THE CHANNINGS JOY FOUNDATION INC (EIN 920472699) - 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

LAUREN S FLACK

Phone

9805211508

Tax Period

2024-01-01 to 2024-12-31

THE CHANNINGS JOY FOUNDATION INC, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $397K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $457K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO MAKE GRANTS TO OTHER CHARITABLE ORGANIZATIONS WHICH QUALIFY UNDER 501 (C)(3) OF THE INTERNAL REVENUE CODE. TO MAKE GRANTS DIRECTLY TO FAMILIES WITH CHILDREN WITH SPECIAL NEEDS TO PROVIDE ACCESS TO SERVICES THAT ARE FINANCIALLY RESTRICTIVE OR PROHIBITIVE FOR THE FAMILY. TO SELL MERCHANDISE EDUCATING THE PUBLIC AND PROMOTING INCLUSION FOR CHILDREN WITH SPECIAL NEEDS AND RAISING FUNDS FOR ITS GRANTMAKING ACTIVITIES. TO CONDUCT FUNDRAISING ACTIVITIES TO SPREAD AWARENESS OF THE CHARITY, ITS MISSION, PROMOTE INCLUSION, AND ENCOURAGE ADDITIONAL DONATIONS FROM THE PUBLIC.

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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 $179,816

Program Service Revenue $216,907

Investment Income $231

Other Revenue $201

TOTAL REVENUE $397,155

Expense Breakdown

Grants Paid $297,838

Salaries & Benefits $0

Fundraising Expenses $14,170

Program Expenses $423,786

Other Expenses $145,376

TOTAL EXPENSES $457,384

Year-over-Year Comparison

	2024	2023	Change
Revenue	$397,155	$334,623	+0.2%
Expenses	$457,384	$225,792	+1.0%
Net Income	$-60,229	$108,831	-1.6%

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
ALEXANDRA FLACK	DIRECTOR	N/A	Officer	$0	$0	$0
LAUREN S FLACK	PRESIDENT/DI	N/A	Officer	$0	$0	$0
CHARLES Z FLACK IV	VICE PRESIDE	N/A	Officer	$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	$397,155	$457,384	$71,153	$-60,229
2023	$334,623	$225,792	$128,617	$108,831
2022	$70,451	$50,665	$19,786	$19,786

THE CHANNINGS JOY FOUNDATION INC