Commerce Department Child Developm… - 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

1988

Legal Domicile

Principal Officer

Clarence Snodgrass

Tax Period

2022-01-01 to 2022-12-31

Commerce Department Child Development Center, founded in 1988, is a small nonprofit in the Human Services sector that reported $244K in total revenue in fiscal year 2022. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $276K exceeded revenue, resulting in a 13% operating deficit.

Mission

To provide a comprehensive program of quality child care that focuses on the whole needs of the child. We believe that a childs emotional, social, physical, and intellectual development are all equally important. At CDCDC, children have the freedom and support to develop.

Program Service Accomplishments

Program 1

Expenses: $146,162 Revenue: $153,840

The Organizations only program is to provide quality daycare for children ages 3 months to 5 years old of Commerce Department employees, federal employees working in the downtown DC area, and others...

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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 (2022)

Revenue Breakdown

Contributions & Grants $89,588

Program Service Revenue $153,840

Investment Income $719

Other Revenue $49

TOTAL REVENUE $244,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $232,371

Fundraising Expenses $0

Program Expenses $146,162

Other Expenses $43,786

TOTAL EXPENSES $276,157

Year-over-Year Comparison

	2022	2021	Change
Revenue	$244,196	$164,586	+0.5%
Expenses	$276,157	$116,006	+1.4%
Net Income	$-31,961	$48,580	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Roark	Director	2.00	Director	$0	$0	$0
Liz Chien	Director	2.00	Director	$0	$0	$0
John Guinan	Director	2.00	Director	$0	$0	$0
Bryan Boyle	Director	2.00	Director	$0	$0	$0
Clarence Snodgrass	President	6.00	Officer 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
2022	$244,196	$276,157	$51,847	$-31,961
2021	$164,586	$116,006	$80,385	$48,580
2020	$488,491	$543,219	$231,761	$-54,728
2019	$1,184,235	$1,224,322	$125,663	$-40,087
2018	$1,145,900	$1,234,895	$212,714	$-88,995

Commerce Department Child Development Center