Formidable Joy (EIN 822477103) - 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

2017

Legal Domicile

Principal Officer

Cynthia H Rood

Phone

3233334718

Tax Period

2023-01-01 to 2023-12-31

Formidable Joy, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $285K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $246K left a modest 14% surplus.

Mission

Provide access to clean water in Malawi, Africa - accomplished by drilling boreholes, repairing pumps,installing solar systems for drinking and irrigation, provide training, menstrual hygiene education, distribution of essential supplies (i.e. soap, buckets, etc) and disaster relief.

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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 $284,752

Program Service Revenue $0

Investment Income $49

Other Revenue $0

TOTAL REVENUE $284,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $240,199

Other Expenses $245,630

TOTAL EXPENSES $245,630

Year-over-Year Comparison

	2023	2022	Change
Revenue	$284,801	$210,720	+0.4%
Expenses	$245,630	$220,380	+0.1%
Net Income	$39,171	$-9,660	-5.1%

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

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
Cynthia Harnist Rood	Executive Director	50.00	Officer Director	$0	$0	$0
Bonnie Darrow	Treasurer	1.00	Officer	$0	$0	$0
Sapna Abrol	Secretary	1.00	Officer	$0	$0	$0
Lisa Vebber	Board Member	1.00		$0	$0	$0
Amy Robinson	Board Member	1.00		$0	$0	$0
Chiletso Msang-azi	Board Member	1.00		$0	$0	$0
Tikhala Itaye	Board Member	1.00		$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
2023	$284,801	$245,630	$192,314	$39,171
2022	$210,720	$220,380	$152,173	$-9,660
2021	$217,580	$277,102	$178,047	$-59,522
2020	$253,040	$115,295	$242,259	$137,745

Formidable Joy