FTC QALICB INC (EIN 842654905) - 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

2020

Legal Domicile

Principal Officer

SARAH SKELTON

Phone

6017098963

Tax Period

2024-06-01 to 2025-05-31

FTC QALICB INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $245K in total revenue in fiscal year 2024. Expenses of $849K exceeded revenue, resulting in a 246% operating deficit.

Mission

TO DEVELOP AND CONSTRUCT A MUSEUM TO BENEFIT, SUPPORT, PERFORM, THE CHARITABLE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE PURPOSES, OF THE MISSISSIPPI CHILDREN'S MUSEUM.

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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 $12,155

Program Service Revenue $233,333

Investment Income $0

Other Revenue $0

TOTAL REVENUE $245,488

Expense Breakdown

Grants Paid $90,016

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $827,210

Other Expenses $759,349

TOTAL EXPENSES $849,365

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,488	$244,935	+0.0%
Expenses	$849,365	$780,562	+0.1%
Net Income	$-603,877	$-535,627	+0.1%

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

Governance

Voting Members

Independent Members

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

$285,060

Total Directors

$285,060

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN GARRARD	DIRECTOR	5.00	Officer Director	$0	$9,842	$153,464
SARAH SKELTON	DIRECTOR	5.00	Officer Director	$0	$9,182	$131,596
MARY PRESTON DUBBERLY	DIRECTOR	5.00	Officer Director	$0	$0	$0
JANET SPAIN	DIRECTOR	5.00	Officer Director	$0	$0	$0
BARBARA ZELLER	DIRECTOR	5.00	Officer 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
2025	$245,488	$849,365	$14,238,938	$-603,877
2024	$244,935	$780,562	$14,836,164	$-535,627
2023	$161,102	$780,062	$15,121,969	$-618,960
2022	$737,633	$773,951	$15,712,511	$-36,318
2021	$130,664	$234,484	$16,259,711	$-103,820
2020	$827,232	$113,514	$16,618,920	$713,718

FTC QALICB INC