JOYCE NETWORK INC (EIN 311177787) - 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

1986

Legal Domicile

Principal Officer

NICOLE SKAGGS

Phone

3173922223

Tax Period

2023-10-01 to 2024-09-30

JOYCE NETWORK INC, founded in 1986, is a community nonprofit in the Human Services sector that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION IS A SPONSOR IN THE U.S. DEPARTMENT OF AGRICULTURE'S CHILD AND ADULT CARE FOOD PROGRAM. THE JOYCE NETWORK REIMBURSES LEGALLY LICENSED EXEMPT PROVIDERS AND LICENSED HOMES WHO SERVE NUTRITIOUS MEALS TO ELIGIBLE CHILDREN.

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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 $2,555,226

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,555,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $247,301

Fundraising Expenses $0

Program Expenses $2,462,737

Other Expenses $2,292,826

TOTAL EXPENSES $2,540,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,555,226	$3,984,945	-0.4%
Expenses	$2,540,127	$3,981,866	-0.4%
Net Income	$15,099	$3,079	+3.9%

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

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

$92,468

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE SKAGGS	EXECUTIVE DI	40.00	Officer	$91,749	$719	$92,468
AMY BALTING	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
AMY DILLON	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURA HEDRICK	TREASURER	1.00	Officer Director	$0	$0	$0
KRISTI PHELPS	SECRETARY	1.00	Officer 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	$2,555,226	$2,540,127	$282,855	$15,099
2023	$3,997,850	$4,009,976	$333,871	$-12,126
2023	$3,984,945	$3,981,866	$320,965	$3,079
2022	$2,595,162	$2,692,184	$326,317	$-97,022
2021	$2,969,267	$2,977,529	$243,654	$-8,262
2020	$2,322,172	$2,356,276	$249,915	$-34,104
2019	$2,817,340	$2,820,543	$286,176	$-3,203
2018	$2,684,371	$2,681,521	$239,486	$2,850

JOYCE NETWORK INC