Tri-con Child Care Center Inc

Nonprofit profile at a glance

EIN
362708769
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Highland Park, IL, USA
Phone
8474331450
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Child Day Care

Official website

Reported finances

Revenue
$373,563
Expenses
$441,980
Assets
$175,899
Liabilities
$16,891

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

Leadership & pay

16 people listed

Executive titles in this filing

  • AMY ZISOOK (PRESIDENT)
  • JOAN BERGMAN (VICE PRESIDENT)
  • JEFF HAMBURG (IMMEDIATE PAST PRESIDENT)
  • ROBERTA GOLDMAN (PAST PRESIDENT)
  • MARY KAYE GREEN (PAST PRESIDENT)
  • MARY ANN PEDERSON (PAST PRESIDENT)

Highest reported compensation

  • PAM FEINBERG (EXECUTIVE DIRECTOR): $80,846 total reported compensation

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

Overview

Mission

Tri-con child care center's mission of providing high quality, affordable early care and education for children of low-to-moderate income families enrolls students ages three-to-six. The mission extends to and includes students' families with tri-con acting as a community liaison when support is needed from other local social service organizations and professionals.

What it reported doing in 2024

Tri-con's program is comprised of three components, including preschool, after-kindergarten enrichment and summer camp. The preschool program works to ensure a child's smooth transition to kindergarten. Students build confidence and develop skills within a nurturing and safe environment. Experienced, highly trained teachers support the children in their early education by fostering curiosity, experimentation, imagination and problem solving through developmentally age-appropriate activities.the after-kindergarten enrichment program supplements the kindergarten curriculum of the local school district with its increasing focus on common core standards. Tri-con offers the opportunity for early learners to participate in a program that extends their day.tri-con's camp program serves children who will be entering first grade in the fall. The camp program involves outdoor activities and experiences that include a variety of special events and field trips.

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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 92
  • Accountability: 92
  • Sustainability: 19
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.7%; rating input score 95
  • Program expense ratio: 80%; rating input score 80
  • Fundraising efficiency: $6.21 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 93.8%; rating input score 94; 26th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • 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: -18.3%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0.4; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 18.3%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 3.8% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: 3.8% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: -2.9% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 94.7% of revenue deployed · 80% of spending went to programs
  • Governance: 15 of 16 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $353K in reported program spending
  • Leadership: top reported pay $81K · 16 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Key Signals

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

  • High — Financial Efficiency: Fundraising efficiency scored 27/100.
  • High — Sustainability: Operating margin scored 15/100.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.