QHS 1 INC (EIN 202636686) - 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

2005

Legal Domicile

Principal Officer

CATHERINE JACOBSON

Phone

4148053000

Tax Period

2022-07-01 to 2023-06-30

QHS 1 INC, founded in 2005, is a small nonprofit in the Medical Research sector that reported $393K in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $392K, a strong 100% operating margin.

Mission

TO HOLD AND MANAGE OWNERSHIP INTERESTS IN HEALTH CARE RELATED ORGANIZATIONS, IN SUPPORT OF THE HEALTH CARE ACTIVITIES OF THE FROEDTERT HEALTH, INC. HEALTHCARE SYSTEM.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $393,040

Investment Income $0

Other Revenue $0

TOTAL REVENUE $393,040

Expense Breakdown

Grants Paid $805

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $805

Other Expenses $557

TOTAL EXPENSES $1,362

Year-over-Year Comparison

	2022	2021	Change
Revenue	$393,040	$614,474	-0.4%
Expenses	$1,362	$1,192	+0.1%
Net Income	$391,678	$613,282	-0.4%

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

N/A

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

$5,869,392

Total Directors

$5,869,392

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACOBSON CATHERINE	DIRECTOR & PRESIDENT	1.00	Officer Director	$0	$441,556	$3,877,368
HAWIG SCOTT	DIRECTOR & TREASURER	1.00	Officer Director	$0	$240,154	$1,992,024
VAN DE KREEKE JEFFREY	FORMER - OFFICER (SECR)	0.00		$0	$28,202	$573,274

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$393,040	$1,362	$226,952	$391,678
2022	$614,474	$1,192	$-164,724	$613,282
2021	$1,871,029	$1,538	$3,820,570	$1,869,491
2020	$331,275	$1,388	$1,951,079	$329,887
2019	$332,877	$1,774	$1,621,192	$331,103
2018	$309,572	$1,560	$1,290,089	$308,012

QHS 1 INC