NEW HOPE CHILD CARE

EIN: 301207451 501(c)(3) Education

DULUTH, MN

Total Revenue
$423,289
Total Expenses
$448,791
Total Assets
$67,911
Net Assets
$23,283
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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
2019
Legal Domicile
MN
Principal Officer
JORDAN MATTESON
Phone
2188837311
Tax Period
2024-01-01 to 2024-12-31

NEW HOPE CHILD CARE, founded in 2019, is a small nonprofit in the Education sector that reported $423K in total revenue in fiscal year 2024.

Mission

NEW HOPE CHILD CARE PROVIDES A SAFE ENVIRONMENT AND STRUCTURED LEARNING THROUGH ORGANIZED, LIKE-MINDED STAFF THAT OFFER A WARM AND LOVING ATMOSPHERE FOR CHILDREN AGES 6 WEEKS TO 5 YEARS OLD TO LEARN AND GROW.

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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 $47,137
Program Service Revenue $376,152
Investment Income $0
Other Revenue $0
TOTAL REVENUE $423,289

Expense Breakdown

Grants Paid $0
Salaries & Benefits $312,271
Fundraising Expenses $0
Program Expenses $397,096
Other Expenses $136,520
TOTAL EXPENSES $448,791

Year-over-Year Comparison

2024 2023 Change
Revenue $423,289 $400,334 +0.1%
Expenses $448,791 $315,655 +0.4%
Net Income $-25,502 $84,679 -1.3%
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
3
Independent Members
1
Employees
23
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
3
$107,656
Total Directors
1
$63,233
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEIDI MATTESON PRESIDENT 45.00
Officer Director
$63,233 $0 $63,233
JORDAN MATTESON TREASURER 45.00
Officer
$44,423 $0 $44,423
MARK KALLIO SECRETARY 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
2024 $423,289 $448,791 $67,911 $-25,502
2023 $400,334 $315,655 $115,258 $84,679
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