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Looking After Your Center’s Financial Health
August 20, 2007
So what do I mean by the phrase, ‘heart-centered teaching inspired by nature?’ I’m talking about a way of supporting children that comes from a place of love for each other and a place of awe and appreciation for the wonders of the world around us.
-Nancy Rosenow, from the book, Heart-Centered Teaching Inspired by Nature
In an article, “Five Fundamentals of Financial Health,” in the popular Exchange book: Managing Money: A Center Director’s Guidebook, Mary Brower and Theresa Sull elaborate on these five fundamentals for the foundation of the financial health of your child care program…

  1. Enrollment of program is at capacity, with a waiting list in place.
  2. Tuition is based on the full cost of care.
  3. Family fees are paid on time.
  4. Program’s bills and taxes are being paid on time.
  5. A cash reserve can cover operating expenses for three months.


Save 33% on the Center Manager's Tool Kit

Exchange has packaged six of its practical management resources into a single “Manager’s Tool Kit” and is offering the entire set at a 33% discount — separately these resources would cost $166, but we are offering the entire Tool Kit for only $112. Resources in the kit include…

  • The Art of Leadership: Managing Early Childhood Organizations
  • Managing Money: A Center Director’s Guidebook
  • Stick Your Neck Out — A Street-Smart Guide to Creating Change in Your Community and Beyond
  • 250 Management Success Stories from Child Care Directors
  • Exchange Article CD Collection #7: Marketing
  • Exchange Article CD Collection #9: Taking Stock — Evaluation Tools for Program, Teacher, and Director

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Comments (1)

Displaying 1 Comment
Debbie Moore · August 21, 2007
National Association for Family Child Care
United States


I appreciate the fact that you changed the references in the text of this email from "center" to "program" but it would have been even better if the subject line of the email did not imply that it was only applicable to centers. The 5 priciples for financial health apply equally well to family child care programs.



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