JOYCE IVY FOUNDATION

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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

2006

Legal Domicile

Principal Officer

MICHELLE ROSYNSKY ED D

Phone

4402633321

Tax Period

2024-09-01 to 2025-08-31

JOYCE IVY FOUNDATION, founded in 2006, is a small nonprofit in the Education sector that reported $514K in total revenue in fiscal year 2024. Expenses of $490K left a modest 5% surplus.

Mission

THE JOYCE IVY FOUNDATION (JIF) WAS ESTABLISHED TO PROVIDE EXPOSURE, ENCOURAGEMENT, COUNSEL, FINANCIAL ASSISTANCE AND EMPLOYMENT SUPPORT TO YOUNG MIDWESTERN WOMEN WHO HAVE THE ACADEMIC, INTELLECTUAL, AND LEADERSHIP POTENTIAL TO ATTEND THE NATION'S MOST SELECTIVE INSTITUTIONS OF HIGHER EDUCATION. JIF HAS A PROGRAM OF PARTNERING WITH LEADING PRESTIGIOUS UNIVERSITIES TO PROVIDE MATCHING GRANTS AND OTHER SCHOLARSHIPS FOR SUMMER PROGRAMS TO THE SCHOLARS. JIF ALSO SPONSORS FREE COLLEGE ACCESS ACTIVITIES THAT ARE OPEN TO MIDWESTERNERS.

Program Service Accomplishments

Program 1

Expenses: $400,388

SCHOLARSHIPS WERE AWARDED TO YOUNG WOMEN TO ATTEND SUMMER PROGRAMS AT LEADING INSTITUTIONS OF HIGHER EDUCATION. GRANTS INCLUDED FUNDS FOR TUITION, ROOM, BOARD, TRAVEL AND SUNDRY EXPENSES. THE...

SCHOLARSHIPS WERE AWARDED TO YOUNG WOMEN TO ATTEND SUMMER PROGRAMS AT LEADING INSTITUTIONS OF HIGHER EDUCATION. GRANTS INCLUDED FUNDS FOR TUITION, ROOM, BOARD, TRAVEL AND SUNDRY EXPENSES. THE FOUNDATION ALSO HELPED ARRANGE ADDITIONAL FINANCIAL AID FOR ITS SCHOLARS.

Program 2

THE FOUNDATION HELD A SERIES OF FREE VIRTUAL AND IN PERSON PROGRAMMING FOR HIGH SCHOOL STUDENTS FROM THE MIDWEST ON TOPICS RANGING FROM FINANCING YOUR EDUCATION TO FORMING YOUR COLLEGE LIST...

THE FOUNDATION HELD A SERIES OF FREE VIRTUAL AND IN PERSON PROGRAMMING FOR HIGH SCHOOL STUDENTS FROM THE MIDWEST ON TOPICS RANGING FROM FINANCING YOUR EDUCATION TO FORMING YOUR COLLEGE LIST, PREPARING FOR YOUR SUMMER PROGRAM AND ADVOCATING FOR YOURSELF IN THE COLLEGE APPLICATION PROCESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $494,867

Program Service Revenue $0

Investment Income $37,528

Other Revenue $-17,913

TOTAL REVENUE $514,482

Expense Breakdown

Grants Paid $203,271

Salaries & Benefits $172,490

Fundraising Expenses $48,717

Program Expenses $400,388

Other Expenses $114,215

TOTAL EXPENSES $489,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$514,482	$534,838	0.0%
Expenses	$489,976	$434,170	+0.1%
Net Income	$24,506	$100,668	-0.8%

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

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

$28,390

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE ROSYNSKY ED D	EXECUTIVE DI	40.00	Officer	$28,390	$0	$28,390
ERICH BAGEN	DIRECTOR	0.50	Director	$0	$0	$0
FRED BLANCK	DIRECTOR	0.50	Director	$0	$0	$0
VALERIE BRADER	CHAIR OF BOA	5.00	Officer Director	$0	$0	$0
ERICA CAMERON	TREASURER	3.00	Officer Director	$0	$0	$0
AUDREY DIMARZO	SECRETARY	0.50	Officer Director	$0	$0	$0
ANISHA GUPTA	DIRECTOR	0.50	Director	$0	$0	$0
KATHARINE JAMES	DIRECTOR	0.50	Director	$0	$0	$0
S CAROLINE KERR	DIRECTOR	0.50	Director	$0	$0	$0
GREG LEWIS	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER MADLAND	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL PRITULA	DIRECTOR	0.50	Director	$0	$0	$0
JASMYN SAMAROO	VICE CHAIR	0.50	Officer Director	$0	$0	$0
BRET SILVER	DIRECTOR	0.50	Director	$0	$0	$0
EMILY TAYLOR	DIRECTOR	0.50	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
2025	$514,482	$489,976	$394,372	$24,506
2024	$534,838	$434,170	$394,826	$100,668
2024	$580,697	$447,315	$394,826	$133,382
2023	$470,418	$487,548	$311,962	$-17,130
2022	$451,727	$495,811	$314,412	$-44,084
2021	$432,869	$350,637	$366,029	$82,232
2020	$315,267	$246,570	$286,086	$68,697
2019	$473,808	$436,816	$191,591	$36,992
2018	$524,604	$381,044	$157,746	$143,560