SPRINGBOARD CHILD CARE INC (EIN 850690179) - 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

2020

Legal Domicile

Principal Officer

Gloria J Higgins

Phone

3038290857

Tax Period

2023-01-01 to 2023-12-31

SPRINGBOARD CHILD CARE INC, founded in 2020, is a small nonprofit in the Education sector that reported $230K in total revenue in fiscal year 2023. Expenses of $279K exceeded revenue, resulting in a 21% operating deficit.

Mission

Springboard provides tools and resources for its members that guide them through child care licensing, supports financial stability, and moves their passion to a career to provide quality childcare for all kids.

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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 $219,125

Program Service Revenue $11,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $230,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,682

Fundraising Expenses $9,000

Program Expenses $232,780

Other Expenses $178,389

TOTAL EXPENSES $278,571

Year-over-Year Comparison

	2023	2022	Change
Revenue	$230,125	$214,408	+0.1%
Expenses	$278,571	$231,081	+0.2%
Net Income	$-48,446	$-16,673	+1.9%

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

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

$30,000

Total Directors

Key Employees

$93,801

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christina Alonzo	Relationship Manager	25.00	Key Emp Highest	$63,801	$0	$63,801
Gloria Higgins	President	30	Officer Key Emp	$30,000	$0	$30,000
Janel Highfill	Board Chair	2	Director	$0	$0	$0
Nnena West	Board Member	0.5	Director	$0	$0	$0
Rob Mathes	Board Member	0.5	Director	$0	$0	$0
Joe Anderson	Board Member	0.5	Director	$0	$0	$0
Anna Burr	Board Secretary	0.5	Director	$0	$0	$0
Jessica Cassarino	Board Member	0.5	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	$230,125	$278,571	$152,702	$-48,446
2022	$214,408	$231,081	$202,320	$-16,673
2021	$215,371	$80,735	$220,366	$134,636

SPRINGBOARD CHILD CARE INC