THE QUILTSS INSTITUTE

EIN: 832349701 501(c)(3)

FRANKLIN, TN

Total Revenue
$519,483
Total Expenses
$473,929
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
2018
Legal Domicile
TN
Principal Officer
CHARLA LONG
Phone
6155171256
Tax Period
2023-01-01 to 2023-12-31

THE QUILTSS INSTITUTE, founded in 2018, is a small nonprofit that reported $519K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $474K left a modest 9% surplus.

Mission

TO BUILD A MORE COMPETENT WORKFORCE, LEADING TO AN INCREASE IN THE QUALITY OF CARE AND QUALITY OF LIFE FOR THOSE RECEIVING LONG-TERM SERVICES AND SUPPORTS THROUGH THE CHOICES PROGRAM.

Program Service Accomplishments

Program 1
Expenses: $463,094 Revenue: $288,283

THE QUILTSS INSTITUTE SUPPORTED THE TENNESSEE BOARD OF REGENTS IN EMBEDDING ITS CURRICULUM INTO PARTICIPATING COMMUNITY COLLEGES AND COLLEGES OF APPLIED TECHNOLOGY. FURTHER, TRAINING WAS PROVIDED TO...

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THE QUILTSS INSTITUTE SUPPORTED THE TENNESSEE BOARD OF REGENTS IN EMBEDDING ITS CURRICULUM INTO PARTICIPATING COMMUNITY COLLEGES AND COLLEGES OF APPLIED TECHNOLOGY. FURTHER, TRAINING WAS PROVIDED TO PROFESSIONALS IN THE STATE OF ALABAMA THROUGH THE DEPARTMENT OF MENTAL HEALTH.

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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 $0
Program Service Revenue $288,283
Investment Income $-518,800
Other Revenue $750,000
TOTAL REVENUE $519,483

Expense Breakdown

Grants Paid $0
Salaries & Benefits $42,822
Fundraising Expenses $0
Program Expenses $463,094
Other Expenses $431,107
TOTAL EXPENSES $473,929

Year-over-Year Comparison

2023 2022 Change
Revenue $519,483 $403,020 +0.3%
Expenses $473,929 $865,912 -0.5%
Net Income $45,554 $-462,892 -1.1%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
Independent Members
2
Employees
1
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
1
$30,000
Total Directors
2
$30,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLA LONG PRESIDENT & 5.00
Officer Director
$30,000 $0 $30,000
KEITH PAYET SECRETARY & 0.00
Director
$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 $519,483 $473,929 No data $45,554
2022 $403,020 $865,912 $1,008,330 $-462,892
2021 $448,866 $1,005,029 $1,195,986 $-556,163
2020 $1,055,684 $728,078 $1,596,697 $327,606
2019 $1,013,008 $367,068 $1,661,241 $645,940
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