THE KENNETH JOYCE FOUNDATION INC C… - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

MICHAEL JOYCE

Phone

8606598899

Tax Period

2023-01-01 to 2023-12-31

THE KENNETH JOYCE FOUNDATION INC C/O MICHAEL JOYCE, founded in 2009, is a micro nonprofit that reported $41K in total revenue in fiscal year 2023. Revenue surged 531% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26K, a strong 64% operating margin.

Mission

THE FOUNDATION HAS BEEN CREATED IN ORDER TO HONOR THE LIFE AND MEMORY OF KENNETH JOYCE BY PROVIDING YOUNG MEN AND WOMEN WITH COLLEGE SCHOLARSHIPS, FINANCIAL SUPPORT FOR LEADERSHIP PROGRAMS, SUPPORT FOR LOCAL ATHLETIC PROGRAMS AND TO PROVIDE GENERAL COMMUNITY SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $12,000

PROVIDED $2,000 SCHOLARSHIPS TO THE FOLLOWING STUDENTS:-JACKSON BOYD-LAUREN CARLINO-EMILY CRISAFULLI-JOHN DESAMARAIS-OWEN PETERSON-TEAGAN ROONEY

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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 $404

Program Service Revenue $0

Investment Income $40,644

Other Revenue $0

TOTAL REVENUE $41,048

Expense Breakdown

Grants Paid $12,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,000

Other Expenses $2,611

TOTAL EXPENSES $14,611

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,048	$6,501	+5.3%
Expenses	$14,611	$19,949	-0.3%
Net Income	$26,437	$-13,448	-3.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL JOYCE	PRESIDENT	4.00	Officer Director	$0	$0	$0
THOMAS JOYCE	TREASURER	4.00	Officer Director	$0	$0	$0
PAMELA JOYCE	SECRETARY	4.00	Officer Director	$0	$0	$0
STEWART WARE	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY HESSLER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM ANTHONY	DIRECTOR	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$41,048	$14,611	$316,864	$26,437

THE KENNETH JOYCE FOUNDATION INC C/O MICHAEL JOYCE