iQuilt Partnership Inc (EIN 451744906) - 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

2011

Legal Domicile

Principal Officer

William Peelle

Phone

8606146077

Tax Period

2024-07-01 to 2025-06-30

iQuilt Partnership Inc, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $543K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $608K exceeded revenue, resulting in a 12% operating deficit.

Mission

To execute the iQuilt Plan, an arts based economic development plan for the city of Hartford, Connecticut.

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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 $542,954

Program Service Revenue $0

Investment Income $0

Other Revenue $260

TOTAL REVENUE $543,214

Expense Breakdown

Grants Paid $0

Salaries & Benefits $238,855

Fundraising Expenses $37,163

Program Expenses $496,210

Other Expenses $369,337

TOTAL EXPENSES $608,192

Year-over-Year Comparison

	2024	2023	Change
Revenue	$543,214	$907,421	-0.4%
Expenses	$608,192	$974,283	-0.4%
Net Income	$-64,978	$-66,862	0.0%

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

Volunteers

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

$121,158

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jackie Mandyck	Executive Dir.	40.00	Officer	$107,000	$14,158	$121,158
James Carter	Chair	0.50	Officer Director	$0	$0	$0
David Fay	Vice Chair	0.50	Officer Director	$0	$0	$0
David Griggs	Treasurer	0.50	Officer Director	$0	$0	$0
David Embrick	Board Member	0.50	Director	$0	$0	$0
Bonnie Malley	Past President	0.50	Director	$0	$0	$0
Debra Borrero	Board Member	0.50	Director	$0	$0	$0
Courtney Larkin	Governan. Chair	0.50	Director	$0	$0	$0
Jordan Polon	Board Member	0.50	Director	$0	$0	$0
David Robinson	Board Member	0.50	Director	$0	$0	$0
Meghan Freed	Board Member	0.50	Director	$0	$0	$0
Marilyn Rossetti	Board Member	0.50	Director	$0	$0	$0
Cristisn Corza-Godinez	Board Member	0.50	Director	$0	$0	$0
Charmaine Craig	Board Member	0.50	Director	$0	$0	$0
Jonathan Harding	Board member	0.50	Director	$0	$0	$0
Michael Zaleski	Board Member	0.50	Director	$0	$0	$0
Chavon Hamilton-Burgess	Board Member	0.50	Director	$0	$0	$0
William Peelle	Board Member	0.50	Director	$0	$0	$0
Theresa Hopkins Staten	Board Member	0.50	Director	$0	$0	$0
Amanda Roy	Board Member	0.50	Director	$0	$0	$0
Jason Rojas	Board Member	0.50	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	$543,214	$608,192	$423,368	$-64,978
2024	No data	No data	No data	No data
2023	$833,678	$696,568	$569,488	$137,110
2022	$346,314	$540,708	$415,580	$-194,394
2021	$260,853	$441,569	$615,388	$-180,716
2020	$373,770	$701,965	$808,680	$-328,195
2019	$1,025,764	$804,568	$1,154,203	$221,196

iQuilt Partnership Inc