QUALITY INDEPENDENT LIVING CORP INC (EIN 222846727) - 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

1987

Legal Domicile

Principal Officer

JOSEPH S CARUSO

Phone

8565595000

Tax Period

2023-09-01 to 2024-08-31

QUALITY INDEPENDENT LIVING CORP INC, founded in 1987, is a small nonprofit that reported $367K in total revenue in fiscal year 2023.

Mission

TO ASSIST INDIVIDUALS AND THEIR FAMILIES IN OVERCOMING PHYSICAL, SOCIAL, AND ECONOMIC BARRIERS SO THEY CAN PARTICIPATE IN THEIR COMMUNITIES WITH EQUALITY, DIGNITY, AND INDEPENDENCE BY PROVIDING HOUSING SERVICES FOR DISABLED ADULTS.

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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 $308,280

Program Service Revenue $58,392

Investment Income $16

Other Revenue $105

TOTAL REVENUE $366,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,410

Fundraising Expenses $0

Program Expenses $299,093

Other Expenses $270,795

TOTAL EXPENSES $356,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$366,793	$362,103	+0.0%
Expenses	$356,205	$348,033	+0.0%
Net Income	$10,588	$14,070	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH S CARUSO	TRUSTEE/EXECUTIVE DIRECTOR	10.00	Officer Director	$0	$0	$0
SANTO CARUSO	TRUSTEE	1.00	Director	$0	$0	$0
NANCY ANNE CARUSO	TRUSTEE	1.00	Director	$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	$366,793	$356,205	$182,601	$10,588
2023	$362,103	$348,033	$207,304	$14,070
2022	$333,566	$338,670	$258,080	$-5,104
2021	$326,667	$340,435	$293,945	$-13,768
2020	$330,080	$365,916	$328,227	$-35,836
2019	$328,852	$360,959	$359,720	$-32,107

QUALITY INDEPENDENT LIVING CORP INC