THE QUILT CORPORATION NFP INC (EIN 844504755) - 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

DWAYNE DOUGLAS

Phone

6304641112

Tax Period

2024-01-01 to 2024-12-31

THE QUILT CORPORATION NFP INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $183K in total revenue in fiscal year 2024. Revenue surged 945% from the prior year, signaling strong growth momentum. Expenses of $158K left a modest 14% surplus.

Mission

TO HELP ADULTS AND YOUNG ADULTS SUCCEED IN EDUCATION, TRAINING, AS WELL AS IN LIFE THROUGH A UNIQUE, INDIVIDUALIZED LIFE-COACHING PROGRAM.

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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 $183,028

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $183,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,099

Fundraising Expenses $0

Program Expenses $130,520

Other Expenses $144,648

TOTAL EXPENSES $157,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$183,028	$17,516	+9.4%
Expenses	$157,747	$50,507	+2.1%
Net Income	$25,281	$-32,991	-1.8%

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

Volunteers

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

$11,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWAYNE DOUGLAS	PRESIDENT	20.00	Officer	$11,700	$0	$11,700
ZHORDAN RANDLE	SECRETARY	2.00	Officer	$0	$0	$0
VICTOR VOSS	TREASURER	2.00	Officer	$0	$0	$0
MARK WHITAKER	VICE-PRESIDE	2.00	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
2024	$183,028	$157,747	$33,574	$25,281
2023	$17,516	$50,507	$1,573	$-32,991
2022	$175,042	$176,892	$9,065	$-1,850
2021	$24,225	$167,394	$15,915	$-143,169
2020	$150,100	$3,511	$156,589	$146,589

THE QUILT CORPORATION NFP INC