The Joy School Endowment Fund (EIN 384045948) - 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

2017

Legal Domicile

Principal Officer

Kirby Shanks

Phone

7135230660

Tax Period

2023-08-01 to 2024-07-31

The Joy School Endowment Fund, founded in 2017, is a micro nonprofit in the Education sector that reported $19K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $165K exceeded revenue, resulting in a 756% operating deficit.

Mission

To support the mission and benevolent activities of the Joy Development School.

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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 $0

Program Service Revenue $0

Investment Income $19,241

Other Revenue $0

TOTAL REVENUE $19,241

Expense Breakdown

Grants Paid $156,862

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,862

Other Expenses $7,935

TOTAL EXPENSES $164,797

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,241	$192,032	-0.9%
Expenses	$164,797	$5,510	+28.9%
Net Income	$-145,556	$186,522	-1.8%

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

$386,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kirby Shanks	President	1.00	Officer Director	$0	$0	$0
Michael Morfey	Secretary	1.00	Officer Director	$0	$0	$0
Cameron Pope	Treasurer	1.00	Officer Director	$0	$0	$0
Trish Hayes	Director	1.00	Director	$0	$0	$0
Patricia Melcher	Director	1.00	Director	$0	$0	$0
Lynn Schriber	Director	1.00	Director	$0	$0	$0
Jeff Springmeyer	Director	1.00	Director	$0	$0	$0
Shara Bumgarner	School President/Head	1.00	Officer	$0	$23,705	$263,301
Sharon Donia	School CFO	1.00	Officer	$0	$13,610	$123,032

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	$19,241	$164,797	$762,264	$-145,556
2023	$192,032	$5,510	$821,755	$186,522
2022	$253,401	$4,322	$635,153	$249,079
2018	$230,894	No data	$230,894	No data

The Joy School Endowment Fund