PACE QALICB INC (EIN 271086813) - 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

2009

Legal Domicile

Principal Officer

CARLA A MAZZA

Phone

9085582497

Tax Period

2021-01-01 to 2021-11-30

PACE QALICB INC, founded in 2009, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2021. Revenue decreased 6% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 71% operating deficit.

Mission

ASSIST THE ELIZABETH PARKING AUTHORITY BY SERVING AS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,174,936

Investment Income $162

Other Revenue $0

TOTAL REVENUE $1,175,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,993,304

Other Expenses $2,012,874

TOTAL EXPENSES $2,012,874

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,175,098	$1,246,099	-0.1%
Expenses	$2,012,874	$2,256,585	-0.1%
Net Income	$-837,776	$-1,010,486	-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

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

$282,199

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLA MAZZA	PRESIDENT	5.00	Officer	$0	$0	$158,575
CARLOS ALMA	SECRETARY	2.00	Officer Highest	$0	$0	$123,624
DANIEL P SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
AL FAELLA	TRUSTEE	1.00	Director	$0	$0	$0
CARLOS SANCHEZ	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
2021	$1,175,098	$2,012,874	No data	$-837,776
2020	$1,246,099	$2,256,585	$28,042,569	$-1,010,486
2019	$1,234,467	$2,270,906	$28,223,547	$-1,036,439
2018	$1,171,989	$2,189,499	$29,815,205	$-1,017,510

PACE QALICB INC