JOYCORPS PROJECT

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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

1999

Legal Domicile

Principal Officer

SAM PARAKKAL

Phone

6055854009

Tax Period

2023-01-01 to 2023-12-31

JOYCORPS PROJECT, founded in 1999, is a small nonprofit in the International Affairs sector that reported $577K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

WE NBSP;EQUIP NBSP;AGRARIAN NBSP;AND NBSP;CRAFT-BASED NBSP;ENTREPRENEURS NBSP;IN NBSP;ASIA NBSP;WHO NBSP;ARE NBSP;COMMITTED NBSP;TO NBSP;RESTORING NBSP;VULNERABLE NBSP;COMMUNITIES NBSP;THROUGH NBSP;REDEMPTIVE NBSP;VENTURE NBSP;CREATION

Program Service Accomplishments

Program 1

Expenses: $383,967

ASSESS AND ACCELERATE SOCIAL BUSINESSES IN CENTRAL ASIA BY TRAINING LOCAL ARTISANS AND ENTREPRENEURS TO PRODUCE MARKETABLE PRODUCTS, CREATING SUSTAINABLE JOBS AND POSITIVE COMMUNITY IMPACT.

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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 $577,133

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $577,133

Expense Breakdown

Grants Paid $75,045

Salaries & Benefits $161,150

Fundraising Expenses $95,267

Program Expenses $383,967

Other Expenses $337,408

TOTAL EXPENSES $580,603

Year-over-Year Comparison

	2023	2022	Change
Revenue	$577,133	$483,922	+0.2%
Expenses	$580,603	$608,914	0.0%
Net Income	$-3,470	$-124,992	-1.0%

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

$91,985

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTEN WILLARD	BOARD CHAIR	001.00	Officer Director	$0	$0	$0
HENRY HO	BOARD MEMBER	001.00	Director	$0	$0	$0
LISA PINEIRA	BOARD MEMBER	001.00	Director	$0	$0	$0
DEMI LLOYD KIERSZNOWSKI	BOARD MEMBER	001.00	Director	$0	$0	$0
SAM PARAKKAL	EXECUTIVE DIRECTOR	040.00	Officer	$54,655	$1,640	$56,295
RACHEL MEISEL	US DIRECTOR	020.00	Officer	$34,650	$1,040	$35,690

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	$577,133	$580,603	$70,930	$-3,470
2022	$483,922	$608,914	$78,682	$-124,992
2021	$725,813	$748,891	$202,349	$-23,078
2020	$668,966	$581,860	$239,502	$87,106
2020	$668,966	$581,860	$239,502	$87,106
2019	$502,748	$592,694	$138,209	$-89,946
2019	$502,748	$593,303	$138,209	$-90,555
2018	$634,640	$461,730	$227,750	$172,910