Quality First Child Care Inc
Quality First Child Care Inc. shows fluctuating financial health with no reported executive compensation.
EIN: 10946091 · Bolingbrook, IL · NTEE: B99 · Updated: 2026-03-28
Is Quality First Child Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Quality First Child Care Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Quality First Child Care Inc
Quality First Child Care Inc (EIN: 10946091) is a nonprofit organization based in Bolingbrook, IL, classified under NTEE code B99. The organization reported total revenue of $625K and total assets of $625K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quality First Child Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quality First Child Care Inc is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 23.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $625K |
| Total Expenses | $575K |
| Surplus / Deficit | +$50K |
| Total Assets | $625K |
| Total Liabilities | $575K |
| Net Assets | $50K |
| Operating Margin | 8.0% |
| Debt-to-Asset Ratio | 92.0% |
| Months of Reserves | 13.0 months |
Financial Health Grade: A
In 2022, Quality First Child Care Inc reported a surplus of $50K with revenue exceeding expenses, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 92.0% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Quality First Child Care Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +3.3% | +94.9% | +290.6% |
| 2021 | -38.1% | -25.5% | +0.0% |
| 2020 | +7.3% | -20.9% | -48.5% |
| 2019 | +12.1% | -10.8% | +23.2% |
| 2018 | +19.5% | -2.7% | +142.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Quality First Child Care Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Quality First Child Care Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $50K, with revenue exceeding expenses.
- Debt-to-asset ratio: 92.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees received compensation from the organization. This is a significant positive for a nonprofit of its size, suggesting a strong dedication to mission over executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Quality First Child Care Inc's IRS 990 filings:
- Fluctuating revenue and expense patterns, making financial predictability difficult.
- High liabilities relative to assets in the most recent filing (2022: Liabilities $575,000 vs. Assets $625,000), potentially indicating financial strain or reliance on debt.
Strengths
The following positive indicators were identified for Quality First Child Care Inc:
- Consistent reporting of 0% officer compensation, demonstrating a strong commitment to mission over executive pay.
- Long filing history (12 filings), indicating consistent compliance with IRS reporting requirements.
- Significant asset growth in 2022 to $625,000, though accompanied by increased liabilities.
Frequently Asked Questions about Quality First Child Care Inc
Is Quality First Child Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Quality First Child Care Inc (EIN: 10946091) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Quality First Child Care Inc spend its money?
Quality First Child Care Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Quality First Child Care Inc tax-deductible?
Quality First Child Care Inc is registered as a tax-exempt nonprofit (EIN: 10946091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Quality First Child Care Inc. financially stable?
The organization's financial stability appears to fluctuate. While it has consistent revenue, its liabilities in 2022 ($575,000) were very close to its assets ($625,000), indicating a potentially tight financial position compared to previous years like 2021 where assets significantly exceeded liabilities.
How does Quality First Child Care Inc. manage its expenses?
In 2022, expenses were $575,000 against $625,000 in revenue, showing a relatively high expense ratio for that year. However, in 2021, expenses were $295,000 against $605,000 in revenue, indicating more efficient expense management in that period. Without a detailed functional expense breakdown, specific efficiency cannot be fully determined.
What is the trend in Quality First Child Care Inc.'s revenue?
Revenue has shown significant fluctuations over the years, peaking at $977,189 in 2020 and $910,970 in 2019, but dropping to $625,000 in 2022. This indicates an inconsistent revenue stream that warrants further investigation.
Does Quality First Child Care Inc. pay its executives?
No, all available IRS 990 filings consistently report 0% officer compensation, meaning no executives or key employees received salaries from the organization.
Filing History
IRS 990 filing history for Quality First Child Care Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Quality First Child Care Inc's revenue has grown by 941.7%, moving from $60K to $625K. Total assets increased by 6685.4% over the same period, from $9K to $625K. Total functional expenses rose by 930.7%, from $56K to $575K. In its most recent filing year (2022), Quality First Child Care Inc reported a surplus of $50K, with revenue exceeding expenses. The organization holds $575K in liabilities against $625K in assets (debt-to-asset ratio: 92.0%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $625K | $575K | $625K | $575K | — | — |
| 2021 | $605K | $295K | $160K | $160K | — | View 990 |
| 2020 | $977K | $396K | $160K | $160K | — | View 990 |
| 2019 | $911K | $500K | $311K | $100K | — | View 990 |
| 2018 | $813K | $561K | $252K | $95K | — | View 990 |
| 2017 | $680K | $576K | $104K | $76K | — | View 990 |
| 2016 | $556K | $410K | $146K | $88K | — | View 990 |
| 2015 | $400K | $327K | $170K | $77K | — | View 990 |
| 2014 | $162K | $143K | $29K | $20K | — | View 990 |
| 2013 | $70K | $59K | $10K | $16K | — | View 990 |
| 2012 | $73K | $57K | $21K | $5K | — | View 990 |
| 2011 | $60K | $56K | $9K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $625K, expenses of $575K, and assets of $625K (revenue +3.3% year-over-year).
- 2021: Revenue of $605K, expenses of $295K, and assets of $160K (revenue -38.1% year-over-year).
- 2020: Revenue of $977K, expenses of $396K, and assets of $160K (revenue +7.3% year-over-year).
- 2019: Revenue of $911K, expenses of $500K, and assets of $311K (revenue +12.1% year-over-year).
- 2018: Revenue of $813K, expenses of $561K, and assets of $252K (revenue +19.5% year-over-year).
- 2017: Revenue of $680K, expenses of $576K, and assets of $104K (revenue +22.2% year-over-year).
- 2016: Revenue of $556K, expenses of $410K, and assets of $146K (revenue +39.1% year-over-year).
- 2015: Revenue of $400K, expenses of $327K, and assets of $170K (revenue +147.1% year-over-year).
- 2014: Revenue of $162K, expenses of $143K, and assets of $29K (revenue +132.7% year-over-year).
- 2013: Revenue of $70K, expenses of $59K, and assets of $10K (revenue -4.7% year-over-year).
- 2012: Revenue of $73K, expenses of $57K, and assets of $21K (revenue +21.7% year-over-year).
- 2011: Revenue of $60K, expenses of $56K, and assets of $9K.
Data Sources and Methodology
This transparency report for Quality First Child Care Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.