BRIDGING GAPS CHILDCARE

EIN: 883586106 501(c)(3) Human Services

Hancock, MI

Total Revenue
$250,614
Total Expenses
$243,143
Total Assets
$48,873
Net Assets
$31,431
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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
2022
Legal Domicile
MI
Principal Officer
Whitney Brey
Phone
9065234727
Tax Period
2023-10-01 to 2024-09-30

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.

Mission

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.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,757
Program Service Revenue $246,857
Investment Income $0
Other Revenue $0
TOTAL REVENUE $250,614

Expense Breakdown

Grants Paid $0
Salaries & Benefits $206,120
Fundraising Expenses $0
Program Expenses $209,785
Other Expenses $37,023
TOTAL EXPENSES $243,143

Year-over-Year Comparison

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%
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

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Governance

Voting Members
5
Independent Members
5
Employees
13
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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Roy Manninen Director 5
Director
$0 $0 $0
Whitney Brey President 5
Director
$0 $0 $0
Emily Geiger-Dedo Secretary 5
Officer
$0 $0 $0
Joe Sayen Vice President 5
Officer
$0 $0 $0
Lauren Lepisto Board Member 5
Officer
$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 $250,614 $243,143 $48,873 $7,471
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