JOURNEY THROUGH LIFE FOUNDATION INCORPORATED

EIN: 844892704 501(c)(3) Youth Development

HOUSTON, TX

Total Revenue
$402,000
Total Expenses
$2,000
Total Assets
$400,000
Net Assets
$400,000
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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
2020
Legal Domicile
TX
Principal Officer
FRANK WILLIAMS
Phone
8324314246
Tax Period
2023-01-01 to 2023-12-31

JOURNEY THROUGH LIFE FOUNDATION INCORPORATED, founded in 2020, is a small nonprofit in the Youth Development sector that reported $402K in total revenue in fiscal year 2023. The organization ran a surplus of $400K, a strong 100% operating margin.

Mission

PROVIDE GENERAL SUPPORT TO THE COMMUNITY BY DONATING BACKPACKS, SCHOOL SUPPLIES, CLOTHING AND OTHER ESSENTIAL ITEMS NEEDED THROUGHOUT THE COMMUNITY SERVED OR DONATE TO EXEMPT ORGANIZATIONS THAT WILL ALSO SERVE THE COMMUNITY.

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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 $402,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $402,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,000
TOTAL EXPENSES $2,000

Year-over-Year Comparison

2023 2022 Change
Revenue $402,000 N/A N/A
Expenses $2,000 N/A N/A
Net Income $400,000 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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK WILLIAMS DIRECTOR 1.00
Officer Director
$0 $0 $0
MARIE LAURENT DIRECTOR 1.00
Officer Director
$0 $0 $0
NADINE LAURENT DIRECTOR 1.00
Officer 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
2023 $402,000 $2,000 $400,000 $400,000
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