QUALITY GROWTH INSTITUTE INC (EIN 463960581) - 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

2013

Legal Domicile

Principal Officer

MICHAEL PARIS

Phone

7708133370

Tax Period

2024-01-01 to 2024-12-31

QUALITY GROWTH INSTITUTE INC, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $123K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $153K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE PROMOTION OF EDUCATIONAL AND COMMUNITY EFFORTS DIRECTED TO QUALITY GROWTH, BEST PRACTICES, AND PROFESSIONAL DEVELOPMENT. ADDITIONALLY, TO ENGAGE IN COMMUNITY OUTREACH, WORK WITH LOCAL GOVERNMENTS, AND ENGAGE IN ECONOMIC AND GROWTH POLICY STUDIES.

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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 $172,098

Program Service Revenue $0

Investment Income $19,915

Other Revenue $-69,396

TOTAL REVENUE $122,617

Expense Breakdown

Grants Paid $31,250

Salaries & Benefits $111,753

Fundraising Expenses $0

Program Expenses $143,003

Other Expenses $10,064

TOTAL EXPENSES $153,067

Year-over-Year Comparison

	2024	2023	Change
Revenue	$122,617	$191,806	-0.4%
Expenses	$153,067	$117,308	+0.3%
Net Income	$-30,450	$74,498	-1.4%

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

$374,707

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
H MASON ZIMMERMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
S BRENT REID	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ALBERT G EDWARDS	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL PARIS	EXECUTIVE DIRECTOR	4.00	Officer	$33,351	$41,203	$374,707

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	$122,617	$153,067	$591,045	$-30,450
2023	$191,806	$117,308	$608,180	$74,498
2022	$234,662	$84,549	$548,545	$150,113
2021	$237,302	$131,790	$462,765	$105,512
2020	$347,595	$70,210	$545,181	$277,385

QUALITY GROWTH INSTITUTE INC