Quilting For Community (EIN 834632113) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

Dorothy Elizabeth Leral

Phone

8184772273

Tax Period

2024-01-01 to 2024-12-31

Quilting For Community, founded in 2019, is a small nonprofit in the Human Services sector that reported $224K in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $41K, a strong 18% operating margin.

Mission

To build community by teaching low-cost quilting and fiber arts classes in a creative, inclusive, inter-generational and multicultural environment. We give our quilts away as a symbol of hope, peace & encouragement to those in hospitals, hospice, and shelters.

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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 (2024)

Revenue Breakdown

Contributions & Grants $142,480

Program Service Revenue $81,844

Investment Income $1

Other Revenue $0

TOTAL REVENUE $224,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,647

Fundraising Expenses $0

Program Expenses $143,855

Other Expenses $150,995

TOTAL EXPENSES $183,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,325	$120,801	+0.9%
Expenses	$183,642	$114,035	+0.6%
Net Income	$40,683	$6,766	+5.0%

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

Governance

Voting Members

N/A

Independent Members

N/A

Employees

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

$30,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dorothy E Leral	President	40.00	Officer	$30,000	$0	$30,000
Donna Colleran	Treasurer	15.00	Officer	$0	$0	$0
Lisa Gularian	Board Member	15.00	Officer	$0	$0	$0
Ginger Page	Board Member	15.00	Officer	$0	$0	$0
Julie Kornblum	Board Chair	25.00	Officer	$0	$0	$0
Susan Yoon	Secretary	15.00	Officer	$0	$0	$0
Zorayda Lopez-Marcus	Board Member	15.00	Officer	$0	$0	$0
Linda Fujiu	Board Member	15.00	Officer	$0	$0	$0
Susan Shamban	Board Member	15.00	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
2025	No data	No data	No data	No data
2024	$224,325	$183,642	$98,086	$40,683

Quilting For Community