Quality Education Institute of Durham Inc Q E I D

EIN: 562094779 501(c)(3) Education

Durham, NC

Total Revenue
$302,989
Total Expenses
$296,758
Total Assets
$12,168
Net Assets
$-101,709
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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
1998
Legal Domicile
NC
Phone
9196883535
Tax Period
2024-01-01 to 2024-12-31

Quality Education Institute of Durham Inc Q E I D, founded in 1998, is a small nonprofit in the Education sector that reported $303K in total revenue in fiscal year 2024.

Mission

EDUCATION & CULTURAL FAITH-BASED TEACHING

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $302,989
Investment Income $0
Other Revenue $0
TOTAL REVENUE $302,989

Expense Breakdown

Grants Paid $0
Salaries & Benefits $209,659
Fundraising Expenses $0
Program Expenses $296,758
Other Expenses $87,099
TOTAL EXPENSES $296,758

Year-over-Year Comparison

2024 2023 Change
Revenue $302,989 $291,046 +0.0%
Expenses $296,758 $349,198 -0.2%
Net Income $6,231 $-58,152 -1.1%
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
7
Independent Members
6
Employees
16
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
0
$0
Total Directors
3
$49,725
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ricki Fuller Executive Director 10.00
Director
$2,700 $0 $2,700
Maurice Cotton Finance Director 10.00
Director
$11,025 $0 $11,025
Lasaundra Vines Principal 40.00
Director
$36,000 $0 $36,000
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 $302,989 $296,758 $12,168 $6,231
2023 $291,046 $349,198 $8,389 $-58,152
2022 $300,393 $310,300 $59,205 $-9,907
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