TOM JOYNER FOUNDATION INC (EIN 752730557) - 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

1997

Legal Domicile

Principal Officer

KATHLEEN PARSONS

Phone

9723715893

Tax Period

2023-01-01 to 2023-12-31

TOM JOYNER FOUNDATION INC, founded in 1997, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 1630% from the prior year, signaling strong growth momentum. The organization ran a surplus of $612K, a strong 41% operating margin.

Mission

ADMINISTERS EDUCATIONAL & SCHOLARSHIP PROGRAMS FOR STUDENTS ENROLLED IN HBCUS (HISTORICALLY BLACK COLLEGES AND UNIVERSITIES).

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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 $7,230,178

Program Service Revenue $0

Investment Income $10,690

Other Revenue $-5,730,757

TOTAL REVENUE $1,510,111

Expense Breakdown

Grants Paid $627,162

Salaries & Benefits $167,865

Fundraising Expenses $3,981

Program Expenses $627,162

Other Expenses $103,320

TOTAL EXPENSES $898,347

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,510,111	$87,304	+16.3%
Expenses	$898,347	$447,605	+1.0%
Net Income	$611,764	$-360,301	-2.7%

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

$156,839

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS JOYNER	PRESIDENT/CEO	2.00	Officer Director	$0	$0	$0
ROYCE WEST	SECRETARY	0.30	Officer Director	$0	$0	$0
JULIA ATHERTON	DIRECTOR	0.30	Director	$0	$0	$0
THOMAS KALAHAR	DIRECTOR	0.30	Director	$0	$0	$0
REGINALD WEAVER	DIRECTOR	0.30	Director	$0	$0	$0
ALLISON JOYNER	DIRECTOR	0.30	Director	$0	$0	$0
KATHLEEN PARSONS	CFO/TREASURER	40.00	Officer	$136,796	$20,043	$156,839

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	$1,510,111	$898,347	$7,476,302	$611,764
2022	$87,304	$447,605	$8,539,724	$-360,301
2021	$601,783	$887,360	$2,720,829	$-285,577
2020	$138,847	$998,053	$3,828,671	$-859,206
2019	$2,527,467	$1,992,456	$8,109,418	$535,011
2018	$2,244,887	$2,120,830	$10,676,029	$124,057

TOM JOYNER FOUNDATION INC