Belmont Child Care Association Inc

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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

1998

Legal Domicile

Principal Officer

Joanne K Adams

Phone

5164882103

Tax Period

2024-01-01 to 2024-12-31

Belmont Child Care Association Inc, founded in 1998, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.8M exceeded revenue, resulting in a 16% operating deficit.

Mission

To provide a safe, supportive and academically inspiring environment for the children of parents working in the thoroughbred racing backstretch area, located at New York's historic Belmont Park, Aqueduct and Saratoga Race Course. To promote early childhood education, molding young minds and encouraging the fulfillment of dreams.

Program Service Accomplishments

Program 1

Expenses: $1,276,228

The organization provides an on-site child care program for families of the New York racing community who work on the backstretch or frontside of Belmont Park, Aqueduct or Saratoga racetracks.

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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 $879,838

Program Service Revenue $0

Investment Income $607,674

Other Revenue $65,039

TOTAL REVENUE $1,552,551

Expense Breakdown

Grants Paid $666,271

Salaries & Benefits $360,589

Fundraising Expenses $247,238

Program Expenses $1,276,228

Other Expenses $773,039

TOTAL EXPENSES $1,799,899

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,552,551	$1,428,992	+0.1%
Expenses	$1,799,899	$1,841,149	0.0%
Net Income	$-247,348	$-412,157	-0.4%

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

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

$200,996

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joanne K Adams	Executive Dir.	40.00	Officer	$200,996	$0	$200,996
Laura Barillaro	Treasurer	1.25	Officer Director	$0	$0	$0
Eileen Bellavia	Director	0.75	Director	$0	$0	$0
Elizabeth Imperio	President	3.75	Officer Director	$0	$0	$0
Cory Moelis	Director	0.75	Director	$0	$0	$0
Patrick Mackay	Secretary	1.25	Officer Director	$0	$0	$0
Javier Castellano	Director	0.75	Director	$0	$0	$0
Michael Dubb	Chairman	1.25	Officer Director	$0	$0	$0
Sol Kumin	Director	0.75	Director	$0	$0	$0
Gretchen Jackson	Director	0.75	Director	$0	$0	$0
Nick Caras	Director	0.75	Director	$0	$0	$0
Paul Farr	Director	0.75	Director	$0	$0	$0
Donald Little Jr	Vice President	1.25	Officer Director	$0	$0	$0
Joi Garner	Director	0.75	Director	$0	$0	$0
Joan Hope MacNaughton	Director	0.75	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	$1,552,551	$1,799,899	$8,007,932	$-247,348
2023	$1,428,992	$1,841,149	$7,952,605	$-412,157
2022	$1,138,035	$1,613,072	$7,846,810	$-475,037
2021	$1,947,012	$1,628,858	$9,792,138	$318,154
2020	$2,332,685	$1,324,337	$9,458,702	$1,008,348
2019	$1,193,589	$1,295,043	$7,755,999	$-101,454
2018	$1,353,346	$1,138,590	$6,911,923	$214,756