Joy Development School

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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

2024-08-01 to 2025-07-31

Joy Development School, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $11.2M in total revenue in fiscal year 2024. Expenses of $10.3M left a modest 8% surplus.

Mission

The Joy School prepares students with learning differences to return to traditional classroom settings by enabling them to reach their social and academic potential in a safe, supportive environment.

Program Service Accomplishments

Program 1

Expenses: $8,339,997 Revenue: $9,157,924

The Joy Development School offers developmentally appropriate and individualized education for children with significant learning disabilities and who are 1-3 years behind their peers academically...

The Joy Development School offers developmentally appropriate and individualized education for children with significant learning disabilities and who are 1-3 years behind their peers academically. The learning disabilities include speech and language developmental delays, dyslexia, ADD/ADHD, and auditory processing disorders. The Joy School's goal is to bring these children back up to grade level so that when it is appropriate, they can return to mainstream education.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,859,552

Program Service Revenue $9,157,924

Investment Income $194,230

Other Revenue $1,996

TOTAL REVENUE $11,213,702

Expense Breakdown

Grants Paid $1,222,538

Salaries & Benefits $6,638,793

Fundraising Expenses $528,656

Program Expenses $8,339,997

Other Expenses $2,470,267

TOTAL EXPENSES $10,331,598

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,213,702	$11,623,829	0.0%
Expenses	$10,331,598	$9,789,981	+0.1%
Net Income	$882,104	$1,833,848	-0.5%

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

$414,990

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	1.00	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
Jimmy Moffett	Director	1.00	Director	$0	$0	$0
Keith Mosing	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
James Thompson	Director	1.00	Director	$0	$0	$0
Robert 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	$245,736	$27,346	$273,082
Sharon Donia	Dir of Fin & Acct (thru 08/24)	40.00	Officer	$68,812	$8,689	$77,501
Abbie Gittinger	Dir of Fin & Acct (as of 08/24)	40.00	Officer	$59,900	$4,507	$64,407
Lara Leigh Bergoon	Assistant Head of School	40.00	Highest	$121,773	$13,473	$135,246
Deborah Kirkland	Development Director	40.00	Highest	$123,686	$14,058	$137,744
Christine Pratt	Admissions Director	40.00	Highest	$125,058	$13,608	$138,666
Rachel Williams	Dean of Faculty	40.00	Highest	$103,639	$10,121	$113,760
Robert Wise	Director of Strategic Initiatives	40.00	Highest	$120,842	$12,562	$133,404

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
2025	$11,213,702	$10,331,598	$32,265,821	$882,104
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