COMMUNITY QUILTERS OF NEVADA TEXAS (EIN 372084063) - 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

2023

Legal Domicile

Tax Period

2025-01-01 to 2025-12-31

COMMUNITY QUILTERS OF NEVADA TEXAS, founded in 2023, is a micro nonprofit in the Human Services sector that reported $42K in total revenue in fiscal year 2025. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $71K exceeded revenue, resulting in a 70% operating deficit.

Mission

TO PROVIDE HANDMADE SECURITY BLANKETS TO CHILDREN IN NEED OF COMFORT

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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 (2025)

Revenue Breakdown

Contributions & Grants $41,867

Program Service Revenue $0

Investment Income $15

Other Revenue $0

TOTAL REVENUE $41,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,446

Other Expenses $71,211

TOTAL EXPENSES $71,211

Year-over-Year Comparison

	2025	2024	Change
Revenue	$41,882	$498,866	-0.9%
Expenses	$71,211	$50,463	+0.4%
Net Income	$-29,329	$448,403	-1.1%

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

132

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGINA FORTHMAN	PRESIDENT	40.00	Officer Director	$0	$0	$0
JOSEPH HENRY	VICE PRESIDENT	50.00	Officer Director	$0	$0	$0
VIRGINIA KENYON	SECRETARY	11.00	Officer Director	$0	$0	$0
LETA CORNELIUS	TREASURER	22.00	Officer Director	$0	$0	$0
SUZANNE MAROSEK	DIRECTOR	3.00	Director	$0	$0	$0
KYE MILLER	DIRECTOR	6.00	Director	$0	$0	$0
VALERA SHEPLER	DIRECTOR	5.00	Director	$0	$0	$0
MARY ANN THOMPSON	DIRECTOR	20.00	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
2025	$41,882	$71,211	$1,266,871	$-29,329
2024	No data	No data	No data	No data
2023	$859,475	$11,678	$847,797	$847,797

COMMUNITY QUILTERS OF NEVADA TEXAS