POWERQUEST WORLDWIDE LTD

EIN: 464773685 501(c)(3) Philanthropy & Grantmaking

BOONE, NC

Total Revenue
$426,209
Total Expenses
$294,801
Total Assets
$243,679
Net Assets
$243,679
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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
2014
Legal Domicile
NC
Principal Officer
WILLIAM D WRIGHT
Tax Period
2023-01-01 to 2023-12-31

POWERQUEST WORLDWIDE LTD, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $426K in total revenue in fiscal year 2023. The organization ran a surplus of $131K, a strong 31% operating margin.

Mission

SPECIALIZES IN THE DESIGN AND INSTALLATION OF MEDICAL RADIOLOGY SYTEMS, MEDICAL STEAM STERILIZERS, PIPED MEDICAL GAS SYSTEMS, AND ELECTRICAL SERVICES INCLUDING DIESEL GENERATOR AND BATTERY BACKUP SYSTEMS AND SOLAR SYSTEMS, FOR MEDICAL FACILITIES IN UNDERSERVED AREAS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $81,547
Program Service Revenue $330,376
Investment Income $1,878
Other Revenue $12,408
TOTAL REVENUE $426,209

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,502
Fundraising Expenses $0
Program Expenses $284,322
Other Expenses $203,299
TOTAL EXPENSES $294,801

Year-over-Year Comparison

2023 2022 Change
Revenue $426,209 $439,866 0.0%
Expenses $294,801 $432,456 -0.3%
Net Income $131,408 $7,410 +16.7%
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

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Governance

Voting Members
8
Independent Members
5
Employees
1
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
1
$85,000
Total Directors
9
$85,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM D WRIGHT PRESIDENT 40.00
Officer Director
$85,000 $0 $85,000
STEVE SHACKELFORD BOARD MEMBER 0.25
Director
$0 $0 $0
KEN THOMAS BOARD MEMBER 0.25
Director
$0 $0 $0
BONNIE SHACKEFORD BOARD MEMBER 0.25
Director
$0 $0 $0
ROGER KING BOARD MEMBER 0.25
Director
$0 $0 $0
BRENT WRIGHT TREASURER 0.25
Director
$0 $0 $0
JACKIE WRIGHT SPECIAL PROJECTS 4.00
Director
$0 $0 $0
JOHN R LONAS BOARD CHAIRMAN 0.25
Director
$0 $0 $0
REBECCA WRIGHT SECRETARY 2.00
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
2023 $426,209 $294,801 $243,679 $131,408
2022 $439,866 $432,456 $112,346 $7,410
2021 $332,503 $335,353 $111,070 $-2,850
2020 $540,532 $515,308 $113,412 $25,224
2019 $568,149 $548,802 $88,118 $19,347
2018 $456,690 $439,911 $69,145 $16,779
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