Joyful Light Youth Theater

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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

2018

Legal Domicile

Principal Officer

Kelli Park

Phone

3033287932

Tax Period

2023-01-01 to 2023-12-31

Joyful Light Youth Theater, founded in 2018, is a small nonprofit in the Youth Development sector that reported $206K in total revenue in fiscal year 2023. Expenses of $267K exceeded revenue, resulting in a 30% operating deficit.

Mission

Joyful Light Youth Theater exists to use theater to discover and develop childrens God-given gifts to make a joyful noise and bring God glory both on and off the stage all while remaining committed to our vision statement. Joyful Light is a nonprofit Christian youth theater organization serving kids grades 1st-12th in the south Denver area. Our vision at Joyful Light is first to share Biblical truth with kids in worship Word and prayer and then to teach and engage in theater.

Program Service Accomplishments

Program 1

Expenses: $267,168 Revenue: $205,753

Provide and operate a Christian youth theater program engaging in the production of theater plays and musicals by children in 1st through 12th grade.

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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 $0

Program Service Revenue $205,753

Investment Income $0

Other Revenue $0

TOTAL REVENUE $205,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $267,168

Other Expenses $267,168

TOTAL EXPENSES $267,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,753	N/A	N/A
Expenses	$267,168	N/A	N/A
Net Income	$-61,415	N/A	N/A

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

N/A

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
Kelli Park	Creative Director	40.00	Director	$0	$0	$0
Bryan Park	Executive Director	10.00	Director	$0	$0	$0
Bill Matson	Director of Spiritual Development	15.00	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	No data	No data	No data	No data
2023	$205,753	$267,168	$75,839	$-61,415