JOVIAL CONCEPTS (EIN 271059850) - 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

2009

Legal Domicile

Principal Officer

KRISTINA WELCH

Phone

3035782569

Tax Period

2023-01-01 to 2023-12-31

JOVIAL CONCEPTS, founded in 2009, is a community nonprofit in the Crime & Legal sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 321% from the prior year, signaling strong growth momentum. The organization ran a surplus of $968K, a strong 59% operating margin.

Mission

TO EMPOWER UNDER-SERVED COMMUNITIES TO THRIVE, BY PROVIDING HEALTHY FOOD VIA SUSTAINABLE, ORGANIC, URBAN AGRICULTURAL ACTIVITIES.

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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 $687,440

Program Service Revenue $2,820

Investment Income $957,883

Other Revenue $1,571

TOTAL REVENUE $1,649,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,780

Fundraising Expenses $9,641

Program Expenses $623,810

Other Expenses $602,747

TOTAL EXPENSES $681,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,649,714	$391,806	+3.2%
Expenses	$681,527	$457,137	+0.5%
Net Income	$968,187	$-65,331	-15.8%

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

3600

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

$78,780

Total Directors

$78,780

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTINA WELCH	FOUNDER/EXECUTIVE DIRECTOR	40.00	Officer Director	$78,780	$0	$78,780
YVONNE WELCH	TREASURER	2.50	Officer Director	$0	$0	$0
ANDREA LEONARD	DIRECTOR	2.50	Director	$0	$0	$0
SHERMAN PHILLIPS	DIRECTOR	2.50	Director	$0	$0	$0
JEFF LAWHEAD	DIRECTOR	2.50	Director	$0	$0	$0
EMILY LAUHER	DIRECTOR	2.50	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
2024	No data	No data	No data	No data
2023	$1,649,714	$681,527	$1,303,766	$968,187
2022	$391,806	$457,137	$1,059,512	$-65,331
2021	$705,436	$615,798	$1,062,005	$89,638
2020	$501,886	$389,946	$1,029,034	$111,940
2019	$166,384	$130,655	$921,176	$35,729
2018	$133,910	$105,529	$876,550	$28,381

JOVIAL CONCEPTS