MQ FOUNDATION INC

EIN: 823922797 501(c)(3) Mental Health

NEW YORK, NY

Total Revenue
$973,387
Total Expenses
$1,310,646
Total Assets
$1,341,400
Net Assets
$573,806
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NY
Principal Officer
JOHN HERRMANN JR
Phone
8002080673
Tax Period
2023-01-01 to 2023-12-31

MQ FOUNDATION INC, founded in 2018, is a small nonprofit in the Mental Health sector that reported $973K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 35% operating deficit.

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 AND TREATMENT.

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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 $991,256
Program Service Revenue $0
Investment Income $2,493
Other Revenue $-20,362
TOTAL REVENUE $973,387

Expense Breakdown

Grants Paid $775,000
Salaries & Benefits $371,942
Fundraising Expenses $156,191
Program Expenses $934,774
Other Expenses $163,704
TOTAL EXPENSES $1,310,646

Year-over-Year Comparison

2023 2022 Change
Revenue $973,387 $1,898,686 -0.5%
Expenses $1,310,646 $1,739,216 -0.2%
Net Income $-337,259 $159,470 -3.1%
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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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
10

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
3
$317,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
HENRY BEDFORD DIRECTOR 0.50
Director
$0 $0 $0
RONA DAVIS DIRECTOR 0.50
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
ANN RICHMAN EXEC DIRECTOR/SECRETARY 35.00
Officer
$242,000 $75,000 $317,000
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 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
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