QUALITY LIFE CONCEPTS (EIN 810366158) - 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

1977

Legal Domicile

Principal Officer

LORI WERTZ

Phone

4064529531

Tax Period

2023-07-01 to 2024-06-30

QUALITY LIFE CONCEPTS, founded in 1977, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2023. Expenses of $5.7M left a modest 12% surplus.

Mission

ASSIST THE DEVELOPMENTALLY DISABLED

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,053,963

Program Service Revenue $11,826

Investment Income $170,982

Other Revenue $189,257

TOTAL REVENUE $6,426,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,249,358

Fundraising Expenses $710

Program Expenses $5,644,913

Other Expenses $1,417,282

TOTAL EXPENSES $5,666,640

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,426,028	$6,016,152	+0.1%
Expenses	$5,666,640	$5,524,550	+0.0%
Net Income	$759,388	$491,602	+0.5%

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

152

Volunteers

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

$102,291

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL SHIPLEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
CODY WRIGHT	FORMER VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KATHY ASICH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CYNTHIA SCHIELD	SECRETARY	2.00	Officer Director	$0	$0	$0
NANCY LONCKI	BOARD MEMBER	2.00	Director	$0	$0	$0
PHIL SCHROEDER	BOARD MEMBER	2.00	Director	$0	$0	$0
LEN NOPEN	BOARD MEMBER	2.00	Director	$0	$0	$0
TAMMY LAROQUE	BOARD MEMBER	2.00	Director	$0	$0	$0
LINDY FARRELL	BOARD MEMBER	2.00	Director	$0	$0	$0
CYNTHIA BYERS	BOARD MEMBER	2.00	Director	$0	$0	$0
TODD NEIGHBOR	BOARD MEMBER	2.00	Director	$0	$0	$0
VICKIE ERICKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
LORI WERTZ	CEO	40.00	Officer	$94,792	$7,499	$102,291

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	$6,426,028	$5,666,640	$10,493,554	$759,388
2023	$6,016,152	$5,524,550	$9,680,612	$491,602
2022	$7,337,307	$5,651,381	$9,211,678	$1,685,926
2021	$8,719,149	$6,367,764	$9,198,073	$2,351,385
2020	$6,699,217	$7,188,018	$6,646,269	$-488,801
2019	$7,100,778	$7,568,110	$6,070,091	$-467,332
2018	$8,100,666	$8,365,486	$6,259,921	$-264,820

QUALITY LIFE CONCEPTS