JOURNEY THROUGH LIFE FOUNDATION IN… - Form 990 Financial Data

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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

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

TO BENEFIT THE COMMUNITY BY PROVIDING BACKPACKS, SCHOOL SUPPLIES, CLOTHING AND OTHER ESSENTIAL ITEMS NEEDED IN THE COMMUNITY SERVED AND FOR MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT ARE EXEMPT AND SUPPORT THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

THE NONPROFIT WAS ABLE TO SECURE A LARGE DONATION IN 2023 AFTER A DELAYED START DUE TO THE COVID PANDEMIC. THIS DONATION WILL BE USED IN CARRYING OUT THE MISSION OF THE NONPROFIT WHICH IS TO BENEFIT THE COMMUNITY BY PROVIDING BACKPACKS, SCHOOL SUPPLIES, CLOTHING AND OTHER ESSENTIAL ITEMS NEEDED IN THE COMMUNITY SERVED AND FOR MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT ARE EXEMPT AND SUPPORT THE COMMUNITY. ADDITIONALLY, THANKSGIVING FOOD BASKETS, CHRISTMAS TOYS AND SUMMER CAMP PROGRAMS WILL BE PROVIDED TO THE COMMUNITY. APPROXIMATELY 1,000 FAMILIES HAVE BEEN HELPED.

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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 $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

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
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

JOURNEY THROUGH LIFE FOUNDATION INCORPORATED