MODERN QUILT GUILD INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

KAREN COOPER

Phone

5038479418

Tax Period

2023-07-01 to 2024-06-30

MODERN QUILT GUILD INC, founded in 2011, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 5% surplus.

Mission

THE MODERN QUILT GUILD'S MISSION IS TO SUPPORT AND ENCOURAGE THE GROWTH AND DEVELOPMENT OF MODERN QUILTING THROUGH ART, EDUCATION AND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $859,752 Revenue: $1,352,414

QUILTCON, OUR ANNUAL CONVENTION, WHICH CONNECTS QUILTING ENTHUSIASTS OF ALL AGES, HAD MORE THAN 198 LECTURES, WORKSHOPS, AND SOCIAL EVENTS AND ATTRACTED APPROXIMATELY 24,500 ATTENDEES FROM ALL 50 US STATES AND SEVERAL COUNTRIES. THE EVENT FEATURED MORE THAN 600 DISPLAYED QUILTS, INCLUDING A SPECIAL EXHIBIT CREATED BY THE AFRICAN AMERICAN QUILT CIRCLE OF DURHAM.

Program 2

Expenses: $606,332 Revenue: $370,430

THE MODERN QUILT GUILD IS AN ARTS-BASED MEMBERSHIP ORGANIZATION WITH OVER 18,000 MEMBERS WORLDWIDE. THE MODERN QUILT GUILD PROVIDES ONLINE COMMUNITY RESOURCES, PATTERNS, EDUCATION, AND OTHER BENEFITS...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $90,653

Program Service Revenue $1,722,844

Investment Income $12,661

Other Revenue $8,040

TOTAL REVENUE $1,834,198

Expense Breakdown

Grants Paid $13,041

Salaries & Benefits $568,108

Fundraising Expenses $0

Program Expenses $1,466,084

Other Expenses $1,170,257

TOTAL EXPENSES $1,751,406

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,834,198	$1,616,556	+0.1%
Expenses	$1,751,406	$1,620,141	+0.1%
Net Income	$82,792	$-3,585	-24.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

774

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

$100,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER KINION	DIRECTOR END 12/31/2023	5.00	Officer Director	$0	$0	$0
VIKKI GRAY	TREASURER AND DIRECTOR	2.00	Officer Director	$0	$0	$0
DIANNE GATES-ANDERSON	DIRECTOR START 1/1/24	1.00	Director	$0	$0	$0
KARIN KING	DIRECTOR	1.00	Director	$0	$0	$0
CANDRA PARKER	VP & DIRECTOR	2.00	Officer Director	$0	$0	$0
VIVIKA HANSEN DENEGRE	DIRECTOR	1.00	Director	$0	$0	$0
ALEEDA CRAWLEY	PRESIDENT AND DIRECTOR	5.00	Officer Director	$0	$0	$0
GREG STEWART	DIRECTOR END 12/31/2023	1.00	Director	$0	$0	$0
FRANCES SILVERMAN	SECRETARY AND DIRECTOR	1.00	Officer Director	$0	$0	$0
SARAH RUIZ	DIRECTOR	1.00	Director	$0	$0	$0
KAREN WOMACK	DIRECTOR START 1/1/24	1.00	Director	$0	$0	$0
KAREN COOPER	EXECUTIVE DIRECTOR	45.00	Officer	$96,000	$4,800	$100,800

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	$1,834,198	$1,751,406	$580,038	$82,792
2023	$1,616,556	$1,620,141	$491,664	$-3,585
2022	$1,206,669	$1,532,516	$471,322	$-325,847
2021	$1,066,612	$629,148	$757,477	$437,464
2020	$1,251,110	$1,237,131	$865,750	$13,979
2019	$1,243,957	$1,234,106	$372,427	$9,851
2018	$1,158,256	$1,054,041	$385,501	$104,215