Joyful Noise Inc (EIN 050377713) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

Jennifer Rathbun

Phone

4018288210

Tax Period

2023-01-01 to 2023-12-31

Joyful Noise Inc, founded in 1978, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

Child care services

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,315

Program Service Revenue $1,158,288

Investment Income $124

Other Revenue $6,114

TOTAL REVENUE $1,169,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $970,936

Fundraising Expenses $0

Program Expenses $1,100,203

Other Expenses $310,376

TOTAL EXPENSES $1,281,312

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,169,841	$1,324,562	-0.1%
Expenses	$1,281,312	$1,131,401	+0.1%
Net Income	$-111,471	$193,161	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$83,490

Total Directors

$266,397

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cathy Young	President	2.50	Officer Director	$0	$0	$0
Bob Maine	Treasurer	2.50	Officer Director	$0	$0	$0
Louise Cruz	VP	1.00	Officer Director	$0	$0	$0
Renee Rice	Member	1.00	Director	$0	$0	$0
Kristi Castore	Member-Adm Asst	40.00	Director	$47,345	$0	$47,345
Maria Duquette	Secretary	1.00	Officer Director	$0	$0	$0
Eunice David	Member	1.00	Director	$0	$0	$0
Jennifer Rathbun	Direector and Child Care A	40.00	Officer Director	$83,490	$0	$83,490
Teressah Tucker	Member	1.00	Director	$0	$0	$0
Jo-Ann Macccarone	Member- Pre-K teacher	40.00	Director	$57,505	$0	$57,505
Angela Reels	Member- Shool age coordina	1.00	Director	$78,057	$0	$78,057
Myron Gadoury	Member	1.00	Director	$0	$0	$0
Brihanda Garcia	Member	1.00	Director	$0	$0	$0
Kathy Plante	Member	1.00	Director	$0	$0	$0
Katie Conti	Member	1.00	Director	$0	$0	$0
Seana Donahue	Member	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,169,841	$1,281,312	$585,393	$-111,471
2022	$1,324,562	$1,131,401	$693,735	$193,161
2021	$1,153,894	$980,162	$488,113	$173,732
2020	$664,113	$726,594	$189,497	$-62,481
2019	$853,628	$820,158	$131,309	$33,470
2018	$796,450	$751,634	$108,901	$44,816

Joyful Noise Inc