SER QALICB (EIN 821289703) - 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

2017

Legal Domicile

Principal Officer

LILIANA RAMBO

Phone

7137736000

Tax Period

2023-09-01 to 2024-08-31

SER QALICB, founded in 2017, is a community nonprofit in the Education sector that reported $9.6M in total revenue in fiscal year 2023. Revenue surged 8588% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.1M, a strong 95% operating margin.

Mission

SER QALICB IS A TEXAS NONPROFIT CORPORATION AND IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE SUPPORT AND BENEFIT OF SER JOBS. SER QALICB WAS FORMED ON APRIL 19, 2017 AND QUALIFIES AS AN ACTIVE LOW INCOME COMMUNITY BUSINESS FOR THE PURPOSE OF PARTICIPATING IN A NEW MARKETS TAX CREDIT ("NMTC") TRANSACTION TO COMPLETE THE FINANCING OF THE RENOVATION OF A 22,000 SQUARE FOOT OFFICE BUILDING THAT HOUSES SER JOBS FOR PROGRESS OF THE TEXAS GULF COAST, A TEXAS NONPROFIT CORPORATION, WHICH PROVIDES THE COMMUNITY WITH ACCESS TO CAREER TRAINING, FINANCIAL EMPOWERMENT SERVICES, AND DIRECT ACCESS TO JOBS, LOCATED AT 1710 TELEPHONE ROAD, HOUSTON, TEXAS 77023.THE NMTC MET THE SEVEN-YEAR COMPLIANCE PERIOD AND WAS UNWOUND ON JULY 18, 2024.

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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 $0

Program Service Revenue $0

Investment Income $9,540,454

Other Revenue $104,061

TOTAL REVENUE $9,644,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $442,768

Other Expenses $514,306

TOTAL EXPENSES $514,306

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,644,515	$111,012	+85.9%
Expenses	$514,306	$493,310	+0.0%
Net Income	$9,130,209	$-382,298	-24.9%

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

$559,377

Total Directors

$436,507

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE VILLAREAL	CHAIRMAN	2.00	Director	$0	$0	$0
CRUZ HINOJOSA	TREASURER	2.00	Director	$0	$0	$0
SHEROO MUKHTIAR	DIRECTOR (CEO, SER JOBS)	2.00	Officer Director	$0	$7,031	$241,064
JOHN TORRES	DIRECTOR (CFO, SER JOBS)	2.00	Officer Director	$0	$0	$53,172
SONIA MEDRANO	SECRETARY	2.00	Director	$0	$0	$0
LEIGHTON CHANG	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH WILSON	DIRECTOR (CAO, SER JOBS)	2.00	Officer Director	$0	$14,017	$142,271
GERALD EATON	DIRECTOR (CFO, SER JOBS)	2.00	Officer	$0	$12,386	$122,870

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	$9,644,515	$514,306	$7,366,961	$9,130,209
2023	$111,012	$493,310	$8,029,429	$-382,298
2022	$110,460	$486,492	$8,189,823	$-376,032
2021	$109,910	$486,510	$8,545,530	$-376,600
2020	$109,363	$499,612	$8,878,937	$-390,249
2019	$106,201	$498,996	$9,253,202	$-392,795
2018	$16,767	$208,807	$10,517,300	$-192,040

SER QALICB