QLARANT FOUNDATION INC (EIN 200065799) - 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

2003

Legal Domicile

Principal Officer

RONALD FORSYTHE

Phone

4108220697

Tax Period

2024-07-01 to 2025-06-30

QLARANT FOUNDATION INC, founded in 2003, is a community nonprofit in the Health Care sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.2M, a strong 88% operating margin.

Mission

THE QLARANT FOUNDATION SUPPORTS ACTIVITIES THAT PROMOTE COMMUNITY HEALTH. SEE SCHEDULE O. THE QLARANT FOUNDATION ALSO SUPPORTS ACTIVITES THAT ENHANCE THE QUALITY OF LIFE OF INDIVIDUALS WHO ARE IN DEFINED COMMUNITIES OR MEMBERS OF VULNERABLE POPULATIONS.

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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 $1,687,000

Program Service Revenue $0

Investment Income $835,248

Other Revenue $10,000

TOTAL REVENUE $2,532,248

Expense Breakdown

Grants Paid $2,200

Salaries & Benefits $218,526

Fundraising Expenses $0

Program Expenses $2,200

Other Expenses $94,905

TOTAL EXPENSES $315,631

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,532,248	$2,225,019	+0.1%
Expenses	$315,631	$568,768	-0.4%
Net Income	$2,216,617	$1,656,251	+0.3%

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

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

$1,698,264

Total Directors

$89,915

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA NEAL	CHAIR (THRU 09/24), EXECUTIVE DIRECTOR	40.00	Officer Director	$39,037	$2,672	$52,402
LAMONT THOMPSON	DIRECTOR, CHAIR (BEG 09/24)	3.00	Officer Director	$4,248	$0	$4,248
CHANTE'L BRADY	DIRECTOR	1.00	Director	$3,564	$0	$15,445
MARY B BURGOYNE MD	DIRECTOR	1.50	Director	$3,564	$0	$3,564
BRENDA L CRABBS	SECRETARY	1.00	Officer Director	$3,564	$0	$3,564
MICHAEL FISHER	DIRECTOR	2.00	Director	$3,564	$0	$3,564
NANCY HOLMES	DIRECTOR	7.00	Director	$3,564	$0	$3,564
DIANE MCCOMB	DIRECTOR, VICE CHAIR (BEG 1/25)	3.00	Officer Director	$3,564	$0	$3,564
RONALD FORSYTHE	CEO - QLARANT	1.00	Officer	$0	$96,831	$963,447
JEFFREY WEISS	CFO - QLARANT (THRU 10/24)	1.00	Officer	$0	$39,191	$395,007
CHRISTINE LEISTER	CFO - QLARANT (BEG 10/24)	1.00	Officer	$0	$63,932	$276,032

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	$2,532,248	$315,631	$23,884,563	$2,216,617
2024	$2,225,019	$568,768	$20,679,744	$1,656,251
2023	$1,555,712	$599,408	$17,516,534	$956,304
2022	$652,123	$556,546	$15,573,892	$95,577
2021	$828,599	$583,910	$18,110,279	$244,689
2020	$1,013,258	$447,443	$13,232,892	$565,815
2019	$1,513,604	$506,441	$13,470,773	$1,007,163
2018	$1,834,000	$478,624	$12,560,025	$1,355,376

QLARANT FOUNDATION INC