JOYFUL BEGINNINGS EARLY EDUCATION PROGRAM Inc

EIN: 475226406 501(c)(3)

Waterford, NY

Total Revenue
$869,297
Total Expenses
$1,063,759
Total Assets
$187,913
Net Assets
$-279,248
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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
NY
Principal Officer
Jason Wellington
Tax Period
2020-01-01 to 2020-12-31

JOYFUL BEGINNINGS EARLY EDUCATION PROGRAM Inc, founded in 2017, is a small nonprofit that reported $869K in total revenue in fiscal year 2020. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 22% operating deficit.

Mission

Providing Childcare Services

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $869,297
Investment Income $0
Other Revenue $0
TOTAL REVENUE $869,297

Expense Breakdown

Grants Paid $0
Salaries & Benefits $544,400
Fundraising Expenses $0
Program Expenses $962,843
Other Expenses $519,359
TOTAL EXPENSES $1,063,759

Year-over-Year Comparison

2020 2019 Change
Revenue $869,297 $605,392 +0.4%
Expenses $1,063,759 $688,464 +0.5%
Net Income $-194,462 $-83,072 +1.3%
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

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Governance

Voting Members
4
Independent Members
2
Employees
40
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Winnifred Wellington Officer 5.00
Officer
$0 $0 $0
Jason Wellington Officer 35.00
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
2020 $869,297 $1,063,759 $187,913 $-194,462
2019 $605,392 $688,464 $233,797 $-83,072
2018 $333,549 $331,289 $71,858 $2,260
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