Lockhart Child Development Center (EIN 863838568) - 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

2021

Legal Domicile

Principal Officer

Rev'd Nancy LJ Cox

Tax Period

2023-07-01 to 2024-06-30

Lockhart Child Development Center, founded in 2021, is a small nonprofit that reported $974K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

The mission of Lockhart Child Development Center is to operate a secular non-profit in Cabarrus County providing safe, nurturing, high quality, developmentally appropriate early child care and education for children twelve weeks to five years with a focus on the individual childs age and ability in order to stimulate social, cognitive, physical and emotional growth.to operate a child-care center in Concord, Cabarrus County, North Carolina or such other location(s) as the Board of Directors may designate

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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 $650,233

Program Service Revenue $323,944

Investment Income $0

Other Revenue $0

TOTAL REVENUE $974,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $770,546

Fundraising Expenses $7,693

Program Expenses $886,680

Other Expenses $253,517

TOTAL EXPENSES $1,024,063

Year-over-Year Comparison

	2023	2022	Change
Revenue	$974,177	$1,102,046	-0.1%
Expenses	$1,024,063	$903,697	+0.1%
Net Income	$-49,886	$198,349	-1.3%

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

$81,883

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Waynett Taylor	LCDC Director	50.00	Officer	$38,723	$0	$38,723
Rachel Zach-Grossman	LCDC Director	50.00	Officer	$21,403	$385	$21,788
Janet Woodruff	LCDC Director	50.00	Officer	$21,372	$0	$21,372
Rev'd Nancy LJ Cox	President	1.00	Officer Director	$0	$0	$0
Martin Ericson	Director	0.25	Director	$0	$0	$0
Nancy Hunter	Secretary/Treas	1.00	Officer Director	$0	$0	$0
Fran Burkett	Director	0.25	Director	$0	$0	$0
Kathy Thompson	Director	0.25	Director	$0	$0	$0
Alice Smith	Director	0.25	Director	$0	$0	$0
Dalisha Vanterpool	Director	0.25	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
2025	No data	No data	No data	No data
2024	$974,177	$1,024,063	$343,585	$-49,886
2022	$547,795	$443,885	$200,681	$103,910
2021	$226,657	$132,869	$96,031	$93,788

Lockhart Child Development Center