ALBERTA, AL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FREEDOM QUILTING BEE LEGACY, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $443K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $167K, a strong 38% operating margin.
FREEDOM QUILTING BEE LEGACY WAS CREATED TO ENSURE THE HEROIC, HISTORIC, INNOVATIVE, ARTISITIC AND INCREDIBLE ODDS-BEATING WORK OF THE WOMEN OF THE ORIGINAL FQB ISN'T LOST TO HISTORY.
THE ORGANIZATION'S PRESENT ACTIVITIES ARE PURSUANT TO THEIR GOALS TO CELEBRATE AND TEACH ABOUT THE WORK AND ACCOMPLISHMENTS OF THOSE WOMEN (AND MEN) PAST, PRESENT, AND FUTURE, WHO MADE THE BEE SUCH A...
THE ORGANIZATION'S PRESENT ACTIVITIES ARE PURSUANT TO THEIR GOALS TO CELEBRATE AND TEACH ABOUT THE WORK AND ACCOMPLISHMENTS OF THOSE WOMEN (AND MEN) PAST, PRESENT, AND FUTURE, WHO MADE THE BEE SUCH A POWERFUL ARTISTIC AND COMMUNITY FORCE; TO OFFER REAL ECONOMIC OPPORTUNITIES FOR A NEW GENERATION OF QUILT MAKERS AND ARTISANS; TO PROVIDE SOLUTIONS TO COMMUNITY NEEDS, SUCH AS INTERNET ACCESS AND VOTER REGISTRATION FOR THOSE WHO OTHERWISE COULDN'T ACCESS IT; TO ADVANCE PLANS TO DRAW TOURISM TO THE AREA AND OFFER A DEEPER EXPERIENCE OF THE FQB LEGACY HISTORY AND CURRENT ACTIVITIES, WITH SHOPS, LODGING, CLASSES AND INTERACTIVE EXHIBITS; AND TO PRESERVE THE PAST AND EVOLVE INTO THE FUTURE BY CREATING JOBS, BUILDING WEALTH AND TEACHING LIFE SKILLS TO ENHANCE OUR COMMUNITY. THE EXECUTIVE DIRECTOR DONATES HER SERVICES TO THE ORGANIZATION. THE VALUE OF THESE SERVICES IS $180,000.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $443,029 | $299,456 | +0.5% |
| Expenses | $276,469 | $123,145 | +1.2% |
| Net Income | $166,560 | $176,311 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LOUISE W WILLIAMS | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHELIA SMITH | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATTIE IRBY | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TAYLOR IRBY | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LORETTA BENNETT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MINNIE GRACE WILLIAMS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GLORIA CAREY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LONNIE BROWN JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ELAINE WILLIAMS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KIM KELLY | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $443,029 | $276,469 | $680,197 | $166,560 |
| 2023 | $299,456 | $123,145 | $445,077 | $176,311 |
| 2021 | $284,113 | $12,971 | $271,182 | $271,142 |
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