WASHINGTON PARK CHILD CARE CENTER … - 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

1997

Legal Domicile

Principal Officer

Robert Mullings

Phone

9549878747

Tax Period

2023-07-01 to 2024-06-30

WASHINGTON PARK CHILD CARE CENTER INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $265K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $302K exceeded revenue, resulting in a 14% operating deficit.

Mission

To provide comprehensive early childhood educational program with elements designed to promote family stability. providing programs that increase a Childs educational, social, physical and emotional development.

Program Service Accomplishments

Program 1

Expenses: $301,726 Revenue: $0

OFFERING SUBSIDIZED CHILD CARE FOR CHILDREN AGES 2 MONTHS TO 5 YEARS OLD

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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 $264,912

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $264,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,408

Fundraising Expenses $0

Program Expenses $301,726

Other Expenses $296,318

TOTAL EXPENSES $301,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,912	$364,877	-0.3%
Expenses	$301,726	$359,828	-0.2%
Net Income	$-36,814	$5,049	-8.3%

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

N/A

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

$5,408

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Mullings	President	20	Director	$5,408	$0	$5,408
Robert Guerra	Secretary	5	Director	$0	$0	$0
Kareen Scott	treasurer	5	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	$264,912	$301,726	$10,349	$-36,814

WASHINGTON PARK CHILD CARE CENTER INC