SQC INC (EIN 631229687) - 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

1999

Legal Domicile

Principal Officer

BOB FRAZER

Phone

3348752626

Tax Period

2024-01-01 to 2024-12-31

SQC INC, founded in 1999, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $77K in total revenue in fiscal year 2018. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $154K exceeded revenue, resulting in a 100% operating deficit.

Mission

TO PROVIDE COLLEGIATE ACADEMIC SCHOLARSHIPS TO OUTSTANDING HIGH SCHOOL STUDENT ATHLETES IN THE DALLAS COUTY, ALABAMA AREA.

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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 $200

Program Service Revenue $25,600

Investment Income $21,617

Other Revenue $23,163

TOTAL REVENUE $70,580

Expense Breakdown

Grants Paid $15,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $45,380

Other Expenses $32,865

TOTAL EXPENSES $48,365

Year-over-Year Comparison

	2024	2023	Change
Revenue	$70,580	$47,779	+0.5%
Expenses	$48,365	$38,385	+0.3%
Net Income	$22,215	$9,394	+1.4%

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
BOB FRAZER	PRESIDENT/CA	N/A	Officer	$0	$0	$0
PERRY WOODRUFF	DIRECTOR	N/A	Director	$0	$0	$0
RAY HOGG	DIRECTOR	N/A	Director	$0	$0	$0
GUS COLVIN	DIRECTOR	N/A	Director	$0	$0	$0
NORMAN COPELAND	DIRECTOR	N/A	Director	$0	$0	$0
JULIUS TALTON	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS GRIFFIN	DIRECTOR	N/A	Director	$0	$0	$0
TOM GLOVER	DIRECTOR	N/A	Director	$0	$0	$0
MIKE HANCOCK	DIRECTOR	N/A	Director	$0	$0	$0
RALPH BROOKS	DIRECTOR	N/A	Director	$0	$0	$0
JACK MOONEY	DIRECTOR	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
2024	$70,580	$48,365	$296,463	$22,215
2023	$47,779	$38,385	$274,248	$9,394
2022	$57,353	$36,835	$264,854	$20,518
2021	$61,053	$27,386	$244,336	$33,667
2020	$24,308	$15,501	$210,675	$8,807
2019	$47,911	$41,717	$201,865	$6,194
2018	$76,980	$153,578	$196,117	$-76,598

SQC INC