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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Tuckman-Chang Vulnerability Assessment

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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 $259K in total revenue in fiscal year 2020. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $49K, a strong 19% operating margin.

Mission

THE ACADEMY IS ORGANIZED EXCLUSIVELY FOR CHILDCARE, EDUCATIONAL RELIGIOUS AND CHARITABLE PURPOSES, PRIMARY FOCUS ON CHILDCARE

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Trantor Score

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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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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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