FRIENDS OF QUT IN AMERICA FOUNDATI… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $272,641

TO SUPPORT CORAL BOTS PLATFORMS AT QUEENSLAND UNIVERISTY

Program 2

Expenses: $310,000

TO SUPPORT LEARNING POTENTIAL FUND AT QUEENSLAND UNIVERSITY.

Program 3

Expenses: $10,009 Revenue: $0

TO SUPPORT GENERAL OPERATIONS AT QUEENSLAND UNIVERSITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
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

FRIENDS OF QUT IN AMERICA FOUNDATION