HARRIET JOYCE FOUNDATION C/O STERLING FOUNDATION MANAGEMENT LLC (EIN 932784944) - 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

2023

Legal Domicile

Principal Officer

JEFFREY S HIMMEL

Phone

7034379720

Tax Period

2025-01-01 to 2025-12-31

HARRIET JOYCE FOUNDATION C/O STERLING FOUNDATION MANAGEMENT LLC, founded in 2023, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $320K in total revenue in fiscal year 2025. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 316% operating deficit.

Mission

THE ORGANIZATION WAS CREATED TO ASSIST OTHER ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) AND SECTION 509(A)(1) OR SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION WILL ACCOMPLISH ITS GOALS BY PROVIDING GRANTS TO OTHER NONPROFIT ORGANIZATIONS AS DETERMINED BY ITS BOARD OF DIRECTORS.

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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 $0

Program Service Revenue $0

Investment Income $319,715

Other Revenue $0

TOTAL REVENUE $319,715

Expense Breakdown

Grants Paid $581,287

Salaries & Benefits $188,807

Fundraising Expenses $0

Program Expenses $1,256,386

Other Expenses $559,367

TOTAL EXPENSES $1,329,461

Year-over-Year Comparison

	2025	2024	Change
Revenue	$319,715	$10,157,286	-1.0%
Expenses	$1,329,461	$1,169,204	+0.1%
Net Income	$-1,009,746	$8,988,082	-1.1%

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

$175,000

Total Directors

$175,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY S HIMMEL	PRESIDENT/SECRETARY/TREASURER	40.00	Officer Director	$175,000	$0	$175,000
GIOVANNI T KOTORIY	ASST. SECRETARY	5.00	Officer Director	$0	$0	$0
TIMOTHY J KIM	ASST. TREASURER	5.00	Officer Director	$0	$0	$0
PATRICIA ANTON	VICE PRESIDENT	5.00	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
2025	$319,715	$1,329,461	$7,962,474	$-1,009,746
2024	$10,157,286	$1,169,204	$8,971,696	$8,988,082
2023	$195	$22,949	$4,685	$-22,754

HARRIET JOYCE FOUNDATION C/O STERLING FOUNDATION MANAGEMENT LLC