Day Nursery of Abilene Inc

EIN: 751399992 501(c)(3)

Abilene, TX

Total Revenue
$5,691,734
Total Expenses
$5,543,206
Total Assets
$11,999,704
Net Assets
$11,734,417
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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
TX
Principal Officer
Cynthia Pearson
Tax Period
2023-01-01 to 2023-12-31

Day Nursery of Abilene Inc, founded in 1972, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Net assets of $11.7M represent 25 months of operating reserves.

Mission

Provide affordable quality child care for a diverse community. Quality child care programming for children ages birth-10 years is provided in four licensed facilities so that parents can work, attend school and/or job training.

Program Service Accomplishments

Program 1
Expenses: $5,021,354 Revenue: $4,086,451

Since established in the early 1970s, the mission of the Day Nursery of Abilene is to provideaffordable quality child care for a diverse community. The Day Nursery operates four child care centers...

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Since established in the early 1970s, the mission of the Day Nursery of Abilene is to provideaffordable quality child care for a diverse community. The Day Nursery operates four child care centers with a total licensing capacity of more than 600 children (birth 10 years) of 400 working families. The centers are state-licensed and participants in the States quality rating and improvement system, Texas Rising Star (TRS) for quality child care programs. TRS requires periodic reassessments and in-depth evaluation. The agency also participates in the States child care subsidy program (Child Care Services) to provide reduced fee child care assistance to meet the needs of low-income working families. The Day Nursery of Abilene is also a partner agency of the United Way of Abilene which it has been since inception. It receives community investment funds used to provide child care financial assistance for families in need who dont qualify for state-funded assistance or are on that waiting list. Programming includes a research-based learning curriculum to meet the developmental needs of all children, including infants. The centers provide a hands-on learning program, activities (including field trips) and materials. In addition, nutritional meals and snacks (including baby food and formula) for all enrolled children are provided to assure nutritional needs are met while in care. Fees charged are all inclusive. A school readiness/PreK program is provided for preschool age children to ensure they are appropriately prepared for school success and beyond. After school programming for elementary age children includes transportation from nine schools for the convenience of parents who use the service. Summer camps and full day child care programming are made available during school breaks and holidays to meet the needs of working parents whose children require full day programming. This additional service provides a fun, supervised program for elementary age children. One of the many highlights during the 2023 year was the 50th anniversary celebration of the agency. A Community event was held in March 2023 to celebrate this milestone accomplishment. Coach Tony Dungy was the invited speaker who addressed a crowd of over 600 attendees. The event served as a fundraiser for the agency.

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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 $1,645,241
Program Service Revenue $4,086,451
Investment Income $80,631
Other Revenue $-120,589
TOTAL REVENUE $5,691,734

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,024,065
Fundraising Expenses $118,632
Program Expenses $5,021,354
Other Expenses $1,519,141
TOTAL EXPENSES $5,543,206

Year-over-Year Comparison

2023 2022 Change
Revenue $5,691,734 $7,921,982 -0.3%
Expenses $5,543,206 $5,071,201 +0.1%
Net Income $148,528 $2,850,781 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
208
Volunteers
66

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
4
$125,358
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cynthia Pearson PresidentCEO 55.00
Officer
$114,258 $11,100 $125,358
Tyser Robertson Trustee 1.00
Director
$0 $0 $0
Josh Monhollon Trustee 1.00
Director
$0 $0 $0
Celia Matthews Trustee 1.00
Director
$0 $0 $0
Melody Roper Trustee 1.00
Director
$0 $0 $0
Kam Zinsser Trustee 1.00
Director
$0 $0 $0
Andrea Smith Trustee 1.00
Director
$0 $0 $0
Chase Sims Truestee 1.00
Director
$0 $0 $0
Mari Cockerell Trustee 1.00
Director
$0 $0 $0
Andrea Harden-Brown Trustee 1.00
Director
$0 $0 $0
Bethany Ashlock Trustee 1.00
Director
$0 $0 $0
Julie Grohman Director 1.00
Director
$0 $0 $0
Kelsi Mangrem Trustee 1.00
Director
$0 $0 $0
Tave Kelly Trustee 1.00
Director
$0 $0 $0
Jonathan Jeter Trustee 1.00
Director
$0 $0 $0
Holly Cox Secretary 2.00
Officer Director
$0 $0 $0
Garrett Smith Vice ChairTreasurer 2.00
Officer Director
$0 $0 $0
Grant Seabourne Board Chair 2.00
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
2024 No data No data No data No data
2023 $5,691,734 $5,543,206 $11,999,704 $148,528
2022 $7,921,982 $5,071,201 $11,300,322 $2,850,781
2021 $5,575,729 $4,855,238 $8,688,631 $720,491
2020 $5,073,909 $4,307,635 $7,895,300 $766,274
2019 $4,238,587 $3,732,078 $7,482,680 $506,509
2018 $4,152,473 $3,514,896 $6,426,633 $637,577
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