QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS

EIN: 237360214 501(c)(3) Philanthropy & Grantmaking

DALLAS, TX

Total Revenue
$728,640
Total Expenses
$594,004
Total Assets
$239,767
Net Assets
$234,978
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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
TX
Phone
2147466720
Tax Period
2023-01-01 to 2023-12-31

QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS, founded in 1969, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $729K in total revenue in fiscal year 2023. The organization ran a surplus of $135K, a strong 18% operating margin.

Mission

THE EXCLUSIVE PURPOSE OF THE CORPORATION IS TO PROMOTE THE PUBLIC INTEREST AND WELFARE OF THE GREATER DALLAS METROPOLITAN AREA AND TO FUNCTION TO THAT END AS AN EDUCATIONAL ORGANIZATION DEVOTING ITSELF TO THE BETTERMENT AND WELFARE OF THE GREATER DALLAS METROPOLITAN AREA AND ITS CITIZENS AS FOLLOWS: 1. TO SEEK METHODS OF IMPROVING THE CULTURAL, SOCIAL AND EDUCATIONAL ASPECTS OF THE LIFE STYLE OF THE PEOPLE RESIDING IN THE GREATER DALLAS METROPOLITAN AREA; 2. TO INQUIRE INTO THE CAUSES OF THE FAILURE OF THE INDIVIDUALS WHO RESIDE IN THE GREATER DALLAS METROPOLITAN AREA TO REACH THEIR FULL HUMAN POTENTIAL AND TO EDUCATE THEM TO DO SO; 3. TO GATHER AND TO DISSEMINATE INFORMATION WHICH CONTRIBUTES TO THE BROADENING AND THE ENABLING OF THE HUMAN EXPERIENCE; 4. TO MOTIVATE AND GUIDE EXISTING INSTITUTIONS, ORGANIZATIONS AND AGENCIES, AS WELL AS INDIVIDUALS, IN THE EFFORT TO IMPROVE THE LIVES OF THE PEOPLE IN THE GREATER DALLAS METROPOLITAN AREA; 5. TO DO ALL THINGS NECESSARY AND HELPFUL TO IMPROVE AND ENRICH THE QUALITY OF LIFE IN THE GREATER DALLAS METROPOLITAN AREA.

Program Service Accomplishments

Program 1
Expenses: $490,000

QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS PROVIDED GRANTS FOR NUMEROUS PROGRAMS IN THE AREAS OF EDUCATION & WORKFORCE, LEADERSHIP, COMMUNITY ENGAGEMENT AND OTHER AREAS WHICH BENEFITTED THE...

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QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS PROVIDED GRANTS FOR NUMEROUS PROGRAMS IN THE AREAS OF EDUCATION & WORKFORCE, LEADERSHIP, COMMUNITY ENGAGEMENT AND OTHER AREAS WHICH BENEFITTED THE REGION'S BUSINESS'S AND ECONOMICALLY DISTRESSED COMMUNITIES.

Program 2
Expenses: $65,855 Revenue: $51,515

QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS (QOL) RECOGNIZED $51,515 OF THE REVENUE RELATED TO A PAYMENT RECEIVED FROM EDUCATION STRATEGY GROUP SO THAT QOL COULD INCORPORATE BEST PRACTICES AND...

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QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS (QOL) RECOGNIZED $51,515 OF THE REVENUE RELATED TO A PAYMENT RECEIVED FROM EDUCATION STRATEGY GROUP SO THAT QOL COULD INCORPORATE BEST PRACTICES AND EVIDENCE-BASED TOOLS INTO THEIR CURRENT CAREER PATHWAYS WORK TO EXPAND AND ACTIVATE HIGH SCHOOL STUDENT NETWORKS.

Program 3
Expenses: $17,825 Revenue: $0

LEADERSHIP DALLAS CLASS PROJECTS ARE SERVICE PROJECTS THAT ARE ORGANIZED, COORDINATED, FUNDRAISED AND EXECUTED BY THE LEADERSHIP DALLAS COHORTS. THE COHORTS INCLUDES A RANGE OF PROFESSIONAL...

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LEADERSHIP DALLAS CLASS PROJECTS ARE SERVICE PROJECTS THAT ARE ORGANIZED, COORDINATED, FUNDRAISED AND EXECUTED BY THE LEADERSHIP DALLAS COHORTS. THE COHORTS INCLUDES A RANGE OF PROFESSIONAL EXPERTISE, INCLUDING OPERATIONS, TECHOLOGY, LEGAL, AND CONSULTING ACROSS A RANGE OF DIVERSE INDUSTRIES. DURING 2023 THE GROUP CLASSES: 1) Developed, executed a consulting plan for Bonton Farms including over 2500 volunteer hours and securing two national partners to continue the work beyond the project. The information generated will be useful to multiple non-profits in the region. 2) Worked with the Dallas 911 Call Center Operations, including over 250 volunteer hours, working with the 911 Call Center team and partners to improve the information and processes used to communicate and educate the residents, including children, and businesses in the Dallas Region about the needs and ways to utilize the 911 Call Center in an emergency or non-emergency situation.

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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 $677,125
Program Service Revenue $51,515
Investment Income $0
Other Revenue $0
TOTAL REVENUE $728,640

Expense Breakdown

Grants Paid $502,371
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $573,680
Other Expenses $91,633
TOTAL EXPENSES $594,004

Year-over-Year Comparison

2023 2022 Change
Revenue $728,640 $752,633 0.0%
Expenses $594,004 $832,009 -0.3%
Net Income $134,636 $-79,376 -2.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
60

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
8
$2,073,623
Total Directors
5
$1,006,342
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DRC IMMEDIATE PAST CHAIR 1.0
Officer Director
$0 $0 $0
N/A DRC Chair Elect 2024 1.0
Officer Director
$0 $0 $0
N/A President 1.0
Officer Director
$0 $381,118 $1,006,342
N/A DRC CHAIR PERSON 1.0
Officer Director
$0 $0 $0
N/A DRC BOARD SECRETARY 1.0
Officer Director
$0 $0 $0
N/A Treasurer 1.0
Officer
$0 $138,984 $517,948
N/A Vice President 1.0
Officer
$0 $54,389 $265,142
N/A board secretary 1.0
Officer
$0 $73,108 $284,191
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 $728,640 $594,004 $239,767 $134,636
2022 $752,633 $832,009 $446,612 $-79,376
2021 $527,253 $501,835 $519,798 $25,418
2020 $449,765 $394,237 $754,423 $55,528
2019 $727,159 $610,538 $642,772 $116,621
2018 $300,171 $292,649 $249,151 $7,522
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