QUALITY OF LIFE INC C/O DAVID GOLDBERG (EIN 384055992) - 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

2019

Legal Domicile

Principal Officer

HESHY LANDAU

Phone

7325759808

Tax Period

2024-01-01 to 2024-12-31

QUALITY OF LIFE INC C/O DAVID GOLDBERG, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $497K in total revenue in fiscal year 2024. Expenses of $598K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE AID TO THE INDIGENT BY EASING THEIR FINANCIAL BURDENS AND IMPROVING THEIR QUALITY OF LIFE, THEREBY ALLOWING THEM A BETTER OPPORTUNITY TO BECOME SELF-SUFFICIENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $496,849

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $496,849

Expense Breakdown

Grants Paid $595,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $595,000

Other Expenses $2,566

TOTAL EXPENSES $597,566

Year-over-Year Comparison

	2024	2023	Change
Revenue	$496,849	$512,889	0.0%
Expenses	$597,566	$639,596	-0.1%
Net Income	$-100,717	$-126,707	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HESHY LANDAU	OFFICER	1.00	Officer	$0	$0	$0
MEIR SIMCHA LEVENSTEIN	SECRETARY-TR	1.00	Officer	$0	$0	$0
MENASHE UHR	VICE PRESIDE	1.00	Officer	$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	$496,849	$597,566	$50,119	$-100,717
2023	$512,889	$639,596	$150,836	$-126,707
2022	$804,855	$596,781	$277,543	$208,074
2021	$424,267	$572,573	$69,469	$-148,306
2020	$670,777	$487,462	$217,775	$183,315

QUALITY OF LIFE INC C/O DAVID GOLDBERG