THE GOLDEN CONNECTION CHILDCARE CENTER

EIN: 300611038 501(c)(3) Education

Marks, MS

Total Revenue
$303,090
Total Expenses
$229,368
Total Assets
$59,443
Net Assets
$59,443
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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
2010
Legal Domicile
MS
Principal Officer
Patricia Hankins
Phone
6623260449
Tax Period
2024-01-01 to 2024-12-31

THE GOLDEN CONNECTION CHILDCARE CENTER, founded in 2010, is a small nonprofit in the Education sector that reported $303K in total revenue in fiscal year 2024. The organization ran a surplus of $74K, a strong 24% operating margin.

Mission

Educational services provided for low and very low income children while parents pursue gainful employment

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,000
Program Service Revenue $300,090
Investment Income $0
Other Revenue $0
TOTAL REVENUE $303,090

Expense Breakdown

Grants Paid $0
Salaries & Benefits $155,582
Fundraising Expenses $0
Program Expenses $229,368
Other Expenses $73,786
TOTAL EXPENSES $229,368

Year-over-Year Comparison

2024 2023 Change
Revenue $303,090 $306,181 0.0%
Expenses $229,368 $298,604 -0.2%
Net Income $73,722 $7,577 +8.7%
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
5
Independent Members
5
Employees
6
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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Queen King Board President 0.5
Director
$0 $0 $0
Bessie McLin Board Treasurer 0.5
Director
$0 $0 $0
Johnnie Mae Wright Chief Financial Officer 10
Officer Director
$0 $0 $0
Larry Smith Board Member 1
Director
$0 $0 $0
Alice Powell Board Secretary 3
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 $303,090 $229,368 $59,443 $73,722
2023 $306,181 $298,604 $4,471 $7,577
2022 $384,800 $380,729 $696 $4,071
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