QUAD CITIES HEALTH AND WELFARE

EIN: 363134423 Mutual Benefit

CAROL STREAM, IL

Total Revenue
$697,075
Total Expenses
$781,214
Total Assets
$244,925
Net Assets
$178,109
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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
1979
Legal Domicile
IL
Principal Officer
MICHAEL CONSOLINO
Phone
6304808973
Tax Period
2023-01-01 to 2023-12-31

QUAD CITIES HEALTH AND WELFARE, founded in 1979, is a small nonprofit in the Mutual Benefit sector that reported $697K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $781K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE HEALTH BENEFITS.

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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 $0
Program Service Revenue $697,035
Investment Income $0
Other Revenue $40
TOTAL REVENUE $697,075

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $781,214
Other Expenses $33,817
TOTAL EXPENSES $781,214

Year-over-Year Comparison

2023 2022 Change
Revenue $697,075 $799,686 -0.1%
Expenses $781,214 $774,563 +0.0%
Net Income $-84,139 $25,123 -4.3%
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

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Governance

Voting Members
2
Independent Members
1
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
0
$0
Total Directors
2
$137,515
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL COSOLINO TRUSTEE 5.00
Director
$0 $24,911 $137,515
RICK FRANK TRUSTEE 5.00
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 No data No data No data No data
2023 $697,075 $781,214 $244,925 $-84,139
2022 $799,686 $774,563 $302,054 $25,123
2021 $956,716 $932,019 $237,264 $24,697
2020 $1,105,073 $1,072,086 $294,432 $32,987
2019 $1,056,613 $1,059,139 $277,028 $-2,526
2018 $1,238,284 $1,056,091 $273,164 $182,193
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