Cedar Valley Kids

Nonprofit profile at a glance

EIN
850657410
IRS 990 coverage
2023–2025
Forms available
Form 990 2025, Form 990-EZ 2022
Location
Waterloo, IA, USA
Phone
3194203133
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions

Reported finances

Revenue
$775,116
Expenses
$539,800
Assets
$545,935
Liabilities
$16,185

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • ZACHARY FRENCH (PRESIDENT/BOARD CHAIR/TREA)
  • KATIE MORRIS (VICE PRESIDENT)

People named in this filing

  • ZACHARY FRENCH (PRESIDENT/BOARD CHAIR/TREA)
  • KATIE MORRIS (VICE PRESIDENT)
  • KIMBERLY FRENCH (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

At cedar valley kids child care center, we provide a welcoming and child friendly environment that welcomes partnerships from various dimensions of our community into our safe space to expose children to the rich diversity of the cedar valley.

What it reported doing in 2025

Cedar valley kids child care center was formed from the work of the black hawk child care coalition. Members of the coalition worked together to develop solutions for the business and child care community. The idea came from a local human resources manager who shared data around his company's turnover costs. His wish was that we create a model where businesses could reserve child care spaces to recruit and retain talent to the waterloo and cedar falls area. Cedar valley kids is a non-profit childcare center. Our goal is to provide quality child care for employees in the cedar valley. Children enrolled in the center will receive educational development experiences and quality programming to prepare them for life. We served 55 children during the year.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 66
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.8%; rating input score 62
  • Program expense ratio: 88.8%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 30.4%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 1.01; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 36.9% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 47.9% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 30.6% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 61.8% of revenue deployed · 88.8% of spending went to programs
  • Governance: 6 of 6 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $479K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.