Hancock, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BRIDGING GAPS CHILDCARE, founded in 2022, is a small nonprofit in the Human Services sector that reported $251K in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum.
Bridging Gaps Childcare's mission is to bridge the communities and businesses by providing high quality childcare to working parents through focusing on the individual needs of each child in a safe, reliable and affordable environment. We plan to establish a network of childcare centers and fill the gap of childcare in the Houghton County, MI area.
During the fiscal year ending September 30, 2024, Bridging Gaps Childcare achieved significant growth and enhanced our program quality. We substantially increased our enrollment, allowing us to serve...
During the fiscal year ending September 30, 2024, Bridging Gaps Childcare achieved significant growth and enhanced our program quality. We substantially increased our enrollment, allowing us to serve many more children and families, address the critical community need for reliable care, and provide essential support for working parents. Complementing this expansion, we completed a major upgrade to our outdoor playground, creating a safer, more dynamic, and engaging environment that promotes gross motor skills and nature-based learning. These parallel accomplishments ensured that as our program grew, we continued to elevate the quality and safety of the developmental experience for every child in our care.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $250,614 | $135,022 | +0.9% |
| Expenses | $243,143 | N/A | N/A |
| Net Income | $7,471 | $135,022 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Roy Manninen | Director | 5 |
Director
|
$0 | $0 | $0 |
| Whitney Brey | President | 5 |
Director
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$0 | $0 | $0 |
| Emily Geiger-Dedo | Secretary | 5 |
Officer
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$0 | $0 | $0 |
| Joe Sayen | Vice President | 5 |
Officer
|
$0 | $0 | $0 |
| Lauren Lepisto | Board Member | 5 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $250,614 | $243,143 | $48,873 | $7,471 |
Compare BRIDGING GAPS CHILDCARE with other nonprofits in Michigan and across the country.