QUATERE

EIN: 463446895 501(c)(3)

SALT LAKE CITY, UT

Total Revenue
$239,993
Total Expenses
$323,834
Total Assets
$5,236
Net Assets
$5,236
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
UT
Principal Officer
MACKENZIE MANESS
Phone
8013687978
Tax Period
2019-01-01 to 2019-12-31

QUATERE, founded in 2013, is a small nonprofit that reported $240K in total revenue in fiscal year 2019. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $324K exceeded revenue, resulting in a 35% operating deficit.

Mission

QUATERE'S MISSION IS TO PROVIDE ECONOMIC FREEDOM FOR INDIVIDUALS THROUGH ENTREPRENEURSHIP. WE HELP ENTREPRENEURS CREATE PRODUCTS, SERVICES, FIRMS AND JOBS. QUATERE MAKES PEOPLE BETTER PEOPLE.

Program Service Accomplishments

Program 1
Expenses: $142,654

WE IDENTIFY PROMISING CREATORS OF VALUE AND HELP THEM BE PRODUCTIVE. WE ORGANIZE THEM IN FOCUSED GROUPS TO CREATE OPPORTUNITIES, EVALUATE THOSE OPPORTUNITIES AND DETERMINE WHETHER THEY FIT THEIR OWN...

Read more

WE IDENTIFY PROMISING CREATORS OF VALUE AND HELP THEM BE PRODUCTIVE. WE ORGANIZE THEM IN FOCUSED GROUPS TO CREATE OPPORTUNITIES, EVALUATE THOSE OPPORTUNITIES AND DETERMINE WHETHER THEY FIT THEIR OWN SKILL SETS. IN THIS BUSINESS INCEPTION PROGRAM WE TEACH PRECISION EXECUTION, HYPOTHESIS TESTING, REPORTING AND PROPER POVERNANCE TO OUR PARTICIPANTS. EDUCATIONAL EVENTS ARE RUN BY THE PARTICIPANTS THEMSELVES AND ARE EDUCATION FOCUSED, DESIGNED FOR THE CURRENT PROBLEMS THAT THE ENTREPRENEURS ENCOUNTER. FOR NEW REGIONS WE PROVIDE A SET OF OPENLY PUBLISHED DOCUMENTS AND BEST PRACTICES TO BUILD THEIR PROGRAM. FREQUENTLY OUR ALUMNI VISIT THESE NEW PROGRAMS TO COACH THE NEW DIRECTORS. SOMETIMES OUR ALUMNI BECOME DIRECTORS WHEN THEY MOVE TO NEW REGIONS AND BUILD PROGRAMS OF THEIR OWN. SOMETIMES WE PROVIDE MONEY FOR THESE PROGRAMS BUT TYPICALLY THEY BECOME FUNDED BY THE REGION. WE BUILD A SET OF TOOLS TO HELP DIRECTORS MANAGE THEIR PROGRAMS AND TO HELP US MEASURE THEIR SUCCESS.

Program 2
Expenses: $112,632

QUATERE SEEKS TO CREATE AND IMPLEMENT ITS INNOVATIVE NEXT GENERATION EARLY STAGE UMBRELLA FUND TO INJECT MUCH NEEDED SUSTAINABLE FUNDING OPTIONS FOR EARLY STAGE AND STARTUP COMPANIES IN THE...

Read more

QUATERE SEEKS TO CREATE AND IMPLEMENT ITS INNOVATIVE NEXT GENERATION EARLY STAGE UMBRELLA FUND TO INJECT MUCH NEEDED SUSTAINABLE FUNDING OPTIONS FOR EARLY STAGE AND STARTUP COMPANIES IN THE INTERMOUNTAIN REGION AND BEYOND. THE FUND IS EXPECTED TO RESULT IN NEW JOB CREATION AND INCRASE THE AVAILABILITY OF CAPITAL AND TECHNICAL ASSISTANCE TO EARLY STAGE COMPANIES IN THE REGION. THE FUND STRUCTURE WILL: PROVIDE STONG RETURNS; MEET CRA, SBA AND OTHER ECONOMIC DEVELOPMENT OBJECTIVES; HAVE STONG ALIGNMENT BETWEEN GENERAL PARTNERS AND LIMITED PARTNERS; AND ADDRESS THE MARKET DYNAMICS OF STARTUPS GETTING FARTHER WITH SMALLER AMOUNTS OF CAPITAL. QUATERE INTENDS TO CREATE A SEED FUND MODEL THAT CAN SUCCESSFULLY BE IMPLEMENTED IN OTHER SIMILAR MARKETS, AND INTENDS TO PUBLISH BEST PRACTICES FOR THE FUND IN THE CREATIVE COMMONS.

Program 3
Expenses: $64,432

ECOSYSTEM MAPPING AND RESEARCH QUATERE, IN PARTNERSHIP WITH ENDEVOR INSIGHT, IS MAPPING UTAH'S ENTREPRENEURIAL ECOSYSTEM. TOGETHER, QUATERE AND ENDEVOR ARE PRODUCING THE FIRST COMPREHENSIVE ANALYSIS...

Read more

ECOSYSTEM MAPPING AND RESEARCH QUATERE, IN PARTNERSHIP WITH ENDEVOR INSIGHT, IS MAPPING UTAH'S ENTREPRENEURIAL ECOSYSTEM. TOGETHER, QUATERE AND ENDEVOR ARE PRODUCING THE FIRST COMPREHENSIVE ANALYSIS OF THE ENTREPRENEURIAL ECOSYSTEM THAT IS ESTABLISHING UTAH AS A HUB OF INNOVATION. MAPPING UTAH IS MODIELED AFTER ENDEAVOR'S MUCH-PUBLICIXED NYCTECHMAP. THE GOALS ARE TO: UNDERSTAND WHAT INFLUENCES AND DRIVES INNOVATION IN UTAH; PROVIDE A BASIS FOR ACADEMIC AND POLICY STUDIES. PRODUCE INTERACTIVE MAPS THAT ILLUSTRATE THE INFLUENCE OF VARIOUS ACTORS ON THE ENTRPENEURIAL ECOSYSTEM. FURTHER ESTABLISH UTAH AS A LEADER IN REGIONAL INNOVATION.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $239,993
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $239,993

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,000
Fundraising Expenses $0
Program Expenses $319,718
Other Expenses $319,834
TOTAL EXPENSES $323,834

Year-over-Year Comparison

2019 2018 Change
Revenue $239,993 $755,894 -0.7%
Expenses $323,834 $691,100 -0.5%
Net Income $-83,841 $64,794 -2.3%
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

Sign In

Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
75

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
1
$4,000
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MACKENZIE MANESS PRESIDENT 10.00
Officer
$4,000 $0 $4,000
ROBERT WUEBKER DIRECTOR N/A
Director
$0 $0 $0
BRENT SLOAN DIRECTOR N/A
Director
$0 $0 $0
BRUCE TOW DIRECTOR N/A
Director
$0 $0 $0
CARINE CLARK DIRECTOR N/A
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
2019 $239,993 $323,834 $5,236 $-83,841
2018 $755,894 $691,100 $89,077 $64,794
Explore More Nonprofits
Top 100 Nonprofits in Utah Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare QUATERE with other nonprofits in Utah and across the country.