FIRST LIGHT CHILD CARE INC (EIN 453126289) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

CLINT LANGER

Phone

3076730403

Tax Period

2022-01-01 to 2022-12-31

FIRST LIGHT CHILD CARE INC, founded in 2008, is a small nonprofit that reported $297K in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. Expenses of $473K exceeded revenue, resulting in a 60% operating deficit.

Mission

TO PROVIDE A COMMUNITY OF HEALTHY FAMILIES BY PROVIDING A SECURE AND LOVING PROGRAM PARTNERING WITH FAMILIES TO DEVELOP VIRTUE, VALUES, AND CHARACTER WHILE INSPIRING SUCCESS IN SCHOOL AND IN LIFE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $118,926

Program Service Revenue $176,860

Investment Income $-2,285

Other Revenue $3,030

TOTAL REVENUE $296,531

Expense Breakdown

Grants Paid $100

Salaries & Benefits $281,006

Fundraising Expenses $0

Program Expenses $401,951

Other Expenses $192,375

TOTAL EXPENSES $473,481

Year-over-Year Comparison

	2022	2021	Change
Revenue	$296,531	$359,289	-0.2%
Expenses	$473,481	$362,395	+0.3%
Net Income	$-176,950	$-3,106	+56.0%

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

Governance

Voting Members

Independent Members

Employees

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

$96,400

Total Directors

$96,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN METCALF	EXECUTIVE DI	40.00	Officer Director	$96,400	$0	$96,400
HANNAH BARNES	BOARD MEMBER	2.00	Director	$0	$0	$0
CLINT LANGER	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
CASEY H OSBORN	PRESIDENT	2.00	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
2022	$296,531	$473,481	No data	$-176,950
2021	$359,289	$362,395	$178,954	$-3,106
2020	$491,550	$504,535	$96,003	$-12,985
2019	$634,109	$691,282	$25,498	$-57,173
2018	$807,927	$775,380	$84,317	$32,547

FIRST LIGHT CHILD CARE INC