Child Care Connection Inc DBA Thre… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

Stephanie Berglund

Phone

9072653100

Tax Period

2023-07-01 to 2024-06-30

Child Care Connection Inc DBA Thread, founded in 1985, is a mid-sized nonprofit in the Human Services sector that reported $33.8M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring.

Mission

To advance the quality of early education and child development by empowering parents, educating child care professionals, and collaborating with our communities. The network is made up of two sister organizations (all non-profits) who work together under one brand (thread) to provide statewide Child Care Resources and Referral Services; Pre-Kindergarten services; and Child Care Assistance services (in the Northern Region & Southwest Regions).

Program Service Accomplishments

Program 1

Expenses: $32,622,627 Revenue: $487,570

Child care resource and referral services Includes direct and organizational support to deliver program services to families, early educators, early childhood programs and the community to support...

Child care resource and referral services Includes direct and organizational support to deliver program services to families, early educators, early childhood programs and the community to support and advance access to affordable and high quality early childhood education.

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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 $33,244,985

Program Service Revenue $438,990

Investment Income $62,076

Other Revenue $48,580

TOTAL REVENUE $33,794,631

Expense Breakdown

Grants Paid $26,843,754

Salaries & Benefits $4,044,645

Fundraising Expenses $157,750

Program Expenses $32,622,627

Other Expenses $2,778,815

TOTAL EXPENSES $33,667,214

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,794,631	$58,469,348	-0.4%
Expenses	$33,667,214	$58,420,938	-0.4%
Net Income	$127,417	$48,410	+1.6%

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

$572,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephanie Berglund	CEO	40.00	Officer	$169,681	$25,675	$195,356
Reme Lampon	CFO	40.00	Officer	$108,242	$30,000	$138,242
Melinda Myers	COO	40.00	Officer	$137,099	$0	$137,099
Meghan Johnson	Early Childhood Di	40.00		$101,153	$13,375	$114,528
Jennifer Pollard	CDMO	40.00	Officer	$62,226	$14,300	$76,526
Kert Labelle	CAO	40.00	Officer	$24,298	$1,279	$25,577
Alana Humphrey	Director	17.00	Director	$0	$0	$0
Chris Sturm	Director	20.00	Director	$0	$0	$0
Elena Romerdahl	Director	4.00	Director	$0	$0	$0
Holly Wells	Director	5.00	Director	$0	$0	$0
Jenny Di Grappa	Director	7.00	Director	$0	$0	$0
Jonathan King	Former Treasure	17.00	Director	$0	$0	$0
Kevin Berry	Vice President	18.00	Officer Director	$0	$0	$0
Lindsie Mills	Former Presiden	20.00	Director	$0	$0	$0
Margo Fliss	Secretary	16.00	Officer Director	$0	$0	$0
Mlidred Parker	Director	7.00	Director	$0	$0	$0
Monica Garcia-Itchoak	President	20.00	Officer Director	$0	$0	$0
Nathan Johnson	Director	15.00	Director	$0	$0	$0
Olivia Foster	Treasurer	16.00	Officer Director	$0	$0	$0
Robert Barr	Director	17.00	Director	$0	$0	$0
Sen Tan	Director	3.00	Director	$0	$0	$0
Shirley Pittz	Director	16.00	Director	$0	$0	$0
Vandana Ingle	Director	16.00	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	$33,794,631	$33,667,214	$3,757,588	$127,417
2023	$58,469,348	$58,420,938	$5,128,588	$48,410
2022	$30,433,015	$30,204,057	$2,280,020	$228,958
2021	$6,946,720	$6,953,135	$2,332,264	$-6,415
2020	$6,254,837	$6,081,571	$2,137,955	$173,266
2019	$6,131,727	$6,096,568	$1,826,617	$35,159
2018	$4,828,107	$4,792,354	$2,084,572	$35,753

Child Care Connection Inc DBA Thread