New Beginning Day Care Center Inc

EIN: 363851923 501(c)(3)

Chicago, IL

Total Revenue
$855,987
Total Expenses
$902,776
Total Assets
$125,122
Net Assets
$-542,646
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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
IL
Principal Officer
Dorothy Williams
Phone
7733855365
Tax Period
2024-01-01 to 2024-12-31

New Beginning Day Care Center Inc, founded in 1998, is a small nonprofit that reported $856K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

To provide daycare services to underprivilged children in Chicago, IL

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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 $0
Program Service Revenue $855,987
Investment Income $0
Other Revenue $0
TOTAL REVENUE $855,987

Expense Breakdown

Grants Paid $0
Salaries & Benefits $629,971
Fundraising Expenses $0
Program Expenses $862,702
Other Expenses $272,805
TOTAL EXPENSES $902,776

Year-over-Year Comparison

2024 2023 Change
Revenue $855,987 $746,278 +0.1%
Expenses $902,776 $991,966 -0.1%
Net Income $-46,789 $-245,688 -0.8%
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

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Governance

Voting Members
3
Independent Members
3
Employees
19
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
$86,473
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Malinda Collins Treasurer 40.00
Officer
$55,247 $0 $55,247
Rose Harris Secretary 40.00
Officer
$31,226 $0 $31,226
Dorothy Williams President 40.00
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 $855,987 $902,776 $125,122 $-46,789
2023 $746,278 $991,966 $147,939 $-245,688
2022 $735,653 $780,561 $399,760 $-44,908
2021 $783,449 $515,651 $422,790 $267,798
2020 $778,534 $719,318 $278,265 $59,216
2020 $778,534 $727,300 $270,283 $51,234
2018 $533,420 $697,666 $70,010 $-164,246
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