VARIETY EARLY LEARNING 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

1990

Legal Domicile

Principal Officer

Cristina Reding Board Treasurer

Phone

7028074543

Tax Period

2018-07-01 to 2019-06-30

VARIETY EARLY LEARNING CENTER, founded in 1990, is a small nonprofit that reported $228K in total revenue in fiscal year 2018. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $335K exceeded revenue, resulting in a 47% operating deficit.

Mission

THE PROGRAMS OFFERED BY THE CENTER ALLOWED PARENTS TO REMAIN SELF-SUFFICIENT AND PRODUCTIVE CITIZENS BY PROVIDING QUALITY CARE FOR CHILDREN AND FAMILIES IN GREATSET NEED. DUE TO LACK OR FINANCIAL RESOURCES THE CENTER CLOSED OCTOBER 2018.

Program Service Accomplishments

Program 1

Expenses: $275,273 Revenue: $213,345

CHILD CARE: THE CHILD CARE PROGRAM PROVIDES PROGRAMS FOR INFANTS/ TODDLERS AND PRESCHOOLERS. IN OCTOBER 2018, THE BOARD OF DIRECTORS CLOSED THE CENTER DUE TO LACK OF FINANCIAL RESOURCES. IN DECEMBER 2019 ALL REMAINING CASH ASSETS WERE DONATED TO A LOCAL CHARITY WITH A MISSION OF HELPING CHILDREN AND THEIR FAMILIES SIMILIAR TO THAT OF THE CENTER. THESE RESULTS INCLUDE THE OPERATING PERIOD OF JULY 1, 2018 - SEPT 30, 2018. FULL DISSOLUTION OCCURED DECEMBER 2019.

Program 2

Expenses: $26,803 Revenue: $13,598

NUTRITION: OUR FOOD PROGRAM ENSURED THAT ALL CHILDREN IN OUR CARE HAD AT LEAST TWO NUTRITIOUS MEALS AND A HEALTHER SNACK EACH DAY. OUR OWN KITCHEN PREPARED NUTRITIOUS AND WELL-BALANCED BREAKFASTS AND LUNCHES WHICH ARE SERVED FAMILY STYLE IN THE CLASSROOM AND MEET THE CHILD CARE FOOD PROGRAM NUTRITION GUIDELINES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $117,783

Program Service Revenue $109,934

Investment Income $2

Other Revenue $0

TOTAL REVENUE $227,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,470

Fundraising Expenses $0

Program Expenses $302,076

Other Expenses $112,009

TOTAL EXPENSES $335,479

Year-over-Year Comparison

	2018	2017	Change
Revenue	$227,719	$868,453	-0.7%
Expenses	$335,479	$981,003	-0.7%
Net Income	$-107,760	$-112,550	0.0%

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

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

Total Directors

Key Employees

$26,241

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gloria Coleman	Chairman	4.00	Officer Director	$0	$0	$0
Cristina Reding	Secretary/Treasurer	2.00	Officer Director	$0	$0	$0
Mark Coleman	Director	1.00	Director	$0	$0	$0
Tammy Garcia	Director	1.00	Director	$0	$0	$0
Tracy Lewis	Director	1.00	Director	$0	$0	$0
Christine Baxter	Director	1.00	Director	$0	$0	$0
Mary Sanders	Director	1.00	Director	$0	$0	$0
James Reding	Director	1.00	Director	$0	$0	$0
Lisa Mayo-DeRiso	Director	1.00	Director	$0	$0	$0
JP Windle	Director	1.00	Director	$0	$0	$0
H Terry Smith	Director	1.00	Director	$0	$0	$0
Sayonara Harris	Executive Director	40.00	Key Emp	$26,241	$0	$26,241

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
2019	$227,719	$335,479	$118,136	$-107,760
2018	$868,453	$981,003	$262,274	$-112,550