TOLEDO DAY NURSERY

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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

1900

Legal Domicile

Principal Officer

AKWASI NTI-ADDAE

Phone

4192432627

Tax Period

2024-01-01 to 2024-12-31

TOLEDO DAY NURSERY, founded in 1900, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $351K, a strong 15% operating margin.

Mission

TO PROVIDE CHILDREN OF WORKING AND STUDENT PARENTS WITH QUALITY, AFFORDABLE CHILDCARE PROGRAMS DEVOTED TO ENHANCING THE CHILD'S EDUCATIONAL, SOCIAL, EMOTIONAL, AND PHYSICAL DEVELOPMENT. TO PROVIDE ALSO THE PARENT WITH THE CHILDCARE RESOURCES TO STRENGTHEN THE FAMILY, AND TO SERVE AS A ROLE MODEL AND ADVOCATE FOR QUALITY CHILDCARE THROUGHOUT THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,546,908 Revenue: $787,459

TOLEDO DAY NURSERY PROVIDES THE HIGHEST QUALITY, EARLY-CHILDHOOD PROGRAM AVAILABLE, INCLUDING A HEAD START PROGRAM. OUR PRIMARY FOCUS IS TO ENHANCE THE GROWTH AND DEVELOPMENT OF ALL OUR CHILDREN IN A SAFE, HEALTHY, LEANING ENVIRONMENT. NURTURING, AFFORDABLE CARE IS PROVIDED FOR INFANTS (6 WEEKS TO 18 MONTHS), TODDLERS (18 MONTHS TO 36 MONTHS), AND PRESCHOOLERS (3-5 YEARS). DAILY SCHEDULED ACTIVITIES, INCLUDE ART, OUTDOOR PLAY, BLOCK AND DRAMATIC PLAY, AND MUCH MORE TO STIMULATE OPTIMUM GROWTH AND DEVELOPMENT. A NUTRITIOUS BREAKFAST, LUNCH AND SNACK IS PROVIDED DAILY FOR ALL AGE GROUPS.

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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 $1,159,624

Program Service Revenue $787,459

Investment Income $317,249

Other Revenue $3,041

TOTAL REVENUE $2,267,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,327,476

Fundraising Expenses $0

Program Expenses $1,546,908

Other Expenses $589,275

TOTAL EXPENSES $1,916,751

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,267,373	$1,544,067	+0.5%
Expenses	$1,916,751	$1,419,426	+0.4%
Net Income	$350,622	$124,641	+1.8%

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

$158,116

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH ELMS	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA GOLDSMITH	TRUSTEE	1.00	Director	$0	$0	$0
AKWASI NTI-ADDAE	TREASURER	1.00	Officer Director	$0	$0	$0
LAUREN GEIB	TRUSTEE	1.00	Director	$0	$0	$0
JOEL CURCIO	TRUSTEE	1.00	Director	$0	$0	$0
DR MARTHA KLEINBERG	TRUSTEE	1.00	Director	$0	$0	$0
LENA HARRIS	CHAIR OF BOARD	1.00	Officer Director	$0	$0	$0
ERIC LEHMAN	TRUSTEE	1.00	Director	$0	$0	$0
LIBBY SCHOEN	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA UTTERBACK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAMES REISING	TRUSTEE	1.00	Director	$0	$0	$0
LINDA TORBET	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN DOWNEY	SECRETARY	1.00	Officer Director	$0	$0	$0
RAMMIE SALAHAT	TRUSTEE	1.00	Director	$0	$0	$0
JOSH WHITE	TRUSTEE	1.00	Director	$0	$0	$0
JULIA MYERS	EXECUTIVE DIRECTOR	40.00	Officer	$81,194	$2,250	$83,444
CHELSEA DAVIS	EXECUTIVE DIRECTOR	40.00	Officer	$66,489	$8,183	$74,672

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	$2,267,373	$1,916,751	$5,672,426	$350,622
2023	$1,544,067	$1,419,426	$4,699,972	$124,641
2022	$1,542,921	$1,108,951	$4,217,657	$433,970
2021	$1,375,339	$992,830	$4,486,435	$382,509
2020	$1,340,698	$1,039,764	$3,789,796	$300,934
2019	$1,402,901	$1,112,349	$3,272,060	$290,552
2018	$1,200,731	$1,063,858	$2,670,597	$136,873