FAMILY FIRST CHILDCARE CENTER

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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

2019

Legal Domicile

Principal Officer

MICHELE CLARK

Phone

2163369038

Tax Period

2022-01-01 to 2022-12-31

FAMILY FIRST CHILDCARE CENTER, founded in 2019, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2022. Revenue surged 132% from the prior year, signaling strong growth momentum. The organization ran a surplus of $317K, a strong 17% operating margin.

Mission

To Operate a child care center to perform educational services & childcare for underserved children;to provide family support services & community engagement events; to provide high quality,reasonably priced services in an enriching, safe & nurturing environment; to promote developmentally appropriate education

Program Service Accomplishments

Program 1

Expenses: $92,904 Revenue: $92,904

Funding was received from the Childcare Resource Food Program to assist with the management of the cost of food and to make sure the children receive nutritious and healthy meals.

Program 2

Expenses: $105,930 Revenue: $105,930

GOBCI (Governer) Grant - The Catch Up Program: These funds were used to provide tutors and supplies to help students catch up where they fell behind during the COVID Pandemic challenges.

Program 3

Expenses: $1,377,634 Revenue: $1,570,548

Family First received funding from Ohio Job and Family Services to help families obtain affordable or free childcare for their children which allowed the parents and caregivers opportunities to...

Family First received funding from Ohio Job and Family Services to help families obtain affordable or free childcare for their children which allowed the parents and caregivers opportunities to maintain employment.

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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 (2022)

Revenue Breakdown

Contributions & Grants $124,000

Program Service Revenue $1,781,382

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,905,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $599,846

Fundraising Expenses $0

Program Expenses $1,588,468

Other Expenses $988,622

TOTAL EXPENSES $1,588,468

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,905,382	$822,473	+1.3%
Expenses	$1,588,468	$865,162	+0.8%
Net Income	$316,914	$-42,689	-8.4%

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

$105,869

Total Directors

Key Employees

$44,520

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE CLARK	PRESIDENT	40	Officer	$56,350	$0	$56,350
PATRICIA FOLDS	VICE PRESIDENT	40	Officer	$44,119	$0	$44,119
ALEXANDRIA FREED	SECRETARY	10	Officer	$5,400	$0	$5,400
PAUL BRYANT	SCHOOL AGE DIRECTOR	40	Key Emp	$44,520	$0	$44,520

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
2022	$1,905,382	$1,588,468	$593,247	$316,914
2021	$822,473	$865,162	$133,352	$-42,689