JOY ENGINE INC (EIN 834487295) - 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

2019

Legal Domicile

Principal Officer

DOUG MCDONALD

Phone

4142149998

Tax Period

2024-01-01 to 2024-12-31

JOY ENGINE INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $181K in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum. Expenses of $404K exceeded revenue, resulting in a 123% operating deficit.

Mission

JOY ENGINE, INC. SUPPORTS PUBLIC ART, MUSIC AND PERFORMANCE THAT INSPIRES, EDUCATES AND ENHANCES THE WELL-BEING OF OUR MILWAUKEE COMMUNITIES.

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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 $170,042

Program Service Revenue $0

Investment Income $11,220

Other Revenue $0

TOTAL REVENUE $181,262

Expense Breakdown

Grants Paid $132,297

Salaries & Benefits $107,999

Fundraising Expenses $5,634

Program Expenses $329,184

Other Expenses $163,954

TOTAL EXPENSES $404,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$181,262	$83,962	+1.2%
Expenses	$404,250	$530,562	-0.2%
Net Income	$-222,988	$-446,600	-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

N/A

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

$87,550

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG MCDONALD	PRESIDENT	4.00	Officer Director	$0	$0	$0
MONIQUE CHARLIER	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
MARGARET CZAPLEWSKI	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JOHN BLUST	BOARD MEMBER	1.00	Director	$0	$0	$0
JACOBO LOVO	BOARD MEMBER	1.00	Director	$0	$0	$0
JOANNA BAUTCH	BOARD MEMBER	1.00	Director	$0	$0	$0
HOLLY POTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE SALVIA	EXECUTIVE DIRECTOR	40.00	Officer	$84,924	$2,626	$87,550

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	$181,262	$404,250	$2,022,162	$-222,988
2023	$83,962	$530,562	$2,244,657	$-446,600
2022	$2,870,459	$272,388	$2,702,362	$2,598,071
2021	$660,563	$670,923	$171,697	$-10,360
2020	$825,216	$778,366	$84,521	$46,850

JOY ENGINE INC