GRACE ASSEMBLY DAY CARE

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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

2012

Legal Domicile

Principal Officer

DENISE PAGANELLI

Phone

6104955270

Tax Period

2023-01-01 to 2023-12-31

GRACE ASSEMBLY DAY CARE, founded in 2012, is a small nonprofit in the Human Services sector that reported $812K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

OUR MISSION IS TO REACH OUT TO OUR COMMUNITY WITH THE GRACE AND LOVE OF GOD THROUGH THE CARE AND EDUCATION OF CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $804,487 Revenue: $769,646

WE ARE A PA KEY STAR 2 EARLY CHILDHOOD LEARNING CENTER AND PROVIDE EDUCATION AND CARE TO CHILDREN FROM 6 WEEKS THROUGH KINDERGARTEN AGES. WE ARE OPEN YEAR-ROUND AND OPERATE IN COMPLIANCE WITH THE...

WE ARE A PA KEY STAR 2 EARLY CHILDHOOD LEARNING CENTER AND PROVIDE EDUCATION AND CARE TO CHILDREN FROM 6 WEEKS THROUGH KINDERGARTEN AGES. WE ARE OPEN YEAR-ROUND AND OPERATE IN COMPLIANCE WITH THE PENNSYLVANIA DEPARTMENT OF HUMAN SERVICES AND THE OFFICE OF CHILD DEVELOPMENT AND EARLY LEARNING. OUR SERVICES ARE AVAILABLE TO BOTH PRIVATE PAY AND SUBSIDIZED FAMILIES IN OUR COMMUNITY.ENROLLMENT FOR 2023 REFLECTED CONSISTENCY IN SERVICE.AS ANTICIPATED THE 2023 EMPLOYEE WAGE SCALE IMPLEMENTATION HAS PRODUCED A FINANCIAL DEFICIT FOR THE YEAR AND HAS BEEN SUBSIDIZED BY GRANT FUNDS ACQUIRED FOR THIS PURPOSE. WE ARE BUDGETED TO REGAIN BALANCE WITHIN THE NEXT 24 MONTHS THROUGH INCREMENTAL TUITION INCREASES, IN ADDITION TO STREAMLINING STAFFING AND BUDGET CUTS.CONTINUATION OF LOOPING PRESCHOOL AND PREK CLASSES PROVIDES STABILITY FOR 3-AND 4-YEAR-OLD 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $32,295

Program Service Revenue $769,536

Investment Income $9,819

Other Revenue $110

TOTAL REVENUE $811,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $716,805

Fundraising Expenses $683

Program Expenses $804,487

Other Expenses $163,830

TOTAL EXPENSES $880,635

Year-over-Year Comparison

	2023	2022	Change
Revenue	$811,760	$878,238	-0.1%
Expenses	$880,635	$752,944	+0.2%
Net Income	$-68,875	$125,294	-1.5%

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

$56,074

Total Directors

$111,265

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE PAGANELLI	PRESIDENT AND EXECUTIVE DI	50.00	Officer Director	$56,074	$0	$56,074
SCOTT FITZGERALD	SECRETARY	1.00	Officer Director	$0	$0	$0
JACQUELINE DIPPOLD	BOARD MEMBER	40.00	Director	$55,191	$0	$55,191
CHRIS CZUCHRA	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$811,760	$880,635	$392,064	$-68,875
2022	$878,238	$752,944	$460,939	$125,294
2021	$1,020,393	$708,608	$335,645	$311,785
2020	$610,261	$681,276	$147,160	$-71,015
2019	$787,501	$768,084	$94,875	$19,417
2018	$668,799	$677,568	$77,253	$-8,769