THE JCPENNEY FOUNDATION (EIN 752966166) - 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

2001

Legal Domicile

Principal Officer

MICHELLE SING

Phone

9724315628

Tax Period

2023-01-01 to 2023-12-31

THE JCPENNEY FOUNDATION, founded in 2001, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 7% surplus.

Mission

THE JCPENNEY FOUNDATION RAISES PUBLIC AWARENESS OF AND SUPPORTS CHARITABLE PROGRAMS.

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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 $1,419,114

Program Service Revenue $0

Investment Income $53,139

Other Revenue $0

TOTAL REVENUE $1,472,253

Expense Breakdown

Grants Paid $1,196,615

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,213,657

Other Expenses $169,734

TOTAL EXPENSES $1,366,349

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,472,253	$1,255,628	+0.2%
Expenses	$1,366,349	$983,377	+0.4%
Net Income	$105,904	$272,251	-0.6%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDRE JOYNER	CHAIRMAN	1.00	Director	$0	$0	$0
OTIS BUCHANAN	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN MCGHEE	DIRECTOR	0.50	Director	$0	$0	$0
WENDY SANTANA	DIRECTOR	0.50	Director	$0	$0	$0
WAYNE MILANO START 082023	DIRECTOR	0.50	Director	$0	$0	$0
CHAD DUENNES START 082023	DIRECTOR	0.50	Director	$0	$0	$0
LAUREN TESSAROSTART 082023	DIRECTOR	0.50	Director	$0	$0	$0
DAWN WOLVERTON	SECRETARY	1.00	Officer	$0	$0	$0
MICHELLE SING	PRESIDENT	3.00	Officer	$0	$0	$0
DEBBIE MASSIMI	VICE PRESIDENT, TAX MATTERS	0.50	Officer	$0	$0	$0
TIFFANY WHITE	VICE PRESIDENT AND CONTROLLER	1.00	Officer	$0	$0	$0
AYESHA HURST	ASSISTANT CONTROLLER	3.00	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
2024	No data	No data	No data	No data
2023	$1,472,253	$1,366,349	$3,558,360	$105,904
2022	$1,255,628	$983,377	$3,199,674	$272,251
2021	$958,516	$1,574,078	$2,810,788	$-615,562
2020	$895,693	$1,730,027	$3,355,340	$-834,334
2019	$1,611,105	$1,504,590	$4,242,245	$106,515
2019	$1,542,411	$1,406,478	$4,209,229	$135,933
2018	$2,006,968	$2,757,159	$4,252,417	$-750,191

THE JCPENNEY FOUNDATION