The National Quilting Association … - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

Mary Lou Paoletti

Phone

6144461090

Tax Period

2018-01-01 to 2018-12-31

The National Quilting Association Inc, founded in 1972, is a micro nonprofit that reported $6 in total revenue in fiscal year 2018. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $25K exceeded revenue, resulting in a 417333% operating deficit.

Mission

The National Quilting Association Inc. promotes the art, craft, and legacy of quiltmaking, encourage high standards in quiltmaking through education, preservation and philanthropic endeavors.

Program Service Accomplishments

Program 1

Expenses: $24,750 Revenue: $6

To educate the public and preserve the heritage of quiltmaking

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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 (2018)

Revenue Breakdown

Contributions & Grants $6

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6

Expense Breakdown

Grants Paid $24,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,750

Other Expenses $296

TOTAL EXPENSES $25,046

Year-over-Year Comparison

	2018	2017	Change
Revenue	$6	$10,446	-1.0%
Expenses	$25,046	$20	+1251.3%
Net Income	$-25,040	$10,426	-3.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Margaret L Powers	Acting President	000.10	Officer Director	$0	$0	$0
Priscilla Godfrey	Secretary	N/A	Officer Director	$0	$0	$0
Mary Lou Paoletti	Treasurer	000.10	Officer Director	$0	$0	$0
Heather G Tighe	Chapter Services Chair	N/A	Director	$0	$0	$0
Sandra Dorrbecker	Education Chair	N/A	Director	$0	$0	$0
Mary Ann Guidos	Communications Chair	N/A	Director	$0	$0	$0
Margie Engle	Grant Chair	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
2018	$6	$25,046	No data	$-25,040

The National Quilting Association Inc