MICHAEL JOY FINE ARTS SCHOLARSHIP FUND

EIN: 743011143 501(c)(3)

VICTORIA, TX

Total Revenue
$30,647
Total Expenses
$16,700
Total Assets
$13,947
Net Assets
$13,947
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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
2005
Legal Domicile
TX
Principal Officer
SCOTT JOY
Phone
3619356251
Tax Period
2019-01-01 to 2019-12-31

MICHAEL JOY FINE ARTS SCHOLARSHIP FUND, founded in 2005, is a micro nonprofit that reported $31K in total revenue in fiscal year 2019. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14K, a strong 46% operating margin.

Mission

PROVIDE SCHOLARSHIPS AND PROMOTE FINE ARTS

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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 (2019)

Revenue Breakdown

Contributions & Grants $30,647
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $30,647

Expense Breakdown

Grants Paid $15,400
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $16,700
Other Expenses $1,300
TOTAL EXPENSES $16,700

Year-over-Year Comparison

2019 2018 Change
Revenue $30,647 $25,430 +0.2%
Expenses $16,700 $25,914 -0.4%
Net Income $13,947 $-484 -29.8%
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
4
Employees
N/A
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT R JOY CHAIRMAN 0.00
Officer Director
$0 $0 $0
MARY D JOY SECRETARY 0.00
Officer Director
$0 $0 $0
ELLA MARIE DUNCAN TREASURER 1.00
Officer Director
$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
2019 $30,647 $16,700 $13,947 $13,947
2018 $25,430 $25,914 No data $-484
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