Newaygo Child Development Center - Croton

Nonprofit profile at a glance

EIN
381983241
IRS 990 coverage
2012–2020
Forms available
Form 990 2020
Location
Newaygo, MI, USA
Phone
2316526611
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions

Reported finances

Revenue
$422,357
Expenses
$411,945
Assets
$154,808
Liabilities
$69,036

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • MARY RITTER (V-PRESIDENT)
  • KATHY TEVERBAUGH (PRESIDENT)

Highest reported compensation

  • DESIRAE M PATTERSON (EXECUTIVE DI): $44,166 total reported compensation
  • SALLY PEREZ (ADMINISTRATI): $19,783 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Head start, preschool

What it reported doing in 2020

Child care food program: provides nutritious meals for children meeting the requirements of the other programs during the program day.

Operating model

Revenue model
Grant-funded. 88% of the money available for current operations came from government grants.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.3%; rating input score 93
  • Program expense ratio: 95.7%; rating input score 96
  • Fundraising efficiency: $85.71 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

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; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2.5%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0.38; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 0.45; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 15.5%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: 0.2% per year; rating input score 100; 47th percentile among comparable filings
  • Revenue growth: 4.1% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 8.9% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 93.3% of revenue deployed · 95.7% of spending went to programs
  • Governance: 5 of 5 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $394K in reported program spending
  • Leadership: top reported pay $44K · 7 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 7 filing years from 2012 to 2020
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.
  • High — Sustainability: Officer compensation ratio scored 29/100.