THE QUILT INC (EIN 030444166) - 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

2000

Legal Domicile

Principal Officer

JENNIFER LEASURE

Phone

2064033188

Tax Period

2023-01-01 to 2023-12-31

THE QUILT INC, founded in 2000, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Expenses of $941K left a modest 9% surplus.

Mission

THE QUILT IS THE NATIONAL COALITION OF NON-PROFIT U.S. REGIONAL RESEARCH AND EDUCATION NETWORKS REPRESENTING 43 NETWORKS ACROSS THE COUNTRY.

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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 $74,487

Program Service Revenue $928,343

Investment Income $26,112

Other Revenue $0

TOTAL REVENUE $1,028,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $432,217

Fundraising Expenses $0

Program Expenses $783,981

Other Expenses $509,203

TOTAL EXPENSES $941,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,028,942	$984,446	+0.0%
Expenses	$941,420	$983,075	0.0%
Net Income	$87,522	$1,371	+62.8%

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

$218,021

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK MASSETH	CHAIR	1.00	Officer Director	$0	$0	$0
ELON TURNER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RYAN KOCSONDY	SECRETARY	1.00	Officer Director	$0	$0	$0
LONNIE LEGER	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE CORBATO	DIRECTOR	1.00	Director	$0	$0	$0
PANKAJ SHAH	DIRECTOR	1.00	Director	$0	$0	$0
JERRY WALDRON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS CROOK	DIRECTOR	1.00	Director	$0	$0	$0
CHIP BYERS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN PIETREWICZ	DIRECTOR	1.00	Director	$0	$0	$0
SAM CONN	DIRECTOR	1.00	Director	$0	$0	$0
CAS D'ANGELO	DIRECTOR	1.00	Director	$0	$0	$0
TRACY DOAKS	DIRECTOR	1.00	Director	$0	$0	$0
MICKEY SLIMP	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN FLOOD	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS FOX	DIRECTOR	1.00	Director	$0	$0	$0
DOYLE FRISKNEY	DIRECTOR	1.00	Director	$0	$0	$0
KEN GOODWIN	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS HAMMOND	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LEE	DIRECTOR	1.00	Director	$0	$0	$0
DAVE JENT	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE CASARES	DIRECTOR	1.00	Director	$0	$0	$0
KERRY MOBLEY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LETOURNEAU	DIRECTOR	1.00	Director	$0	$0	$0
JOE MAMBRETTI	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MARBLE	DIRECTOR	1.00	Director	$0	$0	$0
ANDY BINDER	DIRECTOR	1.00	Director	$0	$0	$0
MARLA MEEHL	DIRECTOR	1.00	Director	$0	$0	$0
AMY PHILIPSON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WHITE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN REMER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HENNESSEY	DIRECTOR	1.00	Director	$0	$0	$0
ROGER BLAKE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
MARK SILIS	DIRECTOR	1.00	Director	$0	$0	$0
TRIPTI SINHA	DIRECTOR	1.00	Director	$0	$0	$0
JIM STEWART	DIRECTOR	1.00	Director	$0	$0	$0
JON ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN WOODSOME	DIRECTOR	1.00	Director	$0	$0	$0
SCOTTY STRACHAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER LEASURE	PRESIDENT	45.00	Officer	$218,021	$0	$218,021
JENNIFER GRIFFIN	PROGRAM DIRECTOR	45.00	Highest	$109,266	$0	$109,266

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	No data	No data	No data	No data
2023	$1,028,942	$941,420	$1,298,606	$87,522
2022	$984,446	$983,075	$1,234,212	$1,371
2021	$814,176	$692,719	$1,217,717	$121,457
2020	$806,036	$618,024	$1,084,568	$188,012
2019	$896,933	$734,551	$909,562	$162,382
2018	$778,855	$740,547	$753,234	$38,308

THE QUILT INC