JASMYN PROPERTIES INC

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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

MICHELLE TAPPOUNI

Phone

9043890089

Tax Period

2024-01-01 to 2024-12-31

JASMYN PROPERTIES INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $108K in total revenue in fiscal year 2024. Expenses of $177K exceeded revenue, resulting in a 64% operating deficit.

Mission

TO HOLD TITLE TO THE PROPERTY, COLLECT INCOME THEREFROM & TURN OVER THE ENTIRE AMOUNT LESS EXPENSES TO JACKSONVILLE AREA SEXUAL MINORITY YOUTH NETWORK, INC.

Program Service Accomplishments

Program 1

Expenses: $163,506

JASMYN PROPERTIES, INC. HOLDS TITLE TO THE REAL PROPERTY OF THE JACKSONVILLE AREA SEXUAL MINORITY YOUTH NETWORK (JASMYN), COLLECTS INCOME THEREFROM, OVERSEES MAINTENANCE AND IMPROVEMENTS, AND TURNS OVER THE ENTIRE AMOUNT LESS EXPENSES TO SUPPORT JASMYN OPERATIONS. JASMYN SUPPORTS THE EMPOWERMENT OF LGBTQIA+ TEENS AND YOUNG ADULTS THROUGH LEADERSHIP, ADVOCACY, RESOURCES, AND A SAFE AND AFFIRMING COMMUNITY.

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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 $0

Program Service Revenue $108,000

Investment Income $83

Other Revenue $0

TOTAL REVENUE $108,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $163,506

Other Expenses $176,952

TOTAL EXPENSES $176,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,083	$108,216	0.0%
Expenses	$176,952	$15,053	+10.8%
Net Income	$-68,869	$93,163	-1.7%

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
CHASITY BELL	BOARD MEMBER	N/A	Director	$0	$0	$0
EDI CASTRO	BOARD MEMBER	N/A	Director	$0	$0	$0
AMANDA DAVIS	BOARD MEMBER	N/A	Director	$0	$0	$0
CORY HAYNES	SECRETARY	N/A	Officer Director	$0	$0	$0
JIMMY MIDYETTE JR	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES RICHARDSON	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHELLE TAPPOUNI	CHAIR	N/A	Officer Director	$0	$0	$0
SHANE WILLIAMS	CO-CHAIR	N/A	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	$108,083	$176,952	$2,967,139	$-68,869
2023	$108,216	$15,053	$3,029,576	$93,163
2022	$108,229	$144,630	$1,962,613	$-36,401
2021	$358,018	$150,400	$2,025,898	$207,618
2020	$213,155	$161,758	$1,841,977	$51,397
2019	$1,350,612	$593,180	$1,805,450	$757,432
2018	$135,610	$102,886	$958,439	$32,724