Qualtex Laboratories

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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

2007

Legal Domicile

Phone

2107579505

Tax Period

2023-01-01 to 2023-12-31

Qualtex Laboratories, founded in 2007, is a major nonprofit in the Health Care sector that reported $129.4M in total revenue in fiscal year 2023. Expenses of $111.6M left a modest 14% surplus.

Mission

QUALTEX LABORATORIES IS DEDICATED TO SUPPORTING GLOBAL PUBLIC SAFETY WITH THE TIMELY DELIVERY OF HIGH-QUALITY TESTING SERVICES FOR PATIENTS, DONORS, AND REGULATED BIOLOGICAL PRODUCTS.

Program Service Accomplishments

Program 1

Expenses: $97,405,138 Revenue: $129,431,716

QUALTEX LABORATORIES, A SUBSIDIARY OF BIOBRIDGE GLOBAL, IS FOCUSED ON SUPPORTING GLOBAL PUBLIC SAFETY AT ITS TEXAS AND GEORGIA LOCATIONS BY PROVIDING ADVANCED BIOLOGIC TESTING SERVICES FOR WHOLE...

QUALTEX LABORATORIES, A SUBSIDIARY OF BIOBRIDGE GLOBAL, IS FOCUSED ON SUPPORTING GLOBAL PUBLIC SAFETY AT ITS TEXAS AND GEORGIA LOCATIONS BY PROVIDING ADVANCED BIOLOGIC TESTING SERVICES FOR WHOLE BLOOD AND PLASMA AS WELL AS FOR OTHER HUMAN CELLS, TISSUE AND CELLULAR- AND TISSUE-BASED PRODUCTS.

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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 $0

Program Service Revenue $127,410,970

Investment Income $18

Other Revenue $2,020,746

TOTAL REVENUE $129,431,734

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $12,954,714

Fundraising Expenses $0

Program Expenses $97,405,138

Other Expenses $98,671,420

TOTAL EXPENSES $111,646,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$129,431,734	$127,110,342	+0.0%
Expenses	$111,646,134	$119,273,306	-0.1%
Net Income	$17,785,600	$7,837,036	+1.3%

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

N/A

Employees

144

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

$434,062

Total Directors

Key Employees

$226,562

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	SOLE MEMBER	1.0		$0	$0	$0
N/A	COO	49.0	Officer	$401,925	$32,137	$434,062
N/A	EXECUTIVE DIRECTOR, LABORATORY SERVICES	50.0	Key Emp	$202,089	$24,473	$226,562
N/A	SR. DIRECTOR, QUALTEX CUST OPS (effective 11/05/23)	50.0	Highest	$18,924	$19,138	$185,742
N/A	DIRECTOR, CUSTOMER OPS	50.0	Highest	$171,848	$16,990	$188,838
N/A	VP, Operational Support (through 01/29/23)	50.0	Highest	$47,671	$42,073	$301,303
N/A	VICE PRESIDENT, SALES	50.0	Highest	$261,603	$37,148	$298,751
N/A	MANAGER, INSIDE SALES	50.0	Highest	$215,861	$33,706	$249,567

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	$129,431,734	$111,646,134	$92,500,826	$17,785,600
2022	$127,110,342	$119,273,306	$83,822,767	$7,837,036
2021	$123,906,915	$122,688,808	$74,789,123	$1,218,107
2020	$107,676,474	$109,968,479	$82,146,014	$-2,292,005
2019	$140,908,903	$138,991,509	$88,378,942	$1,917,394
2018	$130,131,643	$128,827,119	$71,723,215	$1,304,524