SQLC Charitable Foundation

EIN: 262474373 501(c)(3) Housing & Shelter

Dallas, TX

Total Revenue
$242,035
Total Expenses
$583,285
Total Assets
$1,759,152
Net Assets
$1,759,152
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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
2008
Legal Domicile
TX
Principal Officer
JOSEPH ANDERSON
Phone
9259630013
Tax Period
2019-01-01 to 2019-12-31

SQLC Charitable Foundation, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $242K in total revenue in fiscal year 2019. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $583K exceeded revenue, resulting in a 141% operating deficit.

Mission

Primarily to make grants and otherwise support programs and services that advance the interests of the elderly

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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 (2019)

Revenue Breakdown

Contributions & Grants $32,885
Program Service Revenue $0
Investment Income $209,150
Other Revenue $0
TOTAL REVENUE $242,035

Expense Breakdown

Grants Paid $562,361
Salaries & Benefits $15,000
Fundraising Expenses $0
Program Expenses $562,360
Other Expenses $5,924
TOTAL EXPENSES $583,285

Year-over-Year Comparison

2019 2018 Change
Revenue $242,035 $358,925 -0.3%
Expenses $583,285 $1,028 +566.4%
Net Income $-341,250 $357,897 -2.0%
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

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Governance

Voting Members
3
Independent Members
3
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
1
$5,000
Total Directors
2
$10,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH ANDERSON President 1.000
Officer
$5,000 $0 $5,000
DAVID GOBBLE Director 1.000
Director
$5,000 $0 $5,000
WARD WUESTE Director 1.000
Director
$5,000 $0 $5,000
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
2019 $242,035 $583,285 $1,759,152 $-341,250
2018 $358,925 $1,028 $2,100,401 $357,897
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