The Joy Fund 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

1934

Legal Domicile

Principal Officer

Bernard Shumate

Phone

7575024019

Tax Period

2024-08-01 to 2025-07-31

The Joy Fund Foundation, founded in 1934, is a small nonprofit that reported $140K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $244K exceeded revenue, resulting in a 74% operating deficit.

Mission

The foundation sponsors a year round fundraising campaign to provide toys to needy children

Program Service Accomplishments

Program 1

Expenses: $240,338 Revenue: $140,262

Contributions are solicited through through newspaper, radio, and televsion appeals. The foundation has established a relationship with Salvation Army whereby the toys are distributed through...

Contributions are solicited through through newspaper, radio, and televsion appeals. The foundation has established a relationship with Salvation Army whereby the toys are distributed through referals obtained from churches, schools, and welfare agencies. The Salvation Army orders and distributes the toys to those in need. This relationship began in July 31, 2003 fiscal year.

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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 $140,240

Program Service Revenue $0

Investment Income $22

Other Revenue $0

TOTAL REVENUE $140,262

Expense Breakdown

Grants Paid $217,216

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $240,338

Other Expenses $26,432

TOTAL EXPENSES $243,648

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,262	$215,041	-0.3%
Expenses	$243,648	$193,630	+0.3%
Net Income	$-103,386	$21,411	-5.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Quan	President	0.50	Officer Director	$0	$0	$0
Alan Levenstein	Vice President	0.50	Officer Director	$0	$0	$0
Bernard Shumate	Treasurer	0.50	Officer Director	$0	$0	$0
Thomas W Ambler	Secretary	0.50	Officer Director	$0	$0	$0
Connie Reutt	Director	0.50	Director	$0	$0	$0
Larry D Willis	Director	0.50	Director	$0	$0	$0
Captain Jurmaine Bernabe	Director	0.50	Director	$0	$0	$0
Lt Antonio Willis	Director	0.50	Director	$0	$0	$0
Patricia McCambridge	Director	0.50	Director	$0	$0	$0
Major Chris Flanagan	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	$140,262	$243,648	$145,243	$-103,386
2024	$215,041	$193,630	$248,629	$21,411
2023	$128,639	$162,048	$227,218	$-33,409
2022	$196,426	$213,668	$260,627	$-17,242
2021	$230,557	$273,174	$277,869	$-42,617
2020	$213,106	$257,367	$320,486	$-44,261
2019	$196,372	$278,995	$364,747	$-82,623
2018	$277,976	$300,000	$447,370	$-22,024