Santa Rosa County School Readiness Coalition Inc Dba Early Learning
Nonprofit profile at a glance
- EIN
- 593613068
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Milton, FL, USA
- Phone
- 8509835313
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy Organizations
Reported finances
- Revenue
- $9,470,589
- Expenses
- $9,529,358
- Assets
- $1,515,723
- Liabilities
- $1,342,257
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- MELISSA STUCKEY (CEO)
Highest reported compensation
- MELISSA STUCKEY (CEO): $102,614 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The early learning coalition of santa rosa county provides a seamless system of care in which children receive the high quality school readiness services necessary for optimal cognitive, emotional, social and physical development, with the necessary linkage to screening and assessments, health care, and support for parents.
What it reported doing in 2024
American rescue plan act (arpa) funded several different initiatives: arpa stabilization provided direct assistance to eligible child care providers to support their financial stability and offset unexpected costs associated with the covid-19 pandemic. Coalition received funding through arpa child care stabilization and arpa build a world class workforce programs to provide direct financial support for all eligible child care providers to assist with recruiting and training new teachers, health and safety bonuses and class training certification bonuses. Separate training bonuses were paid to vpk and sr directors through class observer director training grant. Arpa discretionary grant aimed to continue to enhance recruitment, retention and upskilling the workforce; quality performance and special needs differentials. It also covered arpa build class capacity double coding initiative and arpa impact child outcomes expand access to curriculum initiative, which allowed elc to reimburse child care providers for the cost of trainings and professional learning activities, coaching, materials, workshops and fidelity tools. Ongoing arpa early learning discretionary started in 2023 and includes increasing/building the supply of child care; training, professional learning activities and workforce initiatives; local initiatives/pilot projects to improve kindergarten readniness; community outreach and family engagement; equipmnet, supplies, classroom materials; curriculum; business administration computer software; early learning software and technology.
Operating model
- Revenue model
- Grant-funded. 100% 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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 26
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.4%; rating input score 96
- Program expense ratio: 95.8%; rating input score 96
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.6%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 0.16; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 0.89; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 1.1%; rating input score 80; 80th percentile among comparable filings
Growth
- Program expense growth: 9% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 4% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 96.4% of revenue deployed · 95.8% of spending went to programs
- Governance: 16 of 16 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $9.1M in reported program spending
- Leadership: top reported pay $103K · 17 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Sustainability: Operating margin scored 31/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.