HAPPY TIME CHILD DEVELOPMENT CENTER INC (EIN 420982401) - 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

1972

Legal Domicile

Principal Officer

JAMIE SCHOCH

Phone

3194724840

Tax Period

2024-10-01 to 2025-09-30

HAPPY TIME CHILD DEVELOPMENT CENTER INC, founded in 1972, is a small nonprofit that reported $177K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $553K exceeded revenue, resulting in a 213% operating deficit.

Mission

CHILD CARE AND PRESCHOOL SERVICES ARE PROVIDED TO AREA CHILDREN. SERVICES ARE AVAILABLE TO ALL CHILDREN; REDUCED RATES AND NO-CHARGE SERVICES ARE PROVIDED FOR LOW INCOME FAMILIES NOT ABLE TO PAY. CARE INCLUDES EDUCATIONAL PROGRAMS.

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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 $44,400

Program Service Revenue $377,033

Investment Income $-245,516

Other Revenue $749

TOTAL REVENUE $176,666

Expense Breakdown

Grants Paid $83,500

Salaries & Benefits $312,277

Fundraising Expenses $0

Program Expenses $483,883

Other Expenses $156,999

TOTAL EXPENSES $552,776

Year-over-Year Comparison

	2024	2023	Change
Revenue	$176,666	$429,969	-0.6%
Expenses	$552,776	$520,626	+0.1%
Net Income	$-376,110	$-90,657	+3.1%

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

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

$58,282

Total Directors

$323

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEIHA MCNEAL	EXECUTIVE DI	40.00	Officer	$57,959	$0	$57,959
SHELLEY SPANGLER	PRESIDENT	6.00	Officer Director	$0	$0	$0
ZACH JOHNSON	MEMBER	3.00	Officer Director	$0	$0	$0
ROBERT GAFFNEY	MEMBER	3.00	Officer Director	$0	$0	$0
JAMIE SCHOCH	TREASURER	6.00	Officer Director	$323	$0	$323
BARB JOHNSON	SECRETARY	3.00	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
2025	$176,666	$552,776	No data	$-376,110
2024	$429,969	$520,626	$910,178	$-90,657
2023	$491,002	$564,598	$985,461	$-73,596
2022	$875,078	$647,705	$1,101,667	$227,373
2021	$789,519	$688,041	$1,134,274	$101,478
2020	$560,912	$562,429	$688,647	$-1,517
2019	$445,282	$471,333	$530,151	$-26,051

HAPPY TIME CHILD DEVELOPMENT CENTER INC