FRIENDS OF QUT IN AMERICA FOUNDATION

EIN: 822349343 501(c)(3)

NEW YORK, NY

Total Revenue
$582,666
Total Expenses
$592,946
Total Assets
N/A
Net Assets
N/A
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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
DE
Principal Officer
GREG CREED
Phone
6468670994
Tax Period
2023-01-01 to 2023-12-31

FRIENDS OF QUT IN AMERICA FOUNDATION, founded in 2017, is a small nonprofit that reported $583K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring.

Mission

THE PRIMARY MISSION OF THE ORGANIZATION IS TO SUPPORT EDUCATION BY FUNDING EDUCATIONAL PROGRAMS AND PROJECTS INCLUDING THE BEST RESEARCH WHICH HAS A POSITIVE IMPACT ON THE WORLD AROUND US.

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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 (2023)

Revenue Breakdown

Contributions & Grants $582,666
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $582,666

Expense Breakdown

Grants Paid $592,650
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $592,650
Other Expenses $296
TOTAL EXPENSES $592,946

Year-over-Year Comparison

2023 2022 Change
Revenue $582,666 $1,015,250 -0.4%
Expenses $592,946 $1,015,015 -0.4%
Net Income $-10,280 $235 -44.7%
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
1
Independent Members
1
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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG CREED DIRECTOR/PRESIDENT 0.50
Officer Director
$0 $0 $0
MARGO POWELL ASSISTANT SECRETARY 0.50
Officer
$0 $0 $0
MARK HARVEY SECRETARY 0.50
Officer
$0 $0 $0
NEIL AINSWORTH TREASURER 0.50
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
2023 $582,666 $592,946 No data $-10,280
2022 $1,015,250 $1,015,015 $10,280 $235
2021 $755,161 $1,174,447 $10,045 $-419,286
2020 $462,814 $50,177 $429,406 $412,637
2019 $256,907 $753,562 $16,735 $-496,655
2018 $513,382 $32 $513,350 $513,350
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