FAIRBANK COMMUNITY DAYCARE CENTER 42970

EIN: 421527111 501(c)(3)

FAIRBANK, IA

Total Revenue
$554,369
Total Expenses
$576,875
Total Assets
$688,911
Net Assets
$595,145
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IA
Principal Officer
BETSY WIERCK
Phone
3196352355
Tax Period
2023-12-01 to 2024-11-30

FAIRBANK COMMUNITY DAYCARE CENTER 42970, founded in 2001, is a small nonprofit that reported $554K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE AFFORDABLE DAYCARE TO YOUNG PARENTS OF THE COMMUNITIES IN THE SURROUNDING AREA.

Program Service Accomplishments

Program 1
Expenses: $558,025 Revenue: $454,145

DAYCARE PROVIDED FOR COMMUNITIES OF THE BUCHANAN CO., IOWA AREA. THE DAYCARE IS AT AN AFFORDABLE COST TO YOUNG PARENTS OF THE COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $90,850
Program Service Revenue $454,145
Investment Income $0
Other Revenue $9,374
TOTAL REVENUE $554,369

Expense Breakdown

Grants Paid $0
Salaries & Benefits $458,231
Fundraising Expenses $0
Program Expenses $558,025
Other Expenses $118,644
TOTAL EXPENSES $576,875

Year-over-Year Comparison

2023 2022 Change
Revenue $554,369 $737,422 -0.2%
Expenses $576,875 $511,776 +0.1%
Net Income $-22,506 $225,646 -1.1%
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
38
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
2
$43,186
Total Directors
6
$43,186
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANECE SILVA CENTER DIREC 40.00
Officer Director
$43,186 $0 $43,186
BETSY WIERCK PRESIDENT 2.00
Officer Director
$0 $0 $0
CONNOR WOODS DIRECTOR 0.50
Director
$0 $0 $0
MIKE GRUETZMACHER DIRECTOR 0.50
Director
$0 $0 $0
ROSS STOTTMEISTER DIRECTOR 0.50
Director
$0 $0 $0
ALEXIS RAUSCH DIRECTOR 0.50
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 No data No data No data No data
2024 $554,369 $576,875 $688,911 $-22,506
2023 $737,422 $511,776 $714,202 $225,646
2022 $573,666 $448,439 $493,909 $125,227
2021 $539,797 $368,196 $372,204 $171,601
2020 $274,248 $256,438 $205,309 $17,810
2019 $298,093 $287,623 $192,888 $10,470
2018 $293,431 $289,906 $185,711 $3,525
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