New Destiny Daycare and Learning Academy (EIN 454810885) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

Greg Cole

Phone

6014799553

Tax Period

2023-01-01 to 2023-12-31

New Destiny Daycare and Learning Academy, founded in 2012, is a small nonprofit that reported $595K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $709K exceeded revenue, resulting in a 19% operating deficit.

Mission

Partner with the community by providing childcare & educational services to low-income families.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $439,198

Program Service Revenue $155,603

Investment Income $0

Other Revenue $0

TOTAL REVENUE $594,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $470,027

Fundraising Expenses $0

Program Expenses $546,501

Other Expenses $238,484

TOTAL EXPENSES $708,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$594,801	$1,446,847	-0.6%
Expenses	$708,511	$1,286,403	-0.4%
Net Income	$-113,710	$160,444	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

$58,825

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG COLE	TREASURER	20.00	Director	$58,825	$0	$58,825
LABARON HEDGEMON	DIRECTOR	20.00	Director	$0	$0	$0
AMY CARTER	DIRECTOR	20.00	Director	$0	$0	$0
MARLON AUSTIN	DIRECTOR	20.00	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	$594,801	$708,511	$182,823	$-113,710
2022	$1,446,847	$1,286,403	$296,533	$160,444
2021	$644,072	$566,851	$136,089	$77,221
2020	$549,199	$554,933	$58,869	$-5,734
2019	$603,645	$624,248	$64,603	$-20,603

New Destiny Daycare and Learning Academy