Pieceful Hearts Quilters Guild

EIN: 832366953 501(c)(3) Arts, Culture & Humanities

Hilton Head Island, SC

Total Revenue
$8,290
Total Expenses
$8,647
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
2019
Legal Domicile
SC
Principal Officer
ILLE WATERS
Phone
7064215877
Tax Period
2021-09-01 to 2022-08-31

Pieceful Hearts Quilters Guild, founded in 2019, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $8K in total revenue in fiscal year 2021. Revenue fell 66% from the prior year — a significant decline worth monitoring.

Mission

Prepare quilts for donation to charities to help children foundations or homeless foundations

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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 (2021)

Revenue Breakdown

Contributions & Grants $8,290
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $8,290

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $5,187
Program Expenses $2,500
Other Expenses $8,647
TOTAL EXPENSES $8,647

Year-over-Year Comparison

2021 2020 Change
Revenue $8,290 $24,382 -0.7%
Expenses $8,647 $15,239 -0.4%
Net Income $-357 $9,143 -1.0%
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
N/A
Independent Members
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PEPPY ANGELL President N/A
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
2022 $8,290 $8,647 No data $-357
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