INSTITUTE FOR THE QUANTITATIVE STUDY OF EQUITY INC (EIN 842719356) - 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

JUDE HIGDON

Phone

3238288258

Tax Period

2023-01-01 to 2023-12-31

INSTITUTE FOR THE QUANTITATIVE STUDY OF EQUITY INC, founded in 2019, is a small nonprofit in the Education sector that reported $481K in total revenue in fiscal year 2023. Revenue surged 325% from the prior year, signaling strong growth momentum. The organization ran a surplus of $185K, a strong 38% operating margin.

Mission

THE INSTITUTE FOR THE QUANTITATIVE STUDY OF INCLUSION, DIVERSITY, AND EQUITY (QSIDE) USES THE CUTTING EDGE OF DATA SCIENCE AND MATHEMATICAL MODELING TO FOCUS THAT LIGHT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $461,513

Program Service Revenue $10,000

Investment Income $6,155

Other Revenue $3,024

TOTAL REVENUE $480,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $287,699

Other Expenses $295,905

TOTAL EXPENSES $295,905

Year-over-Year Comparison

	2023	2022	Change
Revenue	$480,692	$113,037	+3.3%
Expenses	$295,905	$106,870	+1.8%
Net Income	$184,787	$6,167	+29.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD HIGDON-TOPAZ	PRESIDENT	5.00	Officer Director	$0	$0	$0
KAREN WALKER	DIRECTOR	2.00	Director	$0	$0	$0
ALISA MALONE	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$480,692	$295,905	$196,506	$184,787

INSTITUTE FOR THE QUANTITATIVE STUDY OF EQUITY INC