Quality Connections Inc (EIN 861000271) - 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

1999

Legal Domicile

Principal Officer

JAMES CARPENTER

Phone

9287738787

Tax Period

2024-01-01 to 2024-12-31

Quality Connections Inc, founded in 1999, is a community nonprofit in the Human Services sector that reported $8.0M in total revenue in fiscal year 2024.

Mission

Our mission is to provide quality support and employment services to individuals with disabilities and disadvantages in order to increase both their independence and their participation in our community.

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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 $414,771

Program Service Revenue $7,577,814

Investment Income $23,643

Other Revenue $0

TOTAL REVENUE $8,016,228

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,329,483

Fundraising Expenses $87,239

Program Expenses $7,449,681

Other Expenses $2,693,626

TOTAL EXPENSES $8,023,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,016,228	$7,855,394	+0.0%
Expenses	$8,023,109	$8,128,620	0.0%
Net Income	$-6,881	$-273,226	-1.0%

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

265

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

$196,570

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CARPENTER	CFO	40.00	Officer	$109,424	$14,701	$124,125
ARMANDO BERNASCONI	President & CEO	40.00	Officer	$65,525	$6,920	$72,445
CANDACE OWENS	Director	1.00	Director	$0	$0	$0
GRETCHEN POVLSEN	Treasurer	1.00	Officer Director	$0	$0	$0
AL WHITE	Chairman	1.00	Officer Director	$0	$0	$0
JOHN HEICK	Director	1.00	Director	$0	$0	$0
GARY PEARLMUTTER	Director	1.00	Director	$0	$0	$0
REGINA SALAS	Director	1.00	Director	$0	$0	$0
HEATHER DALMOLIN	Director	1.00	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	$8,016,228	$8,023,109	$4,294,054	$-6,881
2023	$7,855,394	$8,128,620	$3,838,283	$-273,226
2022	$6,499,611	$6,838,377	$4,124,334	$-338,766
2021	$5,829,429	$5,264,576	$3,679,742	$564,853
2020	$4,741,185	$4,858,560	$916,144	$-117,375
2019	$4,456,182	$4,334,674	$946,963	$121,508
2018	$3,916,396	$4,056,335	$812,057	$-139,939

Quality Connections Inc