Coralville, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HANDICARE INC, founded in 1982, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.
The mission of Handicare, Inc. is to provide quality care and education to children in a caring and cost-effective manner. To provide developmentally appropriate activities which help the children achieve school readiness and socialization skills, including early intervention and individual adaptations for children as needed. To be supportive of the family unit with flexible schedules and service coordination. To provide care from infancy to nine years of age, with early (Continued from Part III, Line 1) care and education for infants, toddlers and preschool curriculum for 3 to 5-year olds, and before and after school and full-time care during summer and school breaks.
Handicare provides childcare to children ages 6 weeks old through third grade. Our three programs begin with an infant-toddler program for children through age 2. Children then move to our preschool...
Handicare provides childcare to children ages 6 weeks old through third grade. Our three programs begin with an infant-toddler program for children through age 2. Children then move to our preschool curriculum for ages 3-4. We partner with the Iowa City Community School District to offer a free, 3-hour preschool program (four days/week) taught by a licensed teacher, and we also incorporate elements of the curriculum into the rest of our childcare for 3-4-year old's. Our before-and-after school program and summer kids' club serve school-aged children in grades K-3. Handicare serves neurotypical and special needs children, and we prioritize care and education that are developmentally appropriate and inclusive. We welcome under-served populations, including families who receive childcare assistance. We value collaboration among our staff, families, and community partners; connection, embodied in compassionate and understanding care; and creative learning that makes education meaningful and resonant for our children. In 2023 we were able to hire an Operations Manager to strengthen our Administrative Team. We completed the upstairs remodel (installed new flooring throughout, painted rooms, updated offices). We began the first stages of a playground upgrade with plans to complete in 2024. We continued work on obtaining our IQ4K Certificate of Quality from the state of Iowa (this is (Continued from Part III, Line4a) voluntary and reflects the quality of the program). Our playground upgrade was completed in late spring of 2024. We upgraded all aspects of the playground, making a more natural play space. We also included a sandbox area. We also achieved Level One in the IQ4k Certification of Quality programs. This will expire in 2026 at which time we will apply for Level Two.
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 | $1,959,909 | $1,689,551 | +0.2% |
| Expenses | $1,988,831 | $1,864,872 | +0.1% |
| Net Income | $-28,922 | $-175,321 | -0.8% |
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 |
|---|---|---|---|---|---|---|
| Laura Lage | Executive Director | 40 |
Officer
|
$61,513 | $3,107 | $64,620 |
| Donnie Stanley | Operations Manager | 40 |
Officer
|
$55,753 | $0 | $55,753 |
| Dominica Rehbein | President | 0.3 |
Officer
Director
|
$0 | $0 | $0 |
| Blake Laughton | Vice President | 0.3 |
Officer
Director
|
$0 | $0 | $0 |
| Adam Klotz | Treasurer | 0.3 |
Officer
Director
|
$0 | $0 | $0 |
| Kendra Everest | Secretary | 0.3 |
Officer
Director
|
$0 | $0 | $0 |
| Suleyman Aslan | Member | 0.3 |
Director
|
$0 | $0 | $0 |
| Kendra Belski | Member | 0.3 |
Director
|
$0 | $0 | $0 |
| Ellie Campbell | Member | 0.30 |
Director
|
$0 | $0 | $0 |
| Ellen Chambers | Member | 0.3 |
Officer
Director
|
$0 | $0 | $0 |
| Chetie Daniels | Member | 0.3 |
Director
|
$0 | $0 | $0 |
| Bryan Dannen | Member | 0.3 |
Director
|
$0 | $0 | $0 |
| Adam Spieker | Member | 0.3 |
Director
|
$0 | $0 | $0 |
| Tricia Suarez | President (Partial Year) | 0.3 |
Director
|
$0 | $0 | $0 |
| Heather Youngquist | Member (Partial Year) | 0.3 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,959,909 | $1,988,831 | $1,480,382 | $-28,922 |
| 2023 | $1,689,551 | $1,864,872 | $1,528,673 | $-175,321 |
| 2022 | $2,031,641 | $1,580,096 | $1,573,410 | $451,545 |
| 2021 | $1,828,766 | $1,325,867 | $1,125,639 | $502,899 |
| 2020 | $1,157,021 | $1,133,129 | $626,152 | $23,892 |
| 2019 | $1,532,575 | $1,385,832 | $597,347 | $146,743 |
| 2018 | $1,361,250 | $1,456,777 | $653,724 | $-95,527 |
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