FRESH START CHILD CARE ACADEMY INC (EIN 412067783) - 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

2002

Legal Domicile

Principal Officer

EVELYN D HIGGIN

Phone

3022527056

Tax Period

2023-01-01 to 2023-12-31

FRESH START CHILD CARE ACADEMY INC, founded in 2002, is a micro nonprofit in the Education sector that reported $81K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $285K exceeded revenue, resulting in a 254% operating deficit.

Mission

Provide excellent childcare services for the community and to maintain unbeatable academic social, emotional, spiritual growth and

🔒

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 $0

Program Service Revenue $80,516

Investment Income $0

Other Revenue $0

TOTAL REVENUE $80,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,117

Fundraising Expenses $0

Program Expenses $73,060

Other Expenses $245,248

TOTAL EXPENSES $285,365

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,516	$236,996	-0.7%
Expenses	$285,365	$283,392	+0.0%
Net Income	$-204,849	$-46,396	+3.4%

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

N/A

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

$3,990

Total Directors

$3,990

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVELYN D HIGGIN	PRESIDENT	20	Officer Director	$3,990	$0	$3,990
ARENA JAMES-HIGGIN	SECRETARY	4	Director	$0	$0	$0
DERRICK HIGGIN	TREASURER	4	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
2023	$80,516	$285,365	No data	$-204,849
2022	$236,996	$283,392	$204,849	$-46,396
2021	$401,948	$356,709	$71,245	$45,239
2020	$403,616	$440,113	$16,933	$-36,497
2019	$385,157	$364,730	$6,346	$20,427
2018	$308,395	$324,724	$3,619	$-16,329

FRESH START CHILD CARE ACADEMY INC