Rejoice Music (EIN 880792062) - 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

2022

Legal Domicile

Principal Officer

Dennis Virkler

Tax Period

2024-01-01 to 2024-12-31

Rejoice Music, founded in 2022, is a small nonprofit in the Religion sector that reported $227K in total revenue in fiscal year 2024. The organization ran a surplus of $73K, a strong 32% operating margin.

Mission

Provide traditional gospel music to listeners via multiple audio platforms.

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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 $201,964

Program Service Revenue $25,046

Investment Income $0

Other Revenue $0

TOTAL REVENUE $227,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,207

Fundraising Expenses $0

Program Expenses $137,180

Other Expenses $148,672

TOTAL EXPENSES $153,879

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,010	N/A	N/A
Expenses	$153,879	N/A	N/A
Net Income	$73,131	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

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
Dennis Virkler	President	2.00	Officer Director	$0	$0	$0
Jonathan Virkler	Treasurer	0.00	Officer Director	$0	$0	$0
Jeremy Stickling	Vice President	0.00	Officer Director	$0	$0	$0
Brad Wiegand	Secretary	0.00	Officer Director	$0	$0	$0
Frederick Manz	Director	0.00	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	$227,010	$153,879	$156,461	$73,131

Rejoice Music