HAPPY TIME CHILD DEVELOPMENT CENTER INC

EIN: 420982401 501(c)(3)

VINTON, IA

Total Revenue
$176,666
Total Expenses
$552,776
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
IA
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.

Program Service Accomplishments

Program 1
Expenses: $483,883 Revenue: $131,517

CHILD CARE AND PRESCHOOL SERVICES ARE PROVIDED TO OVER 100 AREA CHILDREN THROUGHOUT THE YEAR. SCHOLARSHIPS ARE PROVIDED FOR CHILDREN FROM LOW INCOME FAMILIES UNABLE TO PAY.

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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%)

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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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
37
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
6
$58,282
Total Directors
5
$323
Key Employees
0
$0
Highest Compensated
0
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
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