PROJECT JOY (EIN 472796137) - 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

2014

Legal Domicile

Principal Officer

KIMBERLY WATSON

Phone

6616073976

Tax Period

2023-01-01 to 2023-12-31

PROJECT JOY, founded in 2014, is a community nonprofit in the Youth Development sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $304K, a strong 24% operating margin.

Mission

Mission is to provide jobs and opportunities for the most vulnerable in the Antelope Valley. Vision is to break the cycle of generational poverty and the effects of systematic injustices

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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 $1,248,977

Program Service Revenue $33,000

Investment Income $2,473

Other Revenue $0

TOTAL REVENUE $1,284,450

Expense Breakdown

Grants Paid $91,828

Salaries & Benefits $554,461

Fundraising Expenses $0

Program Expenses $116,947

Other Expenses $323,257

TOTAL EXPENSES $980,571

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,284,450	$909,947	+0.4%
Expenses	$980,571	$665,391	+0.5%
Net Income	$303,879	$244,556	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY WATSON	EXECUTIVE DIRECTOR	40	Highest	$131,572	$0	$131,572
DANIELLE HELLER	BOARD MEMBER	1	Officer	$0	$0	$0
BYRON BRANTLEY JR	BOARD MEMBER	1	Officer	$0	$0	$0
TAVIA WOOLEY ILES	BOARD MEMBER	1	Officer	$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	$1,284,450	$980,571	$801,020	$303,879
2022	$909,947	$665,391	$795,040	$244,556
2021	$466,182	$374,139	$219,650	$92,043
2020	$229,721	$126,111	$106,264	$103,610

PROJECT JOY