QUAKER ESTATES OF PORTSMOUTH INC

EIN: 731695623 501(c)(3)

PORTSMOUTH, RI

Total Revenue
$56,606
Total Expenses
$82,366
Total Assets
$722,024
Net Assets
$707,127
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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
2006
Legal Domicile
RI
Principal Officer
Katrine Hansen
Phone
4016833173
Tax Period
2018-01-01 to 2018-12-31

QUAKER ESTATES OF PORTSMOUTH INC, founded in 2006, is a micro nonprofit that reported $57K in total revenue in fiscal year 2018. Expenses of $82K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO PROVIDE HOUSING FOR ELIGIBLE ELDERLY PERSONS

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $56,591
Investment Income $0
Other Revenue $15
TOTAL REVENUE $56,606

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $51,189
Other Expenses $82,366
TOTAL EXPENSES $82,366

Year-over-Year Comparison

2018 2017 Change
Revenue $56,606 $59,421 0.0%
Expenses $82,366 $73,371 +0.1%
Net Income $-25,760 $-13,950 +0.8%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
3
$69,000
Total Directors
6
$69,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHEL KELLEY SECRETARY 1.00
Officer Director
$0 $35,000 $35,000
KENNETH E JONES DIRECTOR 1.00
Director
$0 $0 $0
KATRINE HANSEN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JON RICHMOND DIRECTOR 1.00
Director
$0 $0 $0
KIM KELLEY DIRECTOR 1.00
Director
$0 $0 $0
ALLISON SERINA TREASURER 1.00
Officer Director
$0 $34,000 $34,000
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
2018 $56,606 $82,366 $722,024 $-25,760
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