SONSHINE DAY PRESCHOOL INC

EIN: 592965294 501(c)(3)

GAINESVILLE, FL

Total Revenue
$1,388,091
Total Expenses
$1,538,063
Total Assets
$550,818
Net Assets
$550,818
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
FL
Tax Period
2023-08-01 to 2024-07-31

SONSHINE DAY PRESCHOOL INC, founded in 1988, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

SONSHINE DAY PRESCHOOLS MISSION IS TO PARTNER WITH THE HOME AND CHURCH TO PROVIDE A LOVING, SECURE CHRISTIAN ENVIRONMENT WHERE DEDICATED STAFF CARE FOR, NUTURE, AND TEACH YOUNG CHILDREN TO KNOW, HONOR, AND SERVE GOD.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $111,918
Program Service Revenue $1,267,874
Investment Income $52
Other Revenue $8,247
TOTAL REVENUE $1,388,091

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,311,328
Fundraising Expenses $111,509
Program Expenses $1,038,238
Other Expenses $226,735
TOTAL EXPENSES $1,538,063

Year-over-Year Comparison

2023 2022 Change
Revenue $1,388,091 $1,597,715 -0.1%
Expenses $1,538,063 $1,391,555 +0.1%
Net Income $-149,972 $206,160 -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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Governance

Voting Members
8
Independent Members
8
Employees
63
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
0
$0
Total Directors
6
$114,022
Key Employees
2
$114,022
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE PAPPAS DIRECTOR 50.00
Director Key Emp
$65,822 $0 $65,822
KATIE EDMOND ASSISTANT DIRECTOR 50.00
Director Key Emp
$48,200 $0 $48,200
EMILY BUGG SECRETARY BOARD OF DIRECTORS 0.00
Director
$0 $0 $0
DREW AUMAN VICE PRESIDENT BOARD OF DIREC 0.00
Director
$0 $0 $0
WAYNE DENNIS PRESIDENT BOARD OF DIRECTORS 0.00
Director
$0 $0 $0
JIMMY GUERRY TREASURER BOARD OF DIRECTORS 0.00
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 $1,388,091 $1,538,063 $550,818 $-149,972
2023 $1,597,715 $1,391,555 $700,790 $206,160
2022 $1,630,325 $1,265,001 $494,630 $365,324
2021 $1,220,517 $1,237,024 $341,087 $-16,507
2020 $1,110,783 $1,287,604 $357,594 $-176,821
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