Mississippi Low-Income Childcare Initiative Inc (EIN 640943404) - 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

2001

Legal Domicile

Principal Officer

Carol Burnett

Phone

2286694827

Tax Period

2024-01-01 to 2024-12-31

Mississippi Low-Income Childcare Initiative Inc, founded in 2001, is a small nonprofit in the Human Services sector that reported $848K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 59% operating deficit.

Mission

Foster awareness, training, and understanding to childcare providers of low income families. To provide development, training, and enhancment of childcare centers.

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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 (2024)

Revenue Breakdown

Contributions & Grants $761,799

Program Service Revenue $0

Investment Income $83,490

Other Revenue $3,017

TOTAL REVENUE $848,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $497,563

Fundraising Expenses $0

Program Expenses $1,271,802

Other Expenses $854,612

TOTAL EXPENSES $1,352,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$848,306	$3,592,938	-0.8%
Expenses	$1,352,175	$1,100,459	+0.2%
Net Income	$-503,869	$2,492,479	-1.2%

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

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

$60,769

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nsombi Lambright	President	1.00	Officer Director	$0	$0	$0
Tracy DeVries	Vice President	1.00	Officer Director	$0	$0	$0
Joe Hudson	Treasurer	1.00	Officer Director	$0	$0	$0
Dorothy Lewis	Board Member	1.00	Director	$0	$0	$0
Roshunda Harris-Allen	Board Member	1.00	Director	$0	$0	$0
Paheadra B Robinson	Board Member	1.00	Director	$0	$0	$0
Carol Burnett	Executive Director	30.00	Key Emp	$60,769	$0	$60,769

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	$848,306	$1,352,175	$3,262,398	$-503,869
2023	$3,592,938	$1,100,459	$3,806,588	$2,492,479
2022	$588,321	$925,314	$1,191,126	$-336,993
2021	$1,345,537	$863,617	$1,584,822	$481,920
2020	$1,079,455	$1,036,170	$1,137,939	$43,285
2019	$286,620	$568,097	$831,542	$-281,477
2018	$504,701	$740,965	$1,231,694	$-236,264

Mississippi Low-Income Childcare Initiative Inc