FIRSTSTEPS DAYCARE

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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

2018

Legal Domicile

Tax Period

2021-01-01 to 2021-12-31

FIRSTSTEPS DAYCARE, founded in 2018, is a small nonprofit that reported $349K in total revenue in fiscal year 2021. Expenses of $477K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PROVIDE RELIGIOUS NONPROFIT DAYCARE SERVICES AND FOUNDATIONAL CHRISTIAN TRAINING TO CHILDREN FROM SIX WEEKS THROUGH KINDERGARTEN IN COMPLIANCE WITH FEDERAL AND TEXAS LAW.

Program Service Accomplishments

Program 1

Expenses: $477,191

TO PROVIDE RELIGIOUS NONPROFIT DAYCARE SERVICES AND FOUNDATIONAL CHRISTIAN TRAINING TO CHILDREN FROM SIX WEEKS THROUGH KINDERGARTEN IN COMPLIANCE WITH FEDERAL AND TEXAS LAW.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $346,528

Investment Income $2,156

Other Revenue $0

TOTAL REVENUE $348,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $398,553

Fundraising Expenses $0

Program Expenses $477,191

Other Expenses $78,638

TOTAL EXPENSES $477,191

Year-over-Year Comparison

	2021	2020	Change
Revenue	$348,684	N/A	N/A
Expenses	$477,191	N/A	N/A
Net Income	$-128,507	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN WELCH	SECRETARY	3.00	Officer	$0	$0	$0
MARJORIE JETER	PRESIDENT	3.00	Officer	$0	$0	$0
KAREN ISAACS	TREASURER	3.00	Officer	$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
2021	$348,684	$477,191	$11,966	$-128,507
2020	$429,635	$361,188	$140,212	$68,447
2019	$448,590	$477,691	$72,690	$-29,101
2018	$72,337	$69,164	$38,407	$3,173