JOY OVERFLOW INTERNATIONAL MINISTR… - 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

2017

Legal Domicile

Principal Officer

VICTOR AKINYEMI

Phone

4436006820

Tax Period

2024-01-01 to 2024-12-31

JOY OVERFLOW INTERNATIONAL MINISTRIES INC, founded in 2017, is a small nonprofit in the Religion sector that reported $896K in total revenue in fiscal year 2024. The organization ran a surplus of $235K, a strong 26% operating margin.

Mission

To empower clients to improve their ability in managing their daily living needs and be functioning members of their community

Program Service Accomplishments

Program 1

To empower clients to improve their ability in managing their daily living needs and be functioning members of their community

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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 $162,106

Program Service Revenue $734,257

Investment Income $0

Other Revenue $0

TOTAL REVENUE $896,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $413,861

Fundraising Expenses $0

Other Expenses $247,578

TOTAL EXPENSES $661,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$896,363	$897,325	0.0%
Expenses	$661,439	$665,311	0.0%
Net Income	$234,924	$232,014	+0.0%

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

Total Directors

$69,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR AKINYEMI	RESIDENT AGENT	40	Director	$69,000	$0	$69,000

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	$896,363	$661,439	$710,708	$234,924
2023	$897,325	$665,311	$475,784	$232,014
2022	$720,793	$549,312	$243,770	$171,481
2021	$398,231	$300,897	$72,289	$97,334
2020	$86,412	$109,094	$16,483	$-22,682

JOY OVERFLOW INTERNATIONAL MINISTRIES INC