MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
FIRST CHILDREN'S FINANCE (FCF) GROWS THE SUPPLY AND SUSTAINABILITY OF HIGH-QUALITY CHILD CARE BY STRENGTHENING THE BUSINESS AND FINANCIAL FOUNDATIONS OF THE SECTOR. FOUNDED IN 1991, FCF IS A NATIONAL NONPROFIT HEADQUARTERED IN MINNEAPOLIS, MINNESOTA, WITH STATE OFFICES IN MICHIGAN, MINNESOTA, IOWA, OREGON, AND VERMONT. FCF PROVIDES FINANCING, BUSINESS TRAINING, AND CONSULTING TO CHILD CARE ENTREPRENEURS, WHILE PARTNERING WITH PUBLIC, PRIVATE, AND TRIBAL STAKEHOLDERS TO ADVANCE POLICIES AND FUNDING STRATEGIES THAT CREATE SUSTAINABLE CHILD CARE SYSTEMS.
FINANCIAL ASSISTANCE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) LOAN FUNDAS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), FIRST CHILDREN'S FINANCE (FCF) PROVIDES FLEXIBLE...
FINANCIAL ASSISTANCE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) LOAN FUNDAS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), FIRST CHILDREN'S FINANCE (FCF) PROVIDES FLEXIBLE, MISSION-DRIVEN CAPITAL TO CHILD CARE BUSINESSES THAT OFTEN FACE BARRIERS TO TRADITIONAL FINANCING. OUR LENDING PROGRAM STRENGTHENS THE BUSINESS FOUNDATION OF CHILD CARE PROVIDERS SERVING LOW- AND MODERATE-INCOME FAMILIES, HELPING THEM GROW, STABILIZE, AND SUSTAIN HIGH-QUALITY EARLY CARE AND EDUCATION.FCF IS THE ONLY CDFI IN THE NATION EXCLUSIVELY FOCUSED ON CHILD CARE, COMBINING FINANCIAL EXPERTISE WITH DEEP, SECTOR-SPECIFIC KNOWLEDGE. EVERY LOAN IS PAIRED WITH TAILORED TECHNICAL ASSISTANCE THAT BUILDS THE BORROWER'S CAPACITY IN BUSINESS PLANNING, CASH FLOW MANAGEMENT, AND LONG-TERM SUSTAINABILITY. THIS INTEGRATED APPROACH ENSURES THAT EACH INVESTMENT STRENGTHENS BOTH THE INDIVIDUAL BUSINESS AND THE BROADER CHILD CARE ECOSYSTEM.THE FCF LOAN FUND OPERATES ACROSS TEN STATESIOWA, MICHIGAN, MINNESOTA, MISSOURI, NORTH DAKOTA, SOUTH DAKOTA, OREGON, TEXAS, VERMONT, AND WISCONSINSUPPORTING FAMILY CHILD CARE HOMES AND CENTERS IN BOTH RURAL AND URBAN COMMUNITIES. IN FY2025, THE LOAN FUND ORIGINATED 41 LOANS TOTALING $1.6 MILLION, DIRECTLY SUPPORTING 14 FAMILY CHILD CARE PROVIDERS AND 27 CENTERS. THESE INVESTMENTS HELPED CREATE OR PRESERVE 1,830 CHILD CARE SPACES AND 406 JOBS, EXPANDING ACCESS TO QUALITY CARE WHERE IT IS MOST NEEDED.SINCE ITS INCEPTION, THE LOAN FUND HAS ORIGINATED 795 LOANS TOTALING MORE THAN $20 MILLION, RESULTING IN THE CREATION OR RETENTION OF 26,226 CHILD CARE SLOTS AND 4,296 JOBS NATIONWIDE. BEYOND FINANCING, EACH BORROWER BENEFITS FROM INDIVIDUALIZED COACHING AND ACCESS TO BUSINESS SUPPORT SERVICES, ENSURING THAT THE IMPACT OF EVERY DOLLAR EXTENDS WELL BEYOND A SINGLE LOANBUILDING LASTING STABILITY AND GROWTH IN THE CHILD CARE SECTOR.
1. BUSINESS SUPPORT FOR CHILD CARE ENTREPRENEURSFCF PROVIDES TAILORED BUSINESS DEVELOPMENT SERVICES TO CHILD CARE ENTREPRENEURS AT EVERY STAGESTART-UP, STABILIZATION, GROWTH, AND SUCCESSION. OUR...
1. BUSINESS SUPPORT FOR CHILD CARE ENTREPRENEURSFCF PROVIDES TAILORED BUSINESS DEVELOPMENT SERVICES TO CHILD CARE ENTREPRENEURS AT EVERY STAGESTART-UP, STABILIZATION, GROWTH, AND SUCCESSION. OUR STAFF DELIVER ONE-ON-ONE CONSULTING, GROUP TRAINING, AND ACCESS TO FINANCING AND BUSINESS TOOLS THAT IMPROVE SUSTAINABILITY AND QUALITY. IN FY2025, FCF SUPPORTED 3,367 CHILD CARE BUSINESSES, OFFERING 254 TRAININGS AND 53 COHORT-BASED PROGRAMS ACROSS MULTIPLE STATES. IN IOWA, 77 BUSINESS OWNERS COMPLETED OUR BUSINESS & FINANCIAL FUNDAMENTALS SERIES, WITH 84% REPORTING MEASURABLE IMPROVEMENT IN FINANCIAL AND MANAGEMENT PRACTICES. THESE EFFORTS STRENGTHEN SMALL BUSINESSES SERVING LOW- AND MODERATE-INCOME FAMILIES.2. BUILDING LOCAL CHILD CARE CAPACITYFCF PARTNERS WITH COMMUNITIES TO INCREASE THE SUPPLY AND STABILITY OF CHILD CARE THAT MEETS LOCAL WORKFORCE AND FAMILY NEEDS. THROUGH DATA-DRIVEN CONSULTATION, FINANCIAL MODELING, AND STRATEGIC PLANNING, FCF SUPPORTED 122 COMMUNITIES NATIONWIDE IN FY2025. OUR RURAL CHILD CARE INNOVATION PROGRAM AND RELATED INITIATIVES HELPED MORE THAN 45 COMMUNITIES CONDUCT SUPPLY-AND-DEMAND ANALYSES, IDENTIFY BARRIERS, AND IMPLEMENT LOCAL SOLUTIONSTURNING CHILD CARE DESERTS INTO SUSTAINABLE SYSTEMS. THIS WORK DIRECTLY CONTRIBUTED TO THE CREATION OR PRESERVATION OF 5,743 CHILD CARE SLOTS ACROSS INFANT, TODDLER, PRESCHOOL, AND SCHOOL-AGE PROGRAMS.3. STRENGTHENING THE CHILD CARE INFRASTRUCTUREFCF COLLABORATES WITH STATE, TRIBAL, AND FEDERAL PARTNERS TO DESIGN AND IMPLEMENT POLICIES AND FUNDING STRATEGIES THAT IMPROVE THE LONG-TERM VIABILITY OF CHILD CARE BUSINESSES. IN FY2025, WE WORKED WITH 11 STATE OR SYSTEM PARTNERS AND MORE THAN A DOZEN TRIBAL NATIONS TO CONDUCT COST-OF-CARE STUDIES, ADVISE ON ARPA FUNDING, AND DEVELOP ACTIONABLE BUSINESS AND SUSTAINABILITY PLANS. FCF CONVENED THE FIRST TRIBAL NATIONS EARLY CHILDHOOD BUSINESS COLLABORATORY, BRINGING TOGETHER 10 TRIBAL NATIONS TO MAP CHILD CARE ECOSYSTEMS AND SET PRIORITIES FOR INVESTMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare FIRST CHILDREN'S FINANCE with other nonprofits in Minnesota and across the country.