Joy Development School (EIN 760547112) - 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

Shara Bumgarner

Phone

7135230660

Tax Period

2023-08-01 to 2024-07-31

Joy Development School, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $11.6M in total revenue in fiscal year 2023. The organization ran a surplus of $1.8M, a strong 16% operating margin.

Mission

The Joy School is a nonsectarian, independent, nonprofit day school focused on meeting the unique needs of students who, although intellectually capable, often have great difficulty finding success in a traditional school environment.

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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 $2,656,435

Program Service Revenue $8,874,415

Investment Income $110,985

Other Revenue $-18,006

TOTAL REVENUE $11,623,829

Expense Breakdown

Grants Paid $814,455

Salaries & Benefits $6,696,327

Fundraising Expenses $425,003

Program Expenses $8,081,282

Other Expenses $2,279,199

TOTAL EXPENSES $9,789,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,623,829	$10,990,692	+0.1%
Expenses	$9,789,981	$8,786,686	+0.1%
Net Income	$1,833,848	$2,204,006	-0.2%

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

$386,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Trish Hayes	Board Chair	5.00	Officer Director	$0	$0	$0
Josh Jones	Vice Chair	5.00	Officer Director	$0	$0	$0
Madelaine Pfahler	Secretary	5.00	Officer Director	$0	$0	$0
Paul Mayhew	Treasurer	5.00	Officer Director	$0	$0	$0
Fowler Carter	Director	1.00	Director	$0	$0	$0
Matt Davis	Director	1.00	Director	$0	$0	$0
Jen Edwards	Director	1.00	Director	$0	$0	$0
Genna Evans	Director	1.00	Director	$0	$0	$0
Jessica Keiser	Director	1.00	Director	$0	$0	$0
Shannon Lecoq	Director	1.00	Director	$0	$0	$0
Keith Mosing	Director	1.00	Director	$0	$0	$0
Nichole Olajuwon	Director	1.00	Director	$0	$0	$0
Crystal Parker	Director	1.00	Director	$0	$0	$0
Jessica Pinnell	Director	1.00	Director	$0	$0	$0
Renee Raizen	Director	1.00	Director	$0	$0	$0
Yoni Sade	Director	1.00	Director	$0	$0	$0
Kurt Sands	Director	1.00	Director	$0	$0	$0
Lincoln Singleton	Director	1.00	Director	$0	$0	$0
Bob Walker	Director	1.00	Director	$0	$0	$0
Trey Willerson	Director	1.00	Director	$0	$0	$0
Shara Bumgarner	Head of School	40.00	Officer	$239,596	$23,705	$263,301
Sharon Donia	CFO	40.00	Officer	$109,422	$13,610	$123,032
Deborah Kirkland	Development Director	40.00	Highest	$120,772	$12,731	$133,503
Robert Wise	Enrollment Management Director	40.00	Highest	$116,945	$10,911	$127,856
Lara Leigh Bergoon	Assistant Head of School	40.00	Highest	$117,837	$12,630	$130,467
Christine Pratt	Admissions Director	40.00	Highest	$120,870	$12,665	$133,535

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	$11,623,829	$9,789,981	$32,370,856	$1,833,848
2023	$10,990,692	$8,786,686	$33,383,885	$2,204,006
2023	$10,990,692	$8,786,686	$33,383,885	$2,204,006
2022	$12,528,480	$8,235,943	$29,900,841	$4,292,537
2021	$10,897,080	$7,815,429	$25,620,110	$3,081,651
2020	$9,211,666	$7,658,668	$23,372,413	$1,552,998
2019	$7,607,058	$7,067,719	$21,066,351	$539,339

Joy Development School