LAUREL QUALITY OF LIFE INC C/O LAU… - 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

1992

Legal Domicile

Principal Officer

DOUGLAS ILLIG

Phone

4103327400

Tax Period

2024-01-01 to 2024-12-31

LAUREL QUALITY OF LIFE INC C/O LAUREL PARK, founded in 1992, is a micro nonprofit in the Housing & Shelter sector that reported $84K in total revenue in fiscal year 2024. Expenses of $97K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING IN AND AROUND THE LAUREL RACETRACK AREA FOR LOW AND MODERATE INCOME INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $97,410 Revenue: $79,220

THE ORGANIZATION PROVIDES AFFORDABLE HOUSING OPPORTUNITIES IN AND AROUND LAUREL RACETRACK FOR LOW AND MODERATE INCOME INDIVIDUALS.

Program 2

THE ORGANIZATION WILL ALSO PROVIDE SOCIAL SERVICES FOR SUCH INDIVIDUALS IN NEED OF AFFORDABLE HOUSING OPPORTUNITIES. THERE WAS NO CURRENT YEAR ACTIVITY FOR THIS PROGRAM.

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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 $0

Program Service Revenue $79,220

Investment Income $5,000

Other Revenue $0

TOTAL REVENUE $84,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,410

Other Expenses $97,410

TOTAL EXPENSES $97,410

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,220	$85,268	0.0%
Expenses	$97,410	$111,286	-0.1%
Net Income	$-13,190	$-26,018	-0.5%

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
JULIAN OLIN	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS ILLIG	PRESIDENT	1.00	Director	$0	$0	$0
TIM LUZIUS	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$84,220	$97,410	$1,319,894	$-13,190
2023	$85,268	$111,286	$1,343,209	$-26,018
2022	$84,205	$98,793	$1,379,906	$-14,588
2021	$83,881	$87,243	$1,405,754	$-3,362
2020	$83,563	$100,139	$1,420,478	$-16,576
2019	$80,111	$143,831	$1,448,006	$-63,720

LAUREL QUALITY OF LIFE INC C/O LAUREL PARK