Richfield Latch Key Child Care Center Inc (EIN 411383145) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

Lindsey Scott

Phone

6128666400

Tax Period

2023-01-01 to 2023-12-31

Richfield Latch Key Child Care Center Inc, founded in 1980, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

Provide quality and affordable child care services.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $63,737

Program Service Revenue $1,021,884

Investment Income $5

Other Revenue $6,502

TOTAL REVENUE $1,092,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $809,532

Fundraising Expenses $8,500

Program Expenses $1,019,367

Other Expenses $290,136

TOTAL EXPENSES $1,099,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,092,128	$1,243,282	-0.1%
Expenses	$1,099,668	$1,000,660	+0.1%
Net Income	$-7,540	$242,622	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$78,715

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lindsey Scott	Executive Dir.	40.00	Officer	$78,715	$0	$78,715
Bryan Reese	President	1.00	Officer Director	$0	$0	$0
Todd Diede	Vice President	1.00	Officer Director	$0	$0	$0
Katie Shepherd	Secretary	1.00	Officer Director	$0	$0	$0
Laura Weiglein	Treasurer	1.00	Officer Director	$0	$0	$0
Kjersten Beckett	board member	1.00	Director	$0	$0	$0
Jamie Dobos	board member	1.00	Director	$0	$0	$0
Lawrence Dobos	board member	1.00	Director	$0	$0	$0
Heather Nelson	board member	1.00	Director	$0	$0	$0
Charlie Quast	board member	1.00	Director	$0	$0	$0
Andrew Holmes	Board Member	0.00	Director	$0	$0	$0
Emily Larson	Board Member	0.00	Director	$0	$0	$0
Devon Lundy	Board Member	0.00	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	$1,092,128	$1,099,668	$681,084	$-7,540
2022	$1,243,282	$1,000,660	$687,371	$242,622
2021	$987,314	$938,406	$568,975	$48,908
2020	$1,026,888	$953,158	$381,755	$73,730
2019	$1,161,887	$1,388,737	$308,025	$-226,850
2018	$1,232,574	$1,321,639	$534,875	$-89,065

Richfield Latch Key Child Care Center Inc