MERRIFIELD CHILD DEVELOPMENT ACADEMY

EIN: 453213444 501(c)(3) Education

Falls Church, VA

Total Revenue
$398,185
Total Expenses
$480,890
Total Assets
$617,768
Net Assets
$617,768
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
VA
Principal Officer
DARLENE FALTZ
Phone
7032040203
Tax Period
2022-07-01 to 2023-06-30

MERRIFIELD CHILD DEVELOPMENT ACADEMY, founded in 2011, is a small nonprofit in the Education sector that reported $398K in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Expenses of $481K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE ACADEMY IS ORGANIZED EXCLUSIVELY FOR CHILDCARE, EDUCATIONAL, RELIGIOUS, AND CHARITABLE PURPOSES WITH PRIMARY EMPHASIS ON CHILDCARE SERVICES

Program Service Accomplishments

Program 1
Expenses: $411,541 Revenue: $195,142

ACADEMY SCHOOL YEAR AND SUMMER PROGRAM ACTIVITIES FOR TODDLERS AND AFTER-SCHOOL PROGRAM FOR ELEMENTARY-LEVEL SCHOOL CHILDREN

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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 (2022)

Revenue Breakdown

Contributions & Grants $202,645
Program Service Revenue $195,142
Investment Income $398
Other Revenue $0
TOTAL REVENUE $398,185

Expense Breakdown

Grants Paid $0
Salaries & Benefits $368,795
Fundraising Expenses $0
Program Expenses $411,541
Other Expenses $112,095
TOTAL EXPENSES $480,890

Year-over-Year Comparison

2022 2021 Change
Revenue $398,185 $443,988 -0.1%
Expenses $480,890 $364,960 +0.3%
Net Income $-82,705 $79,028 -2.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
16
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
0
$0
Total Directors
5
$100,405
Key Employees
2
$100,405
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARLENE FALTZ PRESIDENT 10.00
Director
$0 $0 $0
PAUL SAFFORD TREASURER 20.00
Director
$0 $0 $0
CHARLES AVERY SECRETARY 10.00
Director
$0 $0 $0
SUSAN THIBEAUDEA DIRECTOR 40.00
Director Key Emp
$33,500 $0 $33,500
DESERIE ROANE DIRECTOR 40.00
Director Key Emp Highest
$66,905 $0 $66,905
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
2023 $398,185 $480,890 $617,768 $-82,705
2023 $168,293 $356,668 No data $-188,375
2022 $443,988 $364,960 $700,528 $79,028
2021 $259,352 $210,684 $621,503 $48,668
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