FIRST CHILDREN'S FINANCE (EIN 411694837) - 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

1991

Legal Domicile

Principal Officer

HEIDI HAGEL-BRAID

Phone

6123383023

Tax Period

2024-07-01 to 2025-06-30

FIRST CHILDREN'S FINANCE, founded in 1991, is a community nonprofit in the Human Services sector that reported $9.3M in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring.

Mission

FIRST CHILDREN'S FINANCE HELPS CHILDREN, FAMILIES AND COMMUNITIES THRIVE BY INCREASING THE AVAILABILITY, AFFORDABILITY AND QUALITY OF EARLY CARE AND EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,286,971

Program Service Revenue $2,350,094

Investment Income $635,701

Other Revenue $335

TOTAL REVENUE $9,273,101

Expense Breakdown

Grants Paid $1,569,357

Salaries & Benefits $6,195,396

Fundraising Expenses $396,178

Program Expenses $7,623,566

Other Expenses $2,245,450

TOTAL EXPENSES $10,010,203

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,273,101	$30,342,329	-0.7%
Expenses	$10,010,203	$31,549,339	-0.7%
Net Income	$-737,102	$-1,207,010	-0.4%

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

$987,104

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAFINA WILLIAMS	BOARD CHAIR	0.81	Officer Director	$0	$0	$0
SUZANNE HUMBERT	DIRECTOR	0.81	Director	$0	$0	$0
PATRICK SKILES	DIRECTOR	0.81	Director	$0	$0	$0
ELIZABETH DAVIS	DIRECTOR	0.81	Director	$0	$0	$0
WALTER GILLIAM	DIRECTOR (FORMER)	0.75	Director	$0	$0	$0
ROGER NEUGEBAUER	DIRECTOR (FORMER)	0.75	Director	$0	$0	$0
NICOLE BARCLIFF	DIRECTOR (FORMER)	0.75	Director	$0	$0	$0
KELLY ELKIN	DIRECTOR (FORMER)	0.75	Director	$0	$0	$0
DAVID ARENS	DIRECTOR (FORMER)	0.75	Director	$0	$0	$0
MELANIE BRIZZI	DIRECTOR (FORMER)	0.75	Director	$0	$0	$0
ALICIA BUTLER PIERRE	DIRECTOR (FORMER)	0.75	Director	$0	$0	$0
EDITH JOHNSON	DIRECTOR (FORMER)	0.75	Director	$0	$0	$0
MARIA MEDINA	DIRECTOR (FORMER)	0.75	Director	$0	$0	$0
GERALD CUTTS	PRESIDENT & CEO (FORMER)	40.00	Officer	$288,495	$0	$288,495
HEIDI HAGEL-BRAID	PRESIDENT & CEO	32.50	Officer	$195,221	$12,641	$207,862
BEN NICHOLIE	COO	32.50	Officer	$190,079	$16,353	$206,432
MICHAEL-JOHN MYETTE	CHIEF STATES OFFICER	30.00	Officer	$57,343	$8,307	$65,650
CHEYENNE MCGREGOR	CHIEF ADVANCEMENT OFFICER	32.50	Officer	$153,838	$0	$153,838
STACIE REINER	CFO	32.50	Officer	$56,758	$8,069	$64,827
ERICKA WARMACK AUSTIN	LENDING DIRECTOR	40.00	Highest	$136,452	$14,813	$151,265
SUZANNE PEARL	MINNESOTA DIRECTOR (FORMER)	30.00	Highest	$152,193	$7,580	$159,773
HEIDI SCHLUETER	IOWA REGIONAL DIRECTOR (FORMER)	30.00	Highest	$146,574	$5,384	$151,958
JESSICA BEYER	ASSOCIATE DIRECTOR - MN (FORMER)	30.00	Highest	$104,615	$12,998	$117,613
ANNE MCSWEENEY	DIRECTOR OF NATIONAL INIATIVES (FORMER)	30.00	Highest	$120,791	$2,712	$123,503

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
2025	$9,273,101	$10,010,203	$6,993,255	$-737,102
2024	$30,342,329	$31,549,339	$15,837,465	$-1,207,010
2023	$29,299,227	$23,126,208	$15,096,909	$6,173,019
2022	$9,546,912	$10,709,389	$10,144,998	$-1,162,477
2021	$4,134,768	$2,983,202	$8,206,336	$1,151,566
2020	$4,344,505	$2,484,954	$6,829,243	$1,859,551
2019	$1,828,616	$2,080,954	$4,623,662	$-252,338
2018	$1,818,437	$1,822,644	$4,581,172	$-4,207

FIRST CHILDREN'S FINANCE