INTERNATIONAL QUILT ASSOCIATIONINC

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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

1979

Legal Domicile

Principal Officer

NANCY O'BRYANT PUENTES

Phone

7137816864

Tax Period

2021-01-01 to 2021-12-31

INTERNATIONAL QUILT ASSOCIATIONINC, founded in 1979, is a micro nonprofit that reported $4K in total revenue in fiscal year 2021. Revenue fell 107% from the prior year — a significant decline worth monitoring.

Mission

ENCOURAGE AND PROMOTE THE ART OF QUILTING.

Program Service Accomplishments

Program 1

THE ANNUAL JUDGED SHOW RECOGNIZES OUTSTANDING ACCOMPLISHMENTS DURING THE YEAR IN THE ART OF QUILTING.

Program 2

THE JOURNAL PUBLICATION CONTAINS ARTICLES AND INFORMATION THAT PROMOTE THE ART OF QUILTING.

Program 3

QUILTAPALOOZA IS A SPECIAL EVENT HELD IN CONJUNCTION WITH THE ANNUAL JUDGED SHOW TO PROMOTE THE ART OF QUILTING.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-4,077

Other Revenue $225

TOTAL REVENUE $-3,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,198

Other Expenses $39,821

TOTAL EXPENSES $39,821

Year-over-Year Comparison

	2021	2020	Change
Revenue	$-3,852	$57,583	-1.1%
Expenses	$39,821	$47,588	-0.2%
Net Income	$-43,673	$9,995	-5.4%

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
KAREY BRESENHAN	FOUNDER	N/A	Director	$0	$0	$0
NANCY O'BRYANT PUENTES	FOUNDER	N/A	Director	$0	$0	$0
STEVEN JEFFERY	V.P. EDUCATI	N/A	Officer	$0	$0	$0
NANCY JEWELL	SECRETARY	N/A	Officer	$0	$0	$0
JENNIFER KELTNER	PRESIDENT	N/A	Officer	$0	$0	$0
MICHELE MUSKA	V.P. FINANCE	N/A	Officer	$0	$0	$0
CHERYL SLEBODA	V.P. MEMBERS	N/A	Officer	$0	$0	$0
RICKY TIMS	TREASURER	N/A	Officer	$0	$0	$0
HEATHER VALENTINE	V.P. PUBLIC	N/A	Officer	$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
2021	$-3,852	$39,821	No data	$-43,673
2020	$57,583	$47,588	$87,363	$9,995
2019	$363,030	$316,819	$98,271	$46,211
2018	$288,516	$302,445	$50,499	$-13,929