Quality of Life Inc (EIN 813330208) - 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

2016

Legal Domicile

Principal Officer

Deuene K Hickman III

Phone

7579982100

Tax Period

2024-01-01 to 2024-12-31

Quality of Life Inc, founded in 2022, is a small nonprofit that reported $177K in total revenue in fiscal year 2022. Revenue surged 1535% from the prior year, signaling strong growth momentum. The organization ran a surplus of $109K, a strong 62% operating margin.

Mission

Our mission is to empower youth and their families by cultivating mental wellness, resilience, and empowerment across our communities. Through education, advocacy, and community engagement, we are dedicated to promoting holistic well-being, eradicating stigma, and expanding access to quality mental health services for all.

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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 $250,096

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $250,096

Expense Breakdown

Grants Paid $46,054

Salaries & Benefits $166,505

Fundraising Expenses $0

Program Expenses $266,382

Other Expenses $132,683

TOTAL EXPENSES $345,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,096	$334,412	-0.3%
Expenses	$345,242	$274,556	+0.3%
Net Income	$-95,146	$59,856	-2.6%

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

N/A

Independent Members

N/A

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
Deuene Hickman	President	30.00	Director	$0	$0	$0
Danita Love	Board Chair	1.00	Officer	$0	$0	$0
Jill Clarke	Board Vice Chair	1.00	Officer	$0	$0	$0
Lauren Gaddy	Board Member	1.00	Officer	$0	$0	$0
Habi Abubakar	Board Member	1.00	Officer	$0	$0	$0
Tiffany Wilson	Board Member	1.00	Officer	$0	$0	$0
Michael Babb	Board Member	1.00	Officer	$0	$0	$0
Hannah Barber	Board Member	1.00	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
2024	$250,096	$345,242	$76,360	$-95,146
2023	$334,412	$274,556	$171,506	$59,856
2022	$176,612	$67,205	$111,650	$109,407

Quality of Life Inc