TEAM JOSEPH INC

EIN: 800613664 501(c)(3) Human Services

WEST BLOOMFIELD, MI

Total Revenue
$1,632,088
Total Expenses
$1,138,805
Total Assets
$1,819,066
Net Assets
$1,762,764
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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
2010
Legal Domicile
MI
Principal Officer
MARISSA PENROD
Phone
2483300430
Tax Period
2023-01-01 to 2023-12-31

TEAM JOSEPH INC, founded in 2010, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $493K, a strong 30% operating margin.

Mission

OUR PRIMARY MISSION INCLUDES FUNDING RESEARCH TO FIND A CURE OR TREATMENT FOR DUCHENNE MUSCULAR DYSTROPHY. WE ARE COMMITTED TO SAVING THIS GENERATION OF CHILDREN. WHEN WE WORK SMART, LEVERAGE EACH DOLLAR AND WORK IN CLOSE PARTNERSHIP WITH SCIENTISTS AND RESEARCH COMPANIES, THERE IS THE PROMISE FOR AN END TO DUCHENNE. WE ARE PROUD THAT 2 PROJECTS WE'VE SUPPORTED IN EARLY STAGES ARE NOW IN CLINCIAL TRIAL, AND ONE IS UNDER REVIEW FOR FDA APPROVAL. IN THE MEANTIME, WHILE WE FIGHT FOR THE FUTURE FOR THESE BOYS, WE ARE COMMITTED TO BEING THERE FOR THEM AND HELPING FAMILIES RIGHT NOW IN THE PRESENT MOMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,652,121
Program Service Revenue $0
Investment Income $11,347
Other Revenue $-31,380
TOTAL REVENUE $1,632,088

Expense Breakdown

Grants Paid $0
Salaries & Benefits $470,073
Fundraising Expenses $206,296
Program Expenses $857,130
Other Expenses $668,732
TOTAL EXPENSES $1,138,805

Year-over-Year Comparison

2023 2022 Change
Revenue $1,632,088 $1,124,356 +0.5%
Expenses $1,138,805 $928,208 +0.2%
Net Income $493,283 $196,148 +1.5%
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

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Governance

Voting Members
6
Independent Members
5
Employees
4
Volunteers
8

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
4
$141,600
Total Directors
6
$141,600
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARISSA PENROD FOUNDER & CEO 40.00
Officer Director
$141,600 $0 $141,600
HARRY PACKMAN PRESIDENT 2.00
Officer Director
$0 $0 $0
MATT RILEY SECRETARY 2.00
Officer Director
$0 $0 $0
DINA KENKEL DIRECTOR 2.00
Director
$0 $0 $0
PAT FUELLING TREASURER 2.00
Officer Director
$0 $0 $0
LYNDA SNAGE DIRECTOR 2.00
Director
$0 $0 $0
JORDAN MONTANINO DIRECTOR OF DEVELOPMENT 40.00
Highest
$106,333 $0 $106,333
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 $1,632,088 $1,138,805 $1,819,066 $493,283
2022 $1,124,356 $928,208 $1,307,590 $196,148
2021 $881,756 $737,899 $1,076,489 $143,857
2020 $899,475 $919,686 $941,938 $-20,211
2019 $825,589 $790,119 $988,256 $35,470
2018 $626,307 $748,149 $932,896 $-121,842
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