QUALITY LIVING INC (EIN 470665946) - 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

1996

Legal Domicile

Principal Officer

TODD SCHUITEMAN

Phone

4025733700

Tax Period

2023-07-01 to 2024-06-30

QUALITY LIVING INC, founded in 1996, is a mid-sized nonprofit in the Health Care sector that reported $40.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $34.8M left a modest 13% surplus.

Mission

TO PROMOTE PURPOSE, PRIVACY, DIGNITY AND INDEPENDENCE FOR INDIVIDUALS WITH DISABILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,207,981

Program Service Revenue $33,666,885

Investment Income $1,871,289

Other Revenue $291,922

TOTAL REVENUE $40,038,077

Expense Breakdown

Grants Paid $10,053

Salaries & Benefits $26,051,689

Fundraising Expenses $1,052,576

Program Expenses $29,713,520

Other Expenses $8,776,214

TOTAL EXPENSES $34,837,956

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,038,077	$35,191,973	+0.1%
Expenses	$34,837,956	$33,879,398	+0.0%
Net Income	$5,200,121	$1,312,575	+3.0%

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

567

Volunteers

300

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

$706,531

Total Directors

$403,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA KEARNS	PRESIDENT & CEO	44.50	Officer Director	$341,092	$62,248	$403,340
LORI SCOTT	VICE CHAIR	0.10	Officer Director	$0	$0	$0
WALT GRIFFITHS	CHAIRMAN	0.10	Officer Director	$0	$0	$0
TREV ALBERTS	MEMBER THRU 3/24	0.10	Director	$0	$0	$0
JENNIFER PAIGE DINSDALE	MEMBER	0.10	Director	$0	$0	$0
TOM JANSSEN	MEMBER	0.10	Director	$0	$0	$0
PHILLIP MATHENY	MEMBER	0.10	Director	$0	$0	$0
ROBERT MONACO	MEMBER	0.10	Director	$0	$0	$0
KAREN OLIN	MEMBER	0.10	Director	$0	$0	$0
DR JAMES SCOTT-MILLER	MEMBER THRU 11/23	0.10	Director	$0	$0	$0
DOUG WILWERDING	MEMBER	0.10	Director	$0	$0	$0
SUE SELINE	MEMBER	0.10	Director	$0	$0	$0
TODD SCHUITEMAN	VICE PRESIDENT & CFO	44.50	Officer	$165,640	$41,347	$206,987
KATIE HODGES	SECRETARY, COORDINATOR OF EXECUTIVE OPERATIONS	44.50	Officer	$68,399	$27,805	$96,204
JEFFREY SNELL	DIRECTOR OF PSYCHOLOGY SER	45.00	Highest	$149,516	$28,230	$177,746
STEPHEN KERSCHKE	DIRECTOR OF MARKETING	45.00	Highest	$139,677	$10,373	$150,050
KAREN HUX	DIRECTOR OF RESEARCH	45.00	Highest	$136,857	$15,370	$152,227
TINASHE MAHUPETE	VICE PRESIDENT OF EXECUTIVE OPERATIONS	45.00	Highest	$128,751	$37,106	$165,857
ALICIA ELSON	SENIOR ADVISOR	45.00	Highest	$185,057	$12,398	$197,455

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	$40,038,077	$34,837,956	$83,295,736	$5,200,121
2023	$35,191,973	$33,879,398	$75,840,326	$1,312,575
2022	$40,297,129	$33,238,548	$70,593,793	$7,058,581
2021	$35,991,988	$30,798,405	$72,142,715	$5,193,583
2020	$31,791,841	$29,619,443	$60,255,443	$2,172,398
2019	$30,177,242	$28,648,313	$57,757,556	$1,528,929
2018	$30,225,294	$28,097,660	$55,475,128	$2,127,634

QUALITY LIVING INC