL PROGRAM: HELPS STRENGTHEN FAMLIES AND PREPARE ALL CHILDREN FOR AREGULAR SCHOOL SETTING; USING A VARIETY OF TECHNIQUES FROM CHILDDEVELOPMENT & THERAPY PRACTICES. EACH STUDENT IS PROVIDED AN ACADEMIC &SOCIO-EMOTIONAL FOUNDATION TO BE ABLE TO LEARN & PROGRESS IN THE MOSTHEALTHY WAY POSSIBLE AS THEY ENTER KINDERGARTEN. BOTH DISCOUNTED TUITION &SUBSIDY-BASED CARE IS AVAILABLE TO ENSURE ALL CHILDREN RECEIVE ACCESS TOTHE CARE THEY NEED.

Program 2

Expenses: $132,085

THERAPY PROGRAMS: LICENSED MARRIAGE AND FAMLY THERAPISTS PROVIDE CHILDREN,ADOLESCENTS, AND THIER PARENTS TREATMENT FOR ANY MENTAL HEALTH ISSUE. CAUSEOF TREATMENT RANGE FROM FAMILY COMMUNICATION...

THERAPY PROGRAMS: LICENSED MARRIAGE AND FAMLY THERAPISTS PROVIDE CHILDREN,ADOLESCENTS, AND THIER PARENTS TREATMENT FOR ANY MENTAL HEALTH ISSUE. CAUSEOF TREATMENT RANGE FROM FAMILY COMMUNICATION ISSUES AND PARENTING TRAUMA,ABUSE, AND MORE SEVERE MENTAL-HEALTH ISSUES. INDIVIDUALS CAN USE THEIRMEDI-CAL INSURANCE OR A SLIDING SCALE FOR OTHER TYPES OF INSURANCE. OPEN TOTHE COMMUNITY, FAMILIES AND CHILDREN NEED NOT BE A PART OF THEPRESCHOOL PROGRAM TO QUALIFY FOR THERAPY SERVICES.

Program 3

Expenses: $85,559 Revenue: $78,721

FOOD PROGRAM: THE CHILD AND ADULT CARE FOOD PROGRAM PROVIDES THE PRESCHOOLCHILDREN WITH 80% OF THEIR DAILY NUTRITION. OUR CERTIFIED NUTRITIONISTCOOKS A DELICIOUS BREAKFAST, LUNCH AND AFTERNOON SNACK FROM SCRATH EACHDAY TO TEACH CHILDREN THE IMPORTANCE OF EATING WELL AND PROPER NUTRITION.

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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 $78,473

Program Service Revenue $1,834,342

Investment Income $35

Other Revenue $2,339

TOTAL REVENUE $1,915,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,363,263

Fundraising Expenses $1,602

Program Expenses $1,527,707

Other Expenses $449,006

TOTAL EXPENSES $1,812,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,915,189	$1,920,490	0.0%
Expenses	$1,812,269	$1,867,839	0.0%
Net Income	$102,920	$52,651	+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

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
MICHELLE HOLM	EXECUTIVE DIRECTOR	40.00		$165,750	$0	$165,750
MICHAEL PASSARELLI	President	8.00	Officer	$0	$0	$0
JEFF BUTLER	Vice President	10.00	Officer	$0	$0	$0
SUSAN DIER	Treasurer	8.00	Officer	$0	$0	$0
KAREN PREWETT	Secretary	8.00	Officer	$0	$0	$0
MIKE DIER	Board Member	5.00	Officer	$0	$0	$0
TRYDYN MEACHUM	Board Member	2.00	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
2025	$1,915,189	$1,812,269	$1,455,408	$102,920
2024	$1,920,490	$1,867,839	$1,366,456	$52,651
2023	$1,675,244	$1,498,987	$1,208,803	$176,257
2022	$1,335,949	$1,365,027	$1,043,326	$-29,078
2021	$1,434,609	$1,280,669	$1,016,693	$153,940
2020	$1,332,809	$1,278,830	$919,810	$53,979
2019	$1,132,234	$1,094,543	$815,978	$37,691
2018	$1,113,192	$1,000,128	$756,852	$113,064

SAN LUIS OBISPO CHILD DEVELOPMENT CENTER CHILD DEVELOPMENT RESOURCE CENTER