Joy In Childhood Foundation Inc (EIN 260593784) - 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

2007

Legal Domicile

Principal Officer

Victor Carvalho

Phone

7817373000

Tax Period

2024-01-01 to 2024-12-31

Joy In Childhood Foundation Inc, founded in 2007, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $14.4M in total revenue in fiscal year 2024. Expenses of $13.9M left a modest 3% surplus.

Mission

To provide grants to charitable organizations that provide joy to sick and hungry kids.

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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 $15,254,592

Program Service Revenue $0

Investment Income $388,585

Other Revenue $-1,266,123

TOTAL REVENUE $14,377,054

Expense Breakdown

Grants Paid $10,954,839

Salaries & Benefits $0

Fundraising Expenses $1,928,677

Program Expenses $11,421,473

Other Expenses $2,981,743

TOTAL EXPENSES $13,936,582

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,377,054	$14,498,401	0.0%
Expenses	$13,936,582	$12,547,927	+0.1%
Net Income	$440,472	$1,950,474	-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

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
Suzanne Andrade	Director	1.00	Director	$0	$0	$0
David Baumgartner	Director	1.00	Director	$0	$0	$0
Ashley Coneff	Director	1.00	Director	$0	$0	$0
Kelly Fish	Director	1.00	Director	$0	$0	$0
Jerid Grandinetti	Director	1.00	Director	$0	$0	$0
Wendy Leveillee	Director	1.00	Director	$0	$0	$0
Daniel Novick	Director	1.00	Director	$0	$0	$0
Dwar Patel	Director	1.00	Director	$0	$0	$0
Kajal Patel	Director	1.00	Director	$0	$0	$0
Parth Patel	Director	1.00	Director	$0	$0	$0
Raj Patel	Director	1.00	Director	$0	$0	$0
Molly Mills	Director	1.00	Director	$0	$0	$0
Victor Carvalho	Chair	5.00	Officer Director	$0	$0	$0
Kristen Fitzpatrick	Treasurer	5.00	Officer Director	$0	$0	$0
Parag Patel	Clerk	5.00	Officer Director	$0	$0	$0
Mollie Collum	Executive Director	25.00	Officer	$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	$14,377,054	$13,936,582	$8,991,193	$440,472
2023	$14,498,401	$12,547,927	$9,073,357	$1,950,474
2022	$10,516,536	$12,262,681	$6,400,575	$-1,746,145
2021	$8,931,292	$8,779,746	$7,582,989	$151,546
2020	$6,425,866	$6,051,697	$7,829,809	$374,169
2019	$5,920,585	$6,688,107	$7,729,411	$-767,522

Joy In Childhood Foundation Inc