Quality Living Services Inc (EIN 581629399) - 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

1985

Legal Domicile

Principal Officer

Irene Richardson

Phone

4046120762

Tax Period

2024-01-01 to 2024-12-31

Quality Living Services Inc, founded in 1985, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $761K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 42% operating deficit.

Mission

Providing services to the elderly to enhance their quality of life.

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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 $212,740

Program Service Revenue $537,817

Investment Income $10,054

Other Revenue $0

TOTAL REVENUE $760,611

Expense Breakdown

Grants Paid $131,358

Salaries & Benefits $500,668

Fundraising Expenses $25,019

Program Expenses $865,092

Other Expenses $447,018

TOTAL EXPENSES $1,079,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$760,611	$1,344,957	-0.4%
Expenses	$1,079,044	$959,578	+0.1%
Net Income	$-318,433	$385,379	-1.8%

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

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

$81,176

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Ashe	Member	0.00	Director	$0	$0	$0
Emma Fountain	President	1.00	Officer Director	$0	$0	$0
Charles Lingo	Treasurer	1.00	Officer Director	$0	$0	$0
Dana H Newman	Secretary	1.00	Officer Director	$0	$0	$0
Frank Jones	Chaplain	0.00	Officer Director	$0	$0	$0
Carla L Wiley	Parliamentarian	0.00	Officer Director	$0	$0	$0
Delores Hampton	Vice President	1.00	Officer Director	$0	$0	$0
Cynthia R Sloan	Director	0.00	Director	$0	$0	$0
Adeyemi Toure	Director	0.00	Director	$0	$0	$0
Percy N Berry	Director	0.00	Director	$0	$0	$0
Trina T Nkhazi	Director	0.00	Director	$0	$0	$0
Andrea Morgan	Director	0.00	Director	$0	$0	$0
Irene Richardson	Executive Director	40.00	Officer	$81,176	$0	$81,176

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	$760,611	$1,079,044	$1,048,335	$-318,433
2023	$1,344,957	$959,578	$1,334,276	$385,379
2022	$847,950	$890,157	$864,521	$-42,207
2021	$764,568	$740,690	$1,083,454	$23,878
2020	$1,078,354	$1,034,847	$1,121,775	$43,507

Quality Living Services Inc