ASM QALICB INC (EIN 371844801) - 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

2017

Legal Domicile

Principal Officer

JAMES WELCH

Phone

3127424182

Tax Period

2022-07-01 to 2023-06-30

ASM QALICB INC, founded in 2017, is a small nonprofit that reported $314K in total revenue in fiscal year 2022.

Mission

ASM QALICB, INC. HOLDS TITLE TO THE LUTZ CENTER IN SUPPORT OF AFTER SCHOOL MATTERS' (ASM) MISSION OF PROVIDING CHICAGO PUBLIC HIGH SCHOOL TEENS OPPORTUNITIES TO EXPLORE AND DEVELOP THEIR TALENTS, WHILE GAINING CRITICAL SKILLS FOR WORK, COLLEGE AND BEYOND. THE LUTZ FAMILY CENTER IS A KEY COMPONENT OF ASM'S MISSION. ASM QALICB, INC. LEASES THE LUTZ CENTER TO ASM WHICH OPERATES THE PROPERTY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $314,287

Investment Income $0

Other Revenue $0

TOTAL REVENUE $314,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $333,900

TOTAL EXPENSES $333,900

Year-over-Year Comparison

	2022	2021	Change
Revenue	$314,287	$314,287	N/A
Expenses	$333,900	$332,561	+0.0%
Net Income	$-19,613	$-18,274	+0.1%

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

$169,340

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES WELCH	CHAIR	1.00	Director	$0	$0	$0
JENNIFER FARRINGTON	VICE CHAIR	1.00	Director	$0	$0	$0
ROBERT WISLOW	TREASURER	1.00	Director	$0	$0	$0
MISCHELLE CAUSEY-DRAKE	SECRETARY	1.00	Officer	$0	$20,719	$169,340

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$314,287	$333,900	$11,794,217	$-19,613
2022	$314,287	$332,561	$10,597,437	$-18,274
2021	$314,287	$333,543	$10,523,588	$-19,256
2020	$140,000	$332,262	$9,815,146	$-192,262
2019	$118,750	$323,449	$9,977,097	$-204,699

ASM QALICB INC