Joyful Word Ministries Inc (EIN 431292363) - 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

1983

Legal Domicile

Principal Officer

Charles LaBlanc

Phone

6364050500

Tax Period

2024-01-01 to 2024-12-31

Joyful Word Ministries Inc, founded in 1983, is a small nonprofit in the Religion sector that reported $232K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

Preach the Gospel of Jesus Christ

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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 $181,494

Program Service Revenue $42,163

Investment Income $1

Other Revenue $8,003

TOTAL REVENUE $231,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,910

Fundraising Expenses $0

Program Expenses $232,661

Other Expenses $97,751

TOTAL EXPENSES $232,661

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,661	$265,410	-0.1%
Expenses	$232,661	$269,875	-0.1%
Net Income	$-1,000	$-4,465	-0.8%

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

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

$101,712

Total Directors

$101,712

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES LEBLANC	President	40.00	Officer Director	$29,392	$30,001	$59,393
JILL LEBLANC	SecretaryVP	40.00	Officer Director	$17,320	$24,999	$42,319
PAT BRADLEY	Treasurer	1.00	Officer Director	$0	$0	$0
DAVID GOLDSTEIN	Director	1.00	Director	$0	$0	$0
JEFF PERRY	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	$231,661	$232,661	$29,011	$-1,000
2023	$265,410	$269,875	$26,869	$-4,465
2022	$184,199	$185,628	$29,834	$-1,429
2021	$185,541	$164,523	$27,334	$21,018
2020	$214,285	$217,921	$29,953	$-3,636
2019	$191,187	$166,611	$10,361	$24,576
2018	$239,530	$241,265	$8,764	$-1,735

Joyful Word Ministries Inc