FOUNDATION FOR THE LIVELINESS OF CHILDREN

EIN: 452671557 501(c)(3) Education

LOUISVILLE, KY

Total Revenue
$188,459
Total Expenses
$186,888
Total Assets
$47,911
Net Assets
$47,911
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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
2011
Legal Domicile
KY
Principal Officer
MOLLY A CANNON
Phone
5027442801
Tax Period
2024-01-01 to 2024-12-31

FOUNDATION FOR THE LIVELINESS OF CHILDREN, founded in 2011, is a small nonprofit in the Education sector that reported $188K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

OPERATION OF AN EARLY CHILDCARE CENTER PROMOTING THE LIFEWAYS MISSION

Program Service Accomplishments

Program 1
Expenses: $172,227 Revenue: $142,809

THE ORGANIZATION PROVIDES CHILDCARE SERVICES FOR THE BETTERMENT OF THE CHILDREN AND THOSE INVOLVED. THROUGHOUT 2024 THERE WAS AN AVERAGE ENROLLMENT OF 22 STUDENTS PER DAY RANGING FROM THE AGES OF 0-4...

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THE ORGANIZATION PROVIDES CHILDCARE SERVICES FOR THE BETTERMENT OF THE CHILDREN AND THOSE INVOLVED. THROUGHOUT 2024 THERE WAS AN AVERAGE ENROLLMENT OF 22 STUDENTS PER DAY RANGING FROM THE AGES OF 0-4 YEARS OLD.

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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 $45,650
Program Service Revenue $142,809
Investment Income $0
Other Revenue $0
TOTAL REVENUE $188,459

Expense Breakdown

Grants Paid $0
Salaries & Benefits $118,033
Fundraising Expenses $0
Program Expenses $172,227
Other Expenses $68,855
TOTAL EXPENSES $186,888

Year-over-Year Comparison

2024 2023 Change
Revenue $188,459 $273,594 -0.3%
Expenses $186,888 $229,548 -0.2%
Net Income $1,571 $44,046 -1.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
22
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
3
$42,875
Total Directors
3
$42,875
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOLLY A CANNON PRESIDENT AND DIRECTOR OF 60.00
Officer Director
$42,875 $0 $42,875
KATE CANNON SECRETARY 1.00
Officer Director
$0 $0 $0
ELIZABETH BINGHAM TREASURER 6.00
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
2024 $188,459 $186,888 $47,911 $1,571
2023 $273,594 $229,548 $46,340 $44,046
2022 $253,153 $260,074 $8,530 $-6,921
2021 $320,188 $274,882 $16,686 $45,306
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