Living Witness Learning Daycare Inc

EIN: 364349672 501(c)(3) Human Services

Chicago, IL

Total Revenue
$105,681
Total Expenses
$80,918
Total Assets
$53,170
Net Assets
$-42,052
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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
2000
Legal Domicile
IL
Principal Officer
Veronica Jackson-Gibson
Tax Period
2020-01-01 to 2020-12-31

Living Witness Learning Daycare Inc, founded in 2000, is a small nonprofit in the Human Services sector that reported $106K in total revenue in fiscal year 2020. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $25K, a strong 23% operating margin.

Mission

Living Witness Daycare provides low cost day care services for low and middle income working families.

Program Service Accomplishments

Program 1
Expenses: $72,826 Revenue: $68,459

Living Witness provided quality daycare learning services to over 30 children and over 220 low cost meals.

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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 (2020)

Revenue Breakdown

Contributions & Grants $37,222
Program Service Revenue $68,459
Investment Income $0
Other Revenue $0
TOTAL REVENUE $105,681

Expense Breakdown

Grants Paid $0
Salaries & Benefits $35,879
Fundraising Expenses $0
Program Expenses $72,826
Other Expenses $45,039
TOTAL EXPENSES $80,918

Year-over-Year Comparison

2020 2019 Change
Revenue $105,681 $88,457 +0.2%
Expenses $80,918 $86,498 -0.1%
Net Income $24,763 $1,959 +11.6%
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
11
Volunteers
7

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
$14,740
Total Directors
3
$14,740
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Veronica Jackson Gibson Treasurer 25.00
Officer Director
$6,545 $0 $6,545
Merrick D Jackson CEO 20.00
Officer Director
$0 $0 $0
Jewel D Jackson President 40.00
Officer Director
$8,195 $0 $8,195
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
2020 $105,681 $80,918 $53,170 $24,763
2019 $88,457 $86,498 $322 $1,959
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