LACRECHE EARLY CHILDHOOD CENTERS INC

EIN: 410958652 501(c)(3)

Minneapolis, MN

Total Revenue
$1,892,553
Total Expenses
$1,723,364
Total Assets
$1,067,713
Net Assets
$993,716
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
MN
Principal Officer
Phyllis Sloan
Phone
6123771786
Tax Period
2023-01-01 to 2023-12-31

LACRECHE EARLY CHILDHOOD CENTERS INC, founded in 1969, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 9% surplus.

Mission

As an early care and education center, our mission is to move children from a level of dependence to a level of independence. We provide a variety of experiences and encourage self-respect, self-reliance, self-initiated activities and a sense of responsibility for one's actions. In order to provide an atmosphere for educational growth, our curriculum emphasizes positive self-identity, cognitive skills, language arts, and small gross motor skills. Our facilities are clean, bright, cheerful, safe and fully equipped to stimulate each child's creativity. We stress the total enrichment and depth of experience of each child. Children are encouraged to develop a sense of "self" as "learner", to ask questions, to observe, and to search for answers.

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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 (2023)

Revenue Breakdown

Contributions & Grants $131,135
Program Service Revenue $1,678,287
Investment Income $3,627
Other Revenue $79,504
TOTAL REVENUE $1,892,553

Expense Breakdown

Grants Paid $0
Salaries & Benefits $923,758
Fundraising Expenses $0
Program Expenses $1,280,868
Other Expenses $799,606
TOTAL EXPENSES $1,723,364

Year-over-Year Comparison

2023 2022 Change
Revenue $1,892,553 $1,509,964 +0.3%
Expenses $1,723,364 $1,535,252 +0.1%
Net Income $169,189 $-25,288 -7.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
2
Independent Members
2
Employees
31
Volunteers
17

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
4
$162,413
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Phyllis Sloan Executive Director 40
Officer
$108,345 $10,292 $118,637
Jo Wanner Accountant 17
Officer
$43,776 $0 $43,776
Gretchen Hengemuhle Board Chair 1
Officer Director
$0 $0 $0
Cal Christensen Board Treasurer 1
Officer 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 $1,892,553 $1,723,364 $1,067,713 $169,189
2022 $1,509,964 $1,535,252 $884,048 $-25,288
2021 $1,591,329 $1,353,111 $952,477 $238,218
2020 $1,239,999 $1,327,700 $850,459 $-87,701
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