LATCHKEY CHILD SERVICES INC

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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

1992

Legal Domicile

Principal Officer

Linda Cohn

Phone

4052362069

Tax Period

2022-07-01 to 2023-06-30

LATCHKEY CHILD SERVICES INC, founded in 1992, is a community nonprofit in the Human Services sector that reported $5.2M in total revenue in fiscal year 2022. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 51% operating margin.

Mission

To provide a safe, fun, organized and nurturing environment for children that would otherwise be left home alone.

Program Service Accomplishments

Program 1

Expenses: $2,157,550 Revenue: $5,234,362

Latchkey Child Services, Inc. provides before/after school programs to care for children that might otherwise be left home alone. These services are provided in the child's elementary school. We...

Latchkey Child Services, Inc. provides before/after school programs to care for children that might otherwise be left home alone. These services are provided in the child's elementary school. We provide age appropriate actvities for the child and provide a safe, fun, organized and nuturing environment for the children, We focus on this and only this program.

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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 $3,023,936

Program Service Revenue $2,210,426

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,234,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,838,651

Fundraising Expenses $0

Program Expenses $2,157,550

Other Expenses $705,742

TOTAL EXPENSES $2,544,393

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,234,362	$3,543,041	+0.5%
Expenses	$2,544,393	$1,938,695	+0.3%
Net Income	$2,689,969	$1,604,346	+0.7%

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

116

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

$387,500

Key Employees

$205,715

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charley Cohn	CEO	40	Highest	$258,923	$12,223	$271,146
Linda Cohn	President	40	Director	$215,769	$7,788	$223,557
Irving Cohn	Vice-President	40	Director	$158,231	$5,712	$163,943
Rosanna Reynolds	Director of Operations	40	Key Emp	$71,925	$3,019	$74,944
Corrie Hankins	Operations Manager	40	Key Emp	$68,585	$2,869	$71,454
Heather Wade	Accounts Manager	40	Key Emp	$56,492	$2,825	$59,317
Mark Thornton	Board Member	1	Director	$0	$0	$0
Mark Whitnell	Board Member	1	Director	$0	$0	$0
Scott Kadechuk	Board Member	1	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$5,234,362	$2,544,393	$3,725,098	$2,689,969
2022	$3,543,041	$1,938,695	$1,017,710	$1,604,346
2021	$1,117,848	$1,325,133	$182,737	$-207,285