Children of Promise Childcare

EIN: 454082518 501(c)(3) Education

GARY, IN

Total Revenue
$237,531
Total Expenses
$168,374
Total Assets
$67,172
Net Assets
$67,172
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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
2020
Legal Domicile
IN
Principal Officer
Chivanda Goffin
Tax Period
2023-01-01 to 2023-12-31

Children of Promise Childcare, founded in 2020, is a small nonprofit in the Education sector that reported $238K in total revenue in fiscal year 2023. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $69K, a strong 29% operating margin.

Mission

PROVIDED CHILDCARE & MENTAL HEALTH RESOURCES FOR 40-50 INFANTS, PRESCHOOL & GRAMMAR SCHOOL AGE CHILDREN DURING BEFORE-SCHOOL AND AFTER-SCHOOL PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $237,531
Investment Income $0
Other Revenue $0
TOTAL REVENUE $237,531

Expense Breakdown

Grants Paid $0
Salaries & Benefits $94,904
Fundraising Expenses $0
Program Expenses $168,374
Other Expenses $73,470
TOTAL EXPENSES $168,374

Year-over-Year Comparison

2023 2022 Change
Revenue $237,531 $104,908 +1.3%
Expenses $168,374 $96,934 +0.7%
Net Income $69,157 $7,974 +7.7%
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
N/A
Employees
9
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
1
$12,453
Total Directors
3
$12,453
Key Employees
3
$36,125
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
C Goffin Exec Director 40
Officer Director Key Emp
$12,453 $0 $12,453
Anthony Goffin President 1
Director
$0 $0 $0
B Campbell Secretary 1
Director
$0 $0 $0
L Gilmore Teacher 40
Key Emp
$12,574 $0 $12,574
M Bennett Teacher 40
Key Emp
$11,098 $0 $11,098
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 $237,531 $168,374 $67,172 $69,157
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