FAMILY LIFE CHILD DEVELOPMENT CENTER INC (EIN 364112713) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

ANTHONY BOLKEMA

Phone

7083330622

Tax Period

2023-01-01 to 2023-12-31

FAMILY LIFE CHILD DEVELOPMENT CENTER INC, founded in 1996, is a small nonprofit in the Education sector that reported $631K in total revenue in fiscal year 2023. Expenses of $582K left a modest 8% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE A PRESCHOOL DAYCARE THAT IS AUTHENTICALLY CHRISTIAN: A SAFE AND LOVING PLACE TO NURTURE THE WHOLE CHILD, UNIQUELY DESIGNED BY GOD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $512,055

Program Service Revenue $118,617

Investment Income $0

Other Revenue $0

TOTAL REVENUE $630,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $450,306

Fundraising Expenses $0

Program Expenses $552,482

Other Expenses $131,478

TOTAL EXPENSES $581,784

Year-over-Year Comparison

	2023	2022	Change
Revenue	$630,672	$584,922	+0.1%
Expenses	$581,784	$555,719	+0.0%
Net Income	$48,888	$29,203	+0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLINT VERHAGEN	Director	2.00	Director	$0	$0	$0
AMY VELDBOOM	Director	2.00	Director	$0	$0	$0
NOREEN VAN DEURSEN	Director	2.00	Director	$0	$0	$0
ANTHONY BOLKEMA	President	2.00	Officer Director	$0	$0	$0
LARRY DEYOUNG	Director	2.00	Director	$0	$0	$0
DON DE GRAFF	Director	2.00	Director	$0	$0	$0
GREGORY HARDAWAY	Director	2.00	Director	$0	$0	$0
AMBER FRANSEN	Director	2.00	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	No data	No data	No data	No data
2023	$630,672	$581,784	$109,276	$48,888
2022	$584,922	$555,719	$60,388	$29,203
2021	$454,759	$499,863	$31,185	$-45,104
2020	$419,986	$358,862	$76,289	$61,124
2019	$661,050	$641,080	$36,965	$19,970
2018	$630,505	$664,083	$18,695	$-33,578

FAMILY LIFE CHILD DEVELOPMENT CENTER INC