FIRSTSTEPS DAYCARE

EIN: 825394211 501(c)(3)

LUBBOCK, TX

Total Revenue
$348,684
Total Expenses
$477,191
Total Assets
$11,966
Net Assets
$9,633
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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
TX
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.

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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 (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

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Governance

Voting Members
3
Independent Members
N/A
Employees
33
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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