THE JOSEPH SCHOLARSHIP FOUNDATION INC (EIN 854171307) - 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

2020

Legal Domicile

Principal Officer

MI-EUN CHANG

Phone

9177337387

Tax Period

2025-01-01 to 2025-12-31

THE JOSEPH SCHOLARSHIP FOUNDATION INC, founded in 2020, is a small nonprofit in the Education sector that reported $157K in total revenue in fiscal year 2025. Revenue surged 550% from the prior year, signaling strong growth momentum. The organization ran a surplus of $144K, a strong 92% operating margin.

Mission

THE JOSEPH SCHOLARSHIP FOUNDATION, INC. (THE "CORPORATION"), A CHARITABLE, RELIGIOUS, AND EDUCATIONAL ORGANIZATION WITHIN THE MEANING OF SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE, OPENS DOORS TO HIGHER EDUCATION THROUGH DIRECT ASSISTANCE PROGRAMS FOR STUDENTS AND THROUGH ACTIVE PARTICIPATION IN MANY ASPECTS OF THE TRI-STATE (NY/NJ/CT) METRO AREA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $62,000

Program Service Revenue $0

Investment Income $94,860

Other Revenue $0

TOTAL REVENUE $156,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,050

Other Expenses $13,149

TOTAL EXPENSES $13,149

Year-over-Year Comparison

	2025	2024	Change
Revenue	$156,860	$24,130	+5.5%
Expenses	$13,149	$30,387	-0.6%
Net Income	$143,711	$-6,257	-24.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MI-EUN CHANG	PRESIDENT	N/A	Officer Director	$0	$0	$0
KI TAE CHUNG	TREASURER	N/A	Officer Director	$0	$0	$0
STEPHEN UM	SECRETARY	N/A	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
2025	$156,860	$13,149	$709,358	$143,711
2024	$24,130	$30,387	$565,647	$-6,257
2023	$86,551	$29,807	$580,649	$56,744
2022	$18,202	$34,025	$523,905	$-15,823
2021	$548,582	$8,854	$539,728	$539,728

THE JOSEPH SCHOLARSHIP FOUNDATION INC