FOUNDATIONS FIRST CHILDCARE (EIN 813931517) - 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

2017

Legal Domicile

Principal Officer

ASHLEY WASHINGTON

Phone

2603107075

Tax Period

2024-01-01 to 2024-12-31

FOUNDATIONS FIRST CHILDCARE, founded in 2017, is a small nonprofit that reported $664K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $740K exceeded revenue, resulting in a 11% operating deficit.

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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 $419,128

Program Service Revenue $245,013

Investment Income $0

Other Revenue $0

TOTAL REVENUE $664,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $333,545

Fundraising Expenses $0

Program Expenses $674,656

Other Expenses $406,009

TOTAL EXPENSES $739,554

Year-over-Year Comparison

	2024	2023	Change
Revenue	$664,141	$825,454	-0.2%
Expenses	$739,554	$461,699	+0.6%
Net Income	$-75,413	$363,755	-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

$76,966

Total Directors

$76,966

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY WASHING	PRESIDENT	80	Officer Director	$43,854	$0	$43,854
MARY MCCLUNG	VICE PRESIDENT	80	Officer Director	$33,112	$0	$33,112
ERIC WASHINGTO	TREASURER	5	Officer Director	$0	$0	$0
RESHEENA COLE	SECRETARY	6	Officer Director	$0	$0	$0
ROBERT BROWN	DIRECTOR	1	Director	$0	$0	$0
NANCY CURRENT	DIRECTOR	1	Director	$0	$0	$0
KENDRA MORRIS	DIRECTOR	1	Director	$0	$0	$0
BERNADETTE GRA	DIRECTOR	1	Director	$0	$0	$0
AMBER DONNELLY	DIRECTOR	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
2024	$664,141	$739,554	$593,965	$-75,413
2023	$825,454	$461,699	$431,508	$363,755
2023	No data	No data	No data	No data
2022	$591,038	$554,215	$260,303	$36,823
2021	$508,979	$409,718	$121,136	$99,261
2020	$262,644	$241,554	$21,875	$21,090
2019	$247,530	$247,432	$786	$98

FOUNDATIONS FIRST CHILDCARE