QUALITY OF LIFE HEALTH SERVICES INC (EIN 630727804) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

WAYNE ROWE

Phone

2564920131

Tax Period

2024-04-01 to 2025-03-31

QUALITY OF LIFE HEALTH SERVICES INC, founded in 1977, is a mid-sized nonprofit in the Health Care sector that reported $37.7M in total revenue in fiscal year 2018. Expenses of $34.8M left a modest 8% surplus.

Mission

PROVIDE PRIMARY HEALTH CARE TO LOW INCOME AND UNDERSERVED RESIDENTS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,083,385

Program Service Revenue $14,168,628

Investment Income $1,233,019

Other Revenue $0

TOTAL REVENUE $32,485,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,233,432

Fundraising Expenses $0

Program Expenses $20,416,779

Other Expenses $17,103,787

TOTAL EXPENSES $35,337,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,485,032	$37,067,776	-0.1%
Expenses	$35,337,219	$35,503,093	0.0%
Net Income	$-2,852,187	$1,564,683	-2.8%

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

220

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

$565,273

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE ROWE	PRESIDENT/CEO	040.00	Director Highest	$565,273	$0	$565,273
MUHAMMAD TARIQ	PHYSICIAN	040.00	Highest	$262,919	$0	$262,919
CHRISTOPHER COLE	PHYSICIAN	040.00	Highest	$256,235	$0	$256,235
ODEANE CONNOR	PHYSICIAN	040.00	Highest	$251,138	$0	$251,138
KATHLEEN DURYEA	PHYSICIAN	040.00	Highest	$250,515	$0	$250,515
DANTE WHITTAKER SR	BOARD PRESIDENT	002.00	Officer Director	$0	$0	$0
CHRISTOPHER REYNOLDS	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
TONIA DENISE ROSSER	BOARD MEMBER	002.00	Officer Director	$0	$0	$0
KRISTIE CORNELIOUS	BOARD MEMBER	002.00	Officer Director	$0	$0	$0
CECILIA CRUZ-ZANZIG	SECRETARY	002.00	Officer Director	$0	$0	$0
TONY REDDICK	TREASURER	002.00	Officer Director	$0	$0	$0
URICK WRIGHT	BOARD MEMBER	002.00	Officer Director	$0	$0	$0
EMILY MCLAIN	BOARD MEMBER	002.00	Officer Director	$0	$0	$0
VERONICA RAWLS	BOARD MEMBER	002.00	Officer Director	$0	$0	$0
TERESA CLANTON	BOARD MEMBER	002.00	Officer Director	$0	$0	$0
TARVA VAUGHN	BOARD MEMBER	002.00	Officer Director	$0	$0	$0
MALAVIKA SHAH	BIOARD MEMBER	002.00	Officer 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	$32,485,032	$35,337,219	$45,543,572	$-2,852,187
2024	$37,067,776	$35,503,093	$48,797,776	$1,564,683
2023	$37,050,644	$32,006,425	$47,260,299	$5,044,219
2022	$37,848,883	$32,470,838	$42,008,652	$5,378,045
2021	$35,043,280	$32,439,473	$37,299,838	$2,603,807
2020	$36,904,873	$33,953,243	$34,817,497	$2,951,630
2019	$37,732,441	$34,758,893	$34,339,933	$2,973,548

QUALITY OF LIFE HEALTH SERVICES INC