JOINT DEVELOPMENT FOUNDATION

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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

2014

Legal Domicile

Principal Officer

STEPHANIE WIGLE

Phone

4157239709

Tax Period

2023-01-01 to 2023-12-31

JOINT DEVELOPMENT FOUNDATION, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $3.5M exceeded revenue, resulting in a 95% operating deficit.

Mission

THE GOAL OF THE JOINT DEVELOPMENT FOUNDATION IS TO HELP PROJECTS GET UP AND RUNNING QUICKLY, WITHOUT THE NEED TO NEGOTIATE CUSTOM AGREEMENTS.

Program Service Accomplishments

Program 1

THE JOINT DEVELOPMENT FOUNDATION PROVIDES THE CORPORATE AND LEGAL INFRASTRUCTURE TO ENABLE GROUPS TO QUICKLY ESTABLISH AND OPERATE LIGHTWEIGHT COLLABORATIONS TO DEVELOP TECHNICAL SPECIFICATIONS...

THE JOINT DEVELOPMENT FOUNDATION PROVIDES THE CORPORATE AND LEGAL INFRASTRUCTURE TO ENABLE GROUPS TO QUICKLY ESTABLISH AND OPERATE LIGHTWEIGHT COLLABORATIONS TO DEVELOP TECHNICAL SPECIFICATIONS, STANDARDS, AND SOURCE CODE.

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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 $11,000

Program Service Revenue $1,779,375

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,790,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,500,091

TOTAL EXPENSES $3,500,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,790,375	$1,951,625	-0.1%
Expenses	$3,500,091	$3,209,235	+0.1%
Net Income	$-1,709,716	$-1,257,610	+0.4%

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
JAMES ZEMLIN	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVID RUDIN	DIRECTOR	1.00	Director	$0	$0	$0
FRANK FANZILLI	DIRECTOR	1.00	Director	$0	$0	$0
DOUG FISHER	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
2024	No data	No data	No data	No data
2023	$1,790,375	$3,500,091	$2,800,815	$-1,709,716
2022	$1,951,625	$3,209,235	$5,072,261	$-1,257,610
2021	$1,900,709	$1,290,932	$5,744,847	$609,777
2020	$1,744,833	$865,078	$5,090,981	$879,755
2019	$1,861,792	$675,218	$4,075,114	$1,186,574
2018	$1,754,067	$1,082,028	$2,721,599	$672,039
2018	$1,754,067	$1,082,028	$2,721,599	$672,039