Bloomfield Early Learning Center Inc (EIN 510202871) - Form 990 Financial Analysis & Trantor Score

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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

1973

Legal Domicile

Principal Officer

Karen Yorker

Phone

8602432665

Tax Period

2020-07-01 to 2021-06-30

Bloomfield Early Learning Center Inc, founded in 1973, is a small nonprofit that reported $762K in total revenue in fiscal year 2020.

Mission

The Organization provides childcare and early childhood education to families with low/moderate income from Bloomfield and surrounding communities. The Organization offers programs that allow each preschool aged child to achieve their full potential.

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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 (2020)

Revenue Breakdown

Contributions & Grants $596,665

Program Service Revenue $165,953

Investment Income $266

Other Revenue $-699

TOTAL REVENUE $762,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $526,112

Fundraising Expenses $0

Program Expenses $671,943

Other Expenses $280,193

TOTAL EXPENSES $806,305

Year-over-Year Comparison

	2020	2019	Change
Revenue	$762,185	$725,514	+0.1%
Expenses	$806,305	$891,750	-0.1%
Net Income	$-44,120	$-166,236	-0.7%

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

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

$106,882

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Ann Harris	Finance Director	40.00	Officer	$52,464	$2,089	$54,553
Karen Yorker	Program Director	40.00	Officer	$49,462	$2,867	$52,329
Janice Silimon	Chairperson	1.00	Officer Director	$0	$0	$0
Meredith Johnson	Vice Chairperson	1.00	Officer Director	$0	$0	$0
Hassan Raja	Treasurer	1.00	Officer Director	$0	$0	$0
Latesha Wilkerson	Secretary	1.00	Officer Director	$0	$0	$0
Kenneth McClary	Director	1.00	Director	$0	$0	$0
Joseph Suggs	Director & Consultant	1.00	Director	$0	$0	$0
Richard Scott	Director & Finance Coordinator	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
2021	$762,185	$806,305	$1,356,499	$-44,120
2020	$725,514	$891,750	$1,354,418	$-166,236
2019	$1,225,477	$1,218,122	$1,400,283	$7,355

Bloomfield Early Learning Center Inc