Tippecanoe County Child Care Inc

Nonprofit profile at a glance

EIN
351386694
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Lafayette, IN, USA
Phone
7657424033
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Child Day Care

Official website

Reported finances

Revenue
$8,257,692
Expenses
$9,594,985
Assets
$2,402,918
Liabilities
$955,919

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • MOLLY GILBERT (PRESIDENT)
  • TAMMEY LINDBLOM (CO-CEO)
  • VICTORIA MATNEY (CO-CEO)

Highest reported compensation

  • TAMMEY LINDBLOM (CO-CEO): $135,136 total reported compensation
  • VICTORIA MATNEY (CO-CEO): $131,940 total reported compensation
  • ADRIENNE BUCHANAN (SENIOR ACCT): $80,889 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide and advocate for quality childcare and early education.

What it reported doing in 2024

The child care resource network's primary objectives are equipping families with the knowledge and resources to make smart child care decisions, recruiting quality child care providers, and to help communities implement programs and initiatives to build a strong infrastructure of high quality child care and early education programs. We provide services to parents, child care programs, and the communities in 27 counties including adams, allen, benton, blackford, boone, carroll, cass, clinton, dekalb, fountain, fulton, grant, howard, huntington, jasper, jay, miami, newton, noble, pulaski, tippecanoe, tipton, wabash, warren, wells, white, and whitley counties.

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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 92
  • Accountability: 65
  • Sustainability: 17
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.8%; rating input score 99
  • Program expense ratio: 85%; rating input score 85
  • Fundraising efficiency: $36.04 raised per $1 spent on fundraising; rating input score 73; 73rd 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: 40%; rating input score 40; 7th percentile among comparable filings
  • Governance controls: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -16.2%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.25; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0.4; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 3.6%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: 8.1% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: 6% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: 7.4% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 98.8% of revenue deployed · 85% of spending went to programs
  • Governance: 4 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $8.2M in reported program spending
  • Leadership: top reported pay $135K · 14 people listed
  • Highest-paid contractors: 2 contractors listed · $254K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 13 filing years from 2010 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.

  • Moderate — Accountability: Independent voting board scored 40/100.
  • High — Sustainability: Operating margin scored 9/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.