JOY INTERNATIONAL EXCHANGE STUDENT… - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

MI JUNG SON

Phone

2679757607

Tax Period

2024-07-01 to 2025-06-30

JOY INTERNATIONAL EXCHANGE STUDENT INC, founded in 2011, is a small nonprofit that reported $986K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $913K left a modest 7% surplus.

Mission

PROVIDING HIGH SCHOOL STUDENTS FROM OTHER COUNTRIES WITH OPPORTUNITIES TO LEARN DIFFERENT CULTURE IN THE UNITED STATES AND TO SHARE THEIR OWN CULTURE AMONG OTHERS.

Program Service Accomplishments

Program 1

Expenses: $840,871

PROVIDING HIGH SCHOOL STUDENTS FROM OTHER COUNTRIES WITH OPPORTUNITIES TO LEARN DIFFERENT CULTURE IN THE UNITED STATES AND TO SHARE THEIR OWN CULTURE AMONG OTHERS.

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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 $985,779

Investment Income $0

Other Revenue $0

TOTAL REVENUE $985,779

Expense Breakdown

Grants Paid $4,230

Salaries & Benefits $53,623

Fundraising Expenses $0

Program Expenses $847,451

Other Expenses $855,190

TOTAL EXPENSES $913,043

Year-over-Year Comparison

	2024	2023	Change
Revenue	$985,779	$800,225	+0.2%
Expenses	$913,043	$920,864	0.0%
Net Income	$72,736	$-120,639	-1.6%

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

$43,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAN IL SON	TREASURER	40.00	Officer	$21,600	$0	$21,600
MI JUNG SON	PRESIDENT	40.00	Officer	$21,600	$0	$21,600

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	$985,779	$913,043	$584,894	$72,736
2024	$800,225	$920,864	$528,994	$-120,639
2023	$1,156,378	$1,110,011	$639,963	$46,367
2022	$1,116,765	$1,055,062	$588,913	$61,703
2021	$1,299,581	$1,275,342	$537,509	$24,239
2020	$1,368,202	$1,462,111	$514,364	$-93,909
2019	$1,430,905	$1,364,789	$442,345	$66,116

JOY INTERNATIONAL EXCHANGE STUDENT INC