COLORADO SPRINGS CHILD NURSERY CENTERS INC DBA EARLY CONNECTIONS LEARNING CENTERS (EIN 840632406) - 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

1924

Legal Domicile

Principal Officer

ELIZABETH DENSON

Phone

7196321754

Tax Period

2023-01-01 to 2023-12-31

COLORADO SPRINGS CHILD NURSERY CENTERS INC DBA EARLY CONNECTIONS LEARNING CENTERS, founded in 1924, is a community nonprofit in the Human Services sector that reported $6.4M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

The organization provides a comprehensive program of social, emotional, and cognitive development for the children in the Pikes Peak region.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,804,692

Program Service Revenue $4,602,494

Investment Income $4,699

Other Revenue $18,929

TOTAL REVENUE $6,430,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,745,363

Fundraising Expenses $429,054

Program Expenses $5,621,437

Other Expenses $1,674,839

TOTAL EXPENSES $6,420,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,430,814	$7,057,726	-0.1%
Expenses	$6,420,202	$6,080,025	+0.1%
Net Income	$10,612	$977,701	-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

133

Volunteers

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

$160,339

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Denson	CEO	40.0	Officer	$134,329	$26,010	$160,339
Cynthia Morgan	Employee (To 12/2023)	40.0	Highest	$122,238	$1,143	$123,381
Susan RoseVP finTo 112023	employee-consult(from 12/2023)	40.0	Highest	$109,518	$10,519	$120,037
george luke	Chair	1.0	Officer Director	$0	$0	$0
Tammy Havens	vice chair	1.0	Officer Director	$0	$0	$0
Claire Nutter	Treasurer	1.0	Officer Director	$0	$0	$0
Barb Aylward	board member	1.0	Director	$0	$0	$0
Robert Gonzales	Board Member	1.0	Director	$0	$0	$0
Sandy Jaray	Board Member	1.0	Director	$0	$0	$0
Sandy Schroeder	Board Member	1.0	Director	$0	$0	$0
Kim Roberson	Board Member	1.0	Director	$0	$0	$0
Deborah Layne	Board Member	1.0	Director	$0	$0	$0
Lauren Ragland	Secretary	1.0	Officer Director	$0	$0	$0
Janet Brugger	Board Member	1.0	Director	$0	$0	$0
Janae Langreck	Board Member	1.0	Director	$0	$0	$0
Maureen Lawrence	Board Member	1.0	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	No data	No data	No data	No data
2023	$6,430,814	$6,420,202	$4,791,489	$10,612
2022	$7,057,726	$6,080,025	$4,692,692	$977,701
2021	$6,173,573	$5,381,758	$3,861,089	$791,815
2020	$6,059,860	$4,947,154	$4,289,851	$1,112,706
2019	$5,453,920	$5,329,583	$2,674,079	$124,337
2018	$5,297,253	$5,348,102	$2,326,997	$-50,849

COLORADO SPRINGS CHILD NURSERY CENTERS INC DBA EARLY CONNECTIONS LEARNING CENTERS