QUALITATIVE RESEARCH CONSULTANTS ASSOCIATION INC

EIN: 133189168

MINNEAPOLIS, MN

Total Revenue
$711,746
Total Expenses
$799,612
Total Assets
$721,397
Net Assets
$250,437
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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
1983
Legal Domicile
NY
Principal Officer
LAUREN ISAACSON
Phone
6512907491
Tax Period
2023-01-01 to 2023-12-31

QUALITATIVE RESEARCH CONSULTANTS ASSOCIATION INC, founded in 1983, is a small nonprofit that reported $712K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $800K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO ADVANCE THE DISCIPLINE OF QUALITATIVE RESEARCH WORLDWIDE

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $686,118
Investment Income $13,095
Other Revenue $12,533
TOTAL REVENUE $711,746

Expense Breakdown

Grants Paid $500
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $799,112
TOTAL EXPENSES $799,612

Year-over-Year Comparison

2023 2022 Change
Revenue $711,746 $524,277 +0.4%
Expenses $799,612 $633,091 +0.3%
Net Income $-87,866 $-108,814 -0.2%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
45

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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MERMELSTEIN President 2.50
Officer Director
$0 $0 $0
LAUREN ISAACSON Vice President 2.50
Officer Director
$0 $0 $0
JEFF HECKER Treasurer 2.50
Officer Director
$0 $0 $0
SUSAN FADER Treasurer 2.50
Officer Director
$0 $0 $0
BOB TAYLOR Director 1.00
Director
$0 $0 $0
NATALIA INFANTE CAYLOR Director 1.00
Director
$0 $0 $0
COLLEEN WELSH-ALLEN Director 1.00
Director
$0 $0 $0
CYNTHIA HARRIS Director 1.00
Director
$0 $0 $0
ELIZABETH MCKINELY Director 1.00
Director
$0 $0 $0
PETER BLACK Executive Dir. 25.00
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
2024 No data No data No data No data
2023 $711,746 $799,612 $721,397 $-87,866
2022 $524,277 $633,091 $690,081 $-108,814
2021 $367,632 $443,833 $907,200 $-76,201
2020 $741,825 $719,674 $878,824 $22,151
2019 $646,408 $593,997 $1,111,686 $52,411
2018 $784,998 $803,734 $886,362 $-18,736
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