PRECIOUS MEMORIES CHILD CARE INC

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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

1988

Legal Domicile

Principal Officer

RACHEL SNOW

Phone

4023417720

Tax Period

2021-01-01 to 2021-12-31

PRECIOUS MEMORIES CHILD CARE INC, founded in 1988, is a small nonprofit that reported $179K in total revenue in fiscal year 2021. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $309K exceeded revenue, resulting in a 72% operating deficit.

Mission

THE ORGANIZATION PROVIDES DAY CARE SERVICES TO LOW INCOME FAMILIES WHO MANY TIMES HAVE NO WHERE ELSE TO TURN FOR SUPPORT. MANY OF THE CHILDREN SERVED HAVE SPECIAL NEEDS AND REQUIRE SPECIAL CARE THAT IS NOT AVAILABLE IN OTHER DAY CARE FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $290,748 Revenue: $212,254

PRECIOUS MEMORIES CHILD CARE, INC. PROVIDES CHILD CARE WHILE PARENTS EITHER WORK AT LOW-PAYING JOBS OR ATTEND HIGH SCHOOL JOB TRAINING OR GED CLASSES. APPROXIMATEY ONE-HALF OF THE CHILDREN ARE UNDER CHILD PROTECTIVE SERVICES (CPS) AND HAVE BEEN THROUGH THE COURT SYSTEM FOR ABUSE AND/OR NEGLECT.THE AVERAGE DAILY ATTENDANCE VARIES. MEALS CONSISTING OF BREAKFASTS, LUNCHES AND SNACKS ARE PROVIDED TO THE CHILDREN SERVED.MANY OF THE CHILDREN HAVE SERIOUS DISABILITIES SUCH AS SPINA BIFADA, CEREBRAL PALSY, AUTISM AND FETAL ALCOHOL SYNDROME. IN ADDITION, MANY OF THE CHILDREN HAVE SERIOUS BEHAVORIAL PROBLEMS. THE STAFF WORK WITH PARENTS TO HELP CONTROL THESE VIOLENT BEHAVIORS.MOST OF THE CHILDREN SERVED ARE FROM FAMILIES WHO FALL BELOW THE POVERTY INCOME LEVELS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $212,254

Investment Income $-33,315

Other Revenue $0

TOTAL REVENUE $178,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $195,192

Fundraising Expenses $0

Program Expenses $290,748

Other Expenses $113,376

TOTAL EXPENSES $308,568

Year-over-Year Comparison

	2021	2020	Change
Revenue	$178,939	$375,173	-0.5%
Expenses	$308,568	$351,429	-0.1%
Net Income	$-129,629	$23,744	-6.5%

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

N/A

Employees

N/A

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

Total Directors

$42,374

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY CASKELL	DIRECTOR	0.50	Officer Director	$0	$0	$0
KIMBERLY FRANCO	TREASURER/DIRECTOR	0.50	Officer Director	$0	$0	$0
DR BRETT KUHN	TRUSTEE	0.50	Director	$0	$0	$0
JAMES MONAHAN	TRUSTEE	0.50	Director	$0	$0	$0
KATHY BEERS	TRUSTEE	0.50	Director	$0	$0	$0
RACHEL SNOW	DIRECTOR	40.00	Director	$42,374	$0	$42,374
PATRICK FULLENKAMP-STILL	PRESIDENT	0.50	Officer	$0	$0	$0
ANNE SEVERES	SECRETARY	0.50	Officer	$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
2021	$178,939	$308,568	No data	$-129,629
2020	$375,173	$351,429	$128,828	$23,744
2019	$435,656	$386,846	$106,455	$48,810
2018	$420,510	$394,661	$59,086	$25,849