LACRECHE EARLY CHILDHOOD CENTERS I… - Form 990 Financial Data

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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

1969

Legal Domicile

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

To operate daycare service programs for children up to 12 years of age in low to moderate income families.

Program Service Accomplishments

Program 1

Expenses: $1,280,868 Revenue: $1,678,692

To provide childcare services for low to moderate income families, ages 6 weeks to 12 years old, and to promote school readiness by assisting parents in meeting the developmental needs of their...

To provide childcare services for low to moderate income families, ages 6 weeks to 12 years old, and to promote school readiness by assisting parents in meeting the developmental needs of their children.

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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 $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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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

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

$162,413

Total Directors

Key Employees

Highest Compensated

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

LACRECHE EARLY CHILDHOOD CENTERS INC