CREATIVE CHILDREN OF PROMISE ACADEMY (EIN 812485856) - 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

2016

Legal Domicile

Principal Officer

LETRICE DANIELLE FOXX

Phone

9379654023

Tax Period

2024-01-01 to 2024-12-31

CREATIVE CHILDREN OF PROMISE ACADEMY, founded in 2016, is a small nonprofit that reported $246K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

THE ACADEMY PROVIDES PRE-SCHOOL AND DAY CARE SERVICES TO FAMILIES IN A CHRISTIAN ENVIRONMENT.

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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 $3,673

Program Service Revenue $220,952

Investment Income $20,000

Other Revenue $1,670

TOTAL REVENUE $246,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,345

Fundraising Expenses $0

Program Expenses $226,985

Other Expenses $41,251

TOTAL EXPENSES $245,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,295	$337,953	-0.3%
Expenses	$245,596	$352,462	-0.3%
Net Income	$699	$-14,509	-1.0%

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

$61,680

Total Directors

$61,680

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LETRICE DANIELLE FOXX	PRESIDENT	40.00	Officer Director	$54,000	$0	$54,000
DAVID FOXX	TREASURER	40.00	Officer Director	$7,680	$0	$7,680
DR LETITIA HARGRAVE	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
BRITTNEY NEEDLER	BOARD MEMBER	2.00	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	$246,295	$245,596	No data	$699
2023	$337,953	$352,462	$42,362	$-14,509
2022	$393,863	$343,475	$53,162	$50,388
2021	$247,921	$258,042	$2,774	$-10,121
2020	$235,692	$227,203	$12,895	$8,489
2019	$169,838	$168,408	$4,406	$1,430

CREATIVE CHILDREN OF PROMISE ACADEMY