REJOICE MINISTRIES INC (EIN 621791396) - 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

2000

Legal Domicile

Principal Officer

SHARYN MAHONEY

Tax Period

2023-06-01 to 2024-05-31

REJOICE MINISTRIES INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $345K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $321K left a modest 7% surplus.

Mission

TO PROVIDE YOUTH DEVELOPMENT IN A CHRISTIAN ATMOSPHERE AND ARTS ACCESS REGARDLESS OF SOCIOECONOMIC STATUS. EVERY STUDENT HAS ACCESS TO SLIDING SCALE TUITION, FREE UNIFORMS, AND COSTUMES TO REMOVE FINANCIAL BARRIERS WITH DANCE TRAINING IN ORDER TO STUDY CLASSICAL ART FORM

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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 $274,508

Program Service Revenue $69,445

Investment Income $101

Other Revenue $1,258

TOTAL REVENUE $345,312

Expense Breakdown

Grants Paid $15,850

Salaries & Benefits $131,057

Fundraising Expenses $12,604

Program Expenses $225,432

Other Expenses $173,835

TOTAL EXPENSES $320,742

Year-over-Year Comparison

	2023	2022	Change
Revenue	$345,312	$278,208	+0.2%
Expenses	$320,742	$320,510	+0.0%
Net Income	$24,570	$-42,302	-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

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

$65,160

Total Directors

$65,160

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARYN MAHONEY	EXECUTIVE DIRECTOR	40.00	Officer Director Highest	$65,160	$0	$65,160
KIMBERLY YEAGER	BOARD MEMBER	8.00	Director	$0	$0	$0
TYSON SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
GRACE FRENCH	BOARD MEMBER	3.00	Director	$0	$0	$0
TATUM CORNEILUS	BOARD MEMBER	8.00	Director	$0	$0	$0
ELEANOR PALMER	BOARD MEMBER	5.00	Director	$0	$0	$0
ELYSE ADLER	PRESIDENT	10.00	Director	$0	$0	$0
MARCUS BRADFORD	BOARD MEMBER	5.00	Director	$0	$0	$0
CHELSEY AIGBE	BOARD MEMBER	3.00	Director	$0	$0	$0
ANNIE CARTER	SECRETARY	10.00	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
2025	No data	No data	No data	No data
2024	$345,312	$320,742	$65,470	$24,570
2023	$113,595	$136,268	$40,351	$-22,673
2022	$232,478	$233,398	$63,024	$-920
2021	$187,285	$185,414	$63,944	$1,871
2020	$191,073	$179,349	$98,981	$11,724
2019	$200,014	$204,980	$50,349	$-4,966
2018	$196,794	$205,008	$55,062	$-8,214

REJOICE MINISTRIES INC