CENTRAL FAITH CHILD DEVELOPMENT CE… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

LINDA TAFT

Phone

2544202931

Tax Period

2023-01-01 to 2023-12-31

CENTRAL FAITH CHILD DEVELOPMENT CENTER INC, founded in 2006, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE A CHILD CENTERED EDUCATIONAL PROGRAM AT A REASONABLE TUITION THAT WILL HONOR GOD IN A HIGH QUALITY CHRISTIAN BASED ENVIRONMENT BENEFITING BOTH OUR CHILDREN AND FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $1,530,104 Revenue: $1,378,747

CHILD CARE IS OFFERED TO THE GENERAL PUBLIC, VICTIMS IN THE FAMILY ABUSE CENTER, AS WELL AS FAMILIES INVOLVED WITH CPS (CHILD PROTECTIVE SERVICES) OR FAMILIES RECEIVING STATE FUNDING DUE TO LOW...

CHILD CARE IS OFFERED TO THE GENERAL PUBLIC, VICTIMS IN THE FAMILY ABUSE CENTER, AS WELL AS FAMILIES INVOLVED WITH CPS (CHILD PROTECTIVE SERVICES) OR FAMILIES RECEIVING STATE FUNDING DUE TO LOW INCOME OR BEING A FULL TIME STUDENT IN HIGH SCHOOL OR COLLEGE. CHILD CARE IS PROVIDED SO THAT FAMILIES CAN RECEIVE EDUCATION AND BECOME GAINFULLY EMPLOYED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $175,460

Program Service Revenue $1,376,329

Investment Income $5,009

Other Revenue $2,418

TOTAL REVENUE $1,559,216

Expense Breakdown

Grants Paid $236

Salaries & Benefits $1,177,043

Fundraising Expenses $0

Program Expenses $1,530,104

Other Expenses $529,395

TOTAL EXPENSES $1,706,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,559,216	$2,048,544	-0.2%
Expenses	$1,706,674	$1,933,652	-0.1%
Net Income	$-147,458	$114,892	-2.3%

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

N/A

Employees

Volunteers

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

$260,049

Total Directors

$101,064

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY GREANY	COMPLIANCE & NUTRITION DIRECTOR	40.00	Officer Director	$46,948	$6,502	$53,450
NORMA NUNEZ	ADMISSIONS DIRECTOR	40.00	Director	$39,892	$7,722	$47,614
COURTNEY PRICE	STAFF DIRECTOR	40.00	Officer	$68,583	$5,701	$74,284
LINDA TAFT	EXECUTIVE DIRECTOR	40.00	Officer	$109,621	$22,694	$132,315

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
2024	No data	No data	No data	No data
2023	$1,559,216	$1,706,674	$286,050	$-147,458
2022	$2,048,544	$1,933,652	$427,407	$114,892
2021	$1,794,111	$1,645,094	$313,666	$149,017
2020	$1,656,306	$1,663,932	$172,365	$-7,626
2019	$2,212,174	$2,174,367	$189,461	$37,807
2018	$2,001,274	$1,939,561	$136,848	$61,713

CENTRAL FAITH CHILD DEVELOPMENT CENTER INC