JOYRIDE CARS INC (EIN 824412538) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

BLAIR CORNELL

Phone

9372196326

Tax Period

2024-01-01 to 2024-12-31

JOYRIDE CARS INC, founded in 2018, is a micro nonprofit in the Human Services sector that reported $78K in total revenue in fiscal year 2024. Revenue surged 331% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 61% operating margin.

Mission

JOYRIDE, A CAR CLUB EXCLUSIVELY FOR KIDS WITH SPECIAL NEEDS, PROVIDES EVENTS FOR ITS MEMBERS AND FAMILY AS A WAY TO MAKE NEW FRIENDS, NETWORK AND BUILD A SENSE OF BELONGING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $89,230

Program Service Revenue $0

Investment Income $0

Other Revenue $-10,976

TOTAL REVENUE $78,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,188

Other Expenses $30,407

TOTAL EXPENSES $30,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,254	$18,164	+3.3%
Expenses	$30,407	$44,540	-0.3%
Net Income	$47,847	$-26,376	-2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

100

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
BLAIR CORNELL	PRESIDENT	20.00	Officer Director	$0	$0	$0
KATHERINE CORNELL	TREASURER	5.00	Officer Director	$0	$0	$0
JESSICA FRYE	BOARD MEMBER	0.10	Director	$0	$0	$0
TIM CORNELL	BOARD MEMBER	0.10	Director	$0	$0	$0
JORDAN FRYE	SECRETARY	5.00	Officer Director	$0	$0	$0
MATTHEW HOPES	BOARD MEMBER	0.10	Director	$0	$0	$0
MELISSA O'CULL	BOARD MEMBER	0.10	Director	$0	$0	$0
JOHN REAGAN	BOARD MEMBER	0.10	Director	$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	$78,254	$30,407	$69,358	$47,847
2023	$18,164	$44,540	$21,511	$-26,376
2022	$75,326	$49,104	$47,887	$26,222
2021	$56,756	$71,476	$21,665	$-14,720
2020	$41,086	$11,840	$36,385	$29,246
2019	$101,003	$98,304	$7,139	$2,699
2018	$42,265	$37,826	$4,439	$4,439

JOYRIDE CARS INC