King Memorial Day Nursery

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.

6 people listed

Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

King Memorial Day Nursery provides early childhood development services. The organization provides daycare services for preschool age children.

The program provides early childhood development to preschool age children

Revenue model: Grant-funded. 93% of the money available for current operations came from government grants.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 90%; rating input score 90; 6th 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

Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail

Operating margin: -0.6%; rating input score 36; 36th percentile among comparable filings
Total-asset coverage ratio: 0.05; rating input score 2; 2nd percentile among comparable filings
Liabilities to assets ratio: 0.54; rating input score 22; 22nd percentile among comparable filings
Officer compensation ratio: 7.7%; rating input score 45; 45th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 9.9% per year; rating input score 100; 70th percentile among comparable filings
Asset growth: -9.4% per year; rating input score 0; 14th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 4 of 4 board members independent · 3 of 8 filing controls reported
Programs: 1 filed program accomplishment · $407K in reported program spending
Leadership: top reported pay $43K · 6 people listed
Consistency: 15 of 16 current checks pass · 1 finding to review
Schedules: 4 filed schedules · includes major donors
Filing history: 2 filing years from 2011 to 2012
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.

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

Moderate — Accountability: Governance controls: 5 of 8 not reported.
High — Growth: Asset growth scored 0/100.
Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
Moderate — Sustainability: Operating margin scored 36/100.
High — Sustainability: Total-asset coverage ratio scored 2/100.
High — Sustainability: Liabilities to assets ratio scored 22/100.
Moderate — Sustainability: Officer compensation ratio scored 45/100.