MQ FOUNDATION INC

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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

2018

Legal Domicile

Principal Officer

JOHN HERRMANN JR

Phone

3472039207

Tax Period

2025-01-01 to 2025-12-31

MQ FOUNDATION INC, founded in 2018, is a community nonprofit in the Mental Health sector that reported $3.7M in total revenue in fiscal year 2025. Revenue surged 320% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 63% operating margin.

Mission

TO PROMOTE, ADVANCE, FOSTER AND SUPPORT MENTAL HEALTH RESEARCH INTO THE NATURE, CAUSE, DIAGNOSIS, TREATMENT, CURE AND PREVENTION OF ALL FORMS OF MENTAL ILLNESS AND TO PROMOTE PUBLIC AWARENESS AND SUPPORT FOR THIS IMPORTANT RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $870,299

IN 2025, THE ORGANIZATION MADE A GRANT OF $579,166 TO MQ: TRANSFORMING MENTAL HEALTH FOR THE 1ST PAYMENT ON 2024 FELLOWS GRANTS AND 1ST PAYMENT ON CLEVELAND CLINIC FELLOWS. MQF HAS ENTERED INTO A...

IN 2025, THE ORGANIZATION MADE A GRANT OF $579,166 TO MQ: TRANSFORMING MENTAL HEALTH FOR THE 1ST PAYMENT ON 2024 FELLOWS GRANTS AND 1ST PAYMENT ON CLEVELAND CLINIC FELLOWS. MQF HAS ENTERED INTO A SEPARATE GRANT AGREEMENT (THE MQF GRANT) WITH MQ:TRANSFORMING MENTAL HEALTH (MQTMH). THE MQF GRANT WILL FUND UP TO FOUR (4) FELLOWSHIPS IN NORTH AMERICA (I.E., UNITED STATES AND CANADA) (THE FELLOWSHIPS) TO CONDUCT RESEARCH IN THE AREA OF EMDR THERAPY AS PART OF A PROGRAM TO BE KNOWN AS THE EMDRIA-MQ FOUNDATION RESEARCH FELLOWSHIP PROGRAM (THE FELLOWSHIP PROGRAM)

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,692,349

Program Service Revenue $0

Investment Income $3,103

Other Revenue $-16,778

TOTAL REVENUE $3,678,674

Expense Breakdown

Grants Paid $579,166

Salaries & Benefits $408,106

Fundraising Expenses $195,568

Program Expenses $870,299

Other Expenses $375,721

TOTAL EXPENSES $1,362,993

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,678,674	$876,521	+3.2%
Expenses	$1,362,993	$639,737	+1.1%
Net Income	$2,315,681	$236,784	+8.8%

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

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

$335,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HERRMANN JR	CHAIRMAN & FOUNDER	2.00	Officer Director	$0	$0	$0
MICHAEL J HORVITZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
HAYDEN HOROWITZ	DIRECTOR	2.00	Officer Director	$0	$0	$0
SARAH PAPINEAU	DIRECTOR	0.50	Director	$0	$0	$0
CAROL WORTHMAN PHD	DIRECTOR	0.50	Director	$0	$0	$0
LISA YAHR	DIRECTOR	0.50	Director	$0	$0	$0
EVAN STIEGLITZ	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS O'CONNOR	DIRECTOR	0.50	Director	$0	$0	$0
EMILY HOLMES	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA RICCI	DIRECTOR	0.50	Director	$0	$0	$0
JULIA PINOVER KUPIEC	DIRECTOR	0.50	Director	$0	$0	$0
SAYANT CHATTERJEE	DIRECTOR	0.50	Director	$0	$0	$0
CATHERINE MCNEAR	DIRECTOR	0.50	Director	$0	$0	$0
ANN RICHMAN	EXEC DIRECTOR/SECRETARY	35.00	Officer	$335,500	$0	$335,500

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
2025	$3,678,674	$1,362,993	$3,231,900	$2,315,681
2024	No data	No data	No data	No data
2023	$973,387	$1,310,646	$1,341,400	$-337,259
2022	$1,898,686	$1,739,216	$1,588,021	$159,470
2021	$1,052,758	$505,921	$1,128,413	$546,837
2020	$398,781	$535,603	$314,722	$-136,822
2019	$592,698	$347,776	$342,686	$244,922