ALTAMONTE CHILD DEVELOPMENT CENTER… - 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

2007

Legal Domicile

Principal Officer

LORENA FOUST

Phone

5058838530

Tax Period

2023-01-01 to 2023-12-31

ALTAMONTE CHILD DEVELOPMENT CENTER INC, founded in 2007, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 9% surplus.

Mission

CHILDREN'S PRESCHOOL PROVIDED AT COSTS OF 10-20% BELOW NATIONAL AVERAGES SO THAT FAMILIES CAN HAVE A SAFE, AFFORDABLE OPTION FOR THEIR CHILDCARE NEEDS

Program Service Accomplishments

Program 1

Expenses: $1,063,909

CHILDREN'S DAYCARE THAT RECEIVES STATE FINANCIAL ASSISTANCE FOR THOSE FAMILIES THAT CANNOT AFFORD DAYCARE COSTS, INCLUDING RECEIPT OF FINANCIAL ASSISTANCE FOR DAILY NUTRITION FROM FEDERAL ASSISTANCE. ADDITIONALLY, THE DAYCARE COSTS TO THE COMMUNITY AT LARGE ARE 10-20% LESS THAN THE DAYCARE AT NATIONAL CHAINS.

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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 $79,665

Program Service Revenue $1,122,760

Investment Income $-12,470

Other Revenue $8,786

TOTAL REVENUE $1,198,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $689,470

Fundraising Expenses $0

Program Expenses $1,063,909

Other Expenses $403,681

TOTAL EXPENSES $1,093,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,198,741	$1,260,464	0.0%
Expenses	$1,093,151	$987,137	+0.1%
Net Income	$105,590	$273,327	-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	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORENA FOUST	PRESIDENT	20.00	Officer Director	$0	$0	$0
MICHAEL COX	SECRETARY/TR	1.00	Officer 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	No data	No data	No data	No data
2023	$1,198,741	$1,093,151	$1,093,933	$105,590
2022	$1,260,464	$987,137	$1,306,991	$273,327
2021	$1,196,194	$774,806	$1,047,251	$421,388
2020	$864,311	$808,795	$652,116	$55,516
2019	$978,496	$820,049	$325,003	$158,447
2018	$947,078	$1,002,876	$161,878	$-55,798

ALTAMONTE CHILD DEVELOPMENT CENTER INC