Southern Kennebec Child Development
Nonprofit profile at a glance
- EIN
- 010285449
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Farmingdale, ME, USA
- Phone
- 2075823110
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $5,998,337
- Expenses
- $5,692,468
- Assets
- $3,637,763
- Liabilities
- $609,210
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- STACI FORTUNATO (PRESIDENT)
Highest reported compensation
- CRISTINA SALOIS (AGENCY DIREC): $130,383 total reported compensation
- SUE SIDELINGER (OPERATIONS D): $113,885 total reported compensation
- CLAY HOFFMAN (FINANCE DIRE): $99,018 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide or facilitate the development of comprehensive developmentally appropriate programs for children through an integrated family-focused service delivery system to promote school readiness and long term success. Promote family partnerships that recognize those who parent as the primary educators, nurturers, and advoctes for their children, that encourage a meaningful role in decision making and other parent training/involvement opportunities. Provide and support the development of quality, accessible, flexible, affordable early care and education options designed to address the child care needs of income eligible families that support economic self- sufficiency. Expand existing collaborative and partnership efforts with state, public school systems, community agencies and early care providers to increase and enhance quality services and positive outcomes for children and families. Provide or sponsor training and professional development opportunities for staff and providers. Provi
What it reported doing in 2024
Child education - full year, part year head start program providing comprehensive services to children ages birth through 5 and their families in southern kennebec county.
Operating model
- Revenue model
- Grant-funded. 85% 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: 77
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.3%; rating input score 85
- Program expense ratio: 89.8%; rating input score 90
- 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; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.1%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.64; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 6%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: 3.7% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 4% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: 6.2% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 85.3% of revenue deployed · 89.8% of spending went to programs
- Governance: 14 of 14 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $5.1M in reported program spending
- Leadership: top reported pay $130K · 17 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 51/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.