MERCYHURST CHILD LEARNING CENTER INC

EIN: 251529249 501(c)(3)

ERIE, PA

Total Revenue
$699,229
Total Expenses
$769,944
Total Assets
$399,278
Net Assets
$378,178
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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
1989
Legal Domicile
PA
Principal Officer
CRAIG DRESSLER
Phone
8144596222
Tax Period
2022-07-01 to 2023-06-30

MERCYHURST CHILD LEARNING CENTER INC, founded in 1989, is a small nonprofit that reported $699K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $770K exceeded revenue, resulting in a 10% operating deficit.

Mission

MERCYHURST CHILD LEARNING CENTER DEDICATES ITSELF TO THE CREATION OF AN ENVIRONMENT WHERE CHILDREN, EDUCATORS, FAMILIES, AND THE COMMUNITY WORK TOGETHER FOR THE CARE AND DEVELOPMENT OF THE WHOLE CHILD. COMMITTING ITSELF TO EACH CHILDS INDIVIDUAL NEEDS, MCLC PROMOTES CREATIVE EXPLORATION OF THE WORLD, COMPASSION FOR OTHERS, SELF RESPECT, AND ACCEPTANCE OF THE DIFFERENCES THAT ARE FOUND IN THE DIVERSE COMMUNITIES IN WHICH OUR CHILDREN WILL PARTICIPATE. MERCYHURST CHILD LEARNING CENTER STRIVES TO BE A COMMUNITY THAT NURTURES THE WHOLE PERSON, CHALLENGING THEM TO LIVE TO THE FULLEST OF THEIR POTENTIAL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $74,743
Program Service Revenue $621,093
Investment Income $3,393
Other Revenue $0
TOTAL REVENUE $699,229

Expense Breakdown

Grants Paid $0
Salaries & Benefits $591,438
Fundraising Expenses $491
Program Expenses $676,786
Other Expenses $178,506
TOTAL EXPENSES $769,944

Year-over-Year Comparison

2022 2021 Change
Revenue $699,229 $762,087 -0.1%
Expenses $769,944 $587,732 +0.3%
Net Income $-70,715 $174,355 -1.4%
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

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Governance

Voting Members
10
Independent Members
10
Employees
43
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
2
$0
Total Directors
11
$53,539
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG DRESSLER CURRENT PRES 0.50
Director
$0 $0 $0
SARA ULRICH PRESIDENT 0.50
Director
$0 $0 $0
KORTNIE FISHER CURRENT SECR 0.50
Officer Director
$0 $0 $0
ALEXIS WHITEFORD SECRETARY 0.50
Officer Director
$0 $0 $0
CORRY MILLER CURRENT TREA 0.50
Director
$0 $0 $0
SARAH BURCH BOARD MEMBER 0.50
Director
$0 $0 $0
JOSH GADLEY BOARD MEMBER 0.50
Director
$0 $0 $0
AMY BAUSCHARD CURRENT ASST 0.50
Director
$0 $0 $0
DOV BRAUN BOARD MEMBER 0.50
Director
$0 $0 $0
SHANA BURNETT FORMER EXEC 40.00
Director
$34,191 $5,373 $39,564
MELISSA NOVATNACK EXECUTIVE DI 40.00
Director
$13,975 $0 $13,975
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
2023 $699,229 $769,944 $399,278 $-70,715
2022 $762,087 $587,732 $461,451 $174,355
2021 $641,039 $555,169 $283,810 $85,870
2020 $533,850 $532,648 $194,430 $1,202
2019 $591,056 $597,707 $197,552 $-6,651
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