First Rock Baptist Church Child De… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

Gladys F Holland

Phone

2025755859

Tax Period

2023-01-01 to 2023-12-31

First Rock Baptist Church Child Development Center, founded in 2006, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $803K, a strong 38% operating margin.

Mission

The purpose of the Child Development Center is to provide affordable child development, daycare services and meals to eligible children it serves in the Southeast section of Washington DC.

Program Service Accomplishments

Program 1

Expenses: $919,401 Revenue: $24,757

Child Development Services The Center provided the social, emotional, physical, spiritual and academic need for children 2 month to 5 years while enabling individuals (parents and guardians), who...

Child Development Services The Center provided the social, emotional, physical, spiritual and academic need for children 2 month to 5 years while enabling individuals (parents and guardians), who primarily come from the surrounding low-income neighborhood where the Center operates, to become and remain gainfully employed.

Program 2

Expenses: $113,920

Food Services The Center provides meals and snacks for the children at a reduced price or no cost based on the parents income status.

Program 3

Expenses: $46,988 Revenue: $128,514

Educate DC and Early Head Start CCP Early Head Start CCP is a community partnership where FRBC CDC partnered with Educare DC to provide more resources to some of our low-income families. Included in that partnership is Family Engagement Services, Teacher Coaching, and Health and Wellness services. The purpose of this project is to see if those additional services will help increase attendance rate and improve overall relationships between families and caregivers.

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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 $1,821,960

Program Service Revenue $153,271

Investment Income $42

Other Revenue $158,400

TOTAL REVENUE $2,133,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $997,999

Fundraising Expenses $0

Program Expenses $1,080,309

Other Expenses $332,372

TOTAL EXPENSES $1,330,371

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,133,673	$1,385,919	+0.5%
Expenses	$1,330,371	$1,484,077	-0.1%
Net Income	$803,302	$-98,158	-9.2%

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

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

$88,991

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gladys F Holland	Accountant	40.00	Officer	$86,631	$2,360	$88,991
Bertha Holman	Chairperson	2.00	Officer Director	$0	$0	$0
Chiquita Bennett-Clark	Director	1.00	Director	$0	$0	$0
Valerie Brown	Director	1.00	Director	$0	$0	$0
Rachel Franks	Director	1.00	Director	$0	$0	$0
Shaunda Clark	Director	1.00	Director	$0	$0	$0
Michelle Jones	Director	1.00	Director	$0	$0	$0
Bessie Marable	Director	1.00	Director	$0	$0	$0
Deborah Jackson	Director	1.00	Director	$0	$0	$0
Stephanie Roberts	Director	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	$2,133,673	$1,330,371	$1,213,540	$803,302
2022	$1,385,919	$1,484,077	$406,707	$-98,158
2021	$1,422,019	$1,385,661	$510,477	$36,358
2020	$1,507,123	$1,399,609	$673,972	$107,514
2019	$1,461,700	$1,351,987	$395,799	$109,713
2018	$1,301,115	$1,239,483	$295,174	$61,632

First Rock Baptist Church Child Development Center