FIREHOUSE 23 QALICB (EIN 862988743) - 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

2021

Legal Domicile

Principal Officer

TAMARA HOWIE

Phone

2068124940

Tax Period

2023-01-01 to 2023-12-31

FIREHOUSE 23 QALICB, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $387K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $548K exceeded revenue, resulting in a 42% operating deficit.

Mission

QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS IN SUPPORT OF THE HISTORICAL FIREHOUSE 23 IN THECENTRAL DISTRICT OF SEATTLE.

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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 $2,875

Program Service Revenue $383,749

Investment Income $0

Other Revenue $0

TOTAL REVENUE $386,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $547,592

Other Expenses $547,592

TOTAL EXPENSES $547,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,624	$414,175	-0.1%
Expenses	$547,592	$343,672	+0.6%
Net Income	$-160,968	$70,503	-3.3%

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

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

$219,941

Total Directors

$219,941

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUANE LANDON	TREASURER THRU 11/23	1.00	Officer Director	$0	$11,842	$116,095
TAMARA HOWIE	PRESIDENT	0.30	Officer Director	$0	$0	$0
ROCALE TIMMONS	DIRECTOR THRU 11/23	0.30	Director	$0	$0	$0
MARCIA SOIKA-WRIGHT	BOARD DIRECTOR	0.30	Director	$0	$0	$0
CHRIS PERSONS	DIRECTOR THRU 11/23	0.30	Director	$0	$0	$0
ANGELA GRIFFIN	SECRETARY & TREASURER FROM 11/23	1.00	Officer Director	$0	$0	$103,846
DARRELL POWELL	DIRECTOR FROM 11/23	0.30	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	$386,624	$547,592	$13,223,806	$-160,968
2022	$414,175	$343,672	$13,368,925	$70,503
2021	$1,626,484	$150,696	$14,279,507	$1,475,788

FIREHOUSE 23 QALICB