LIBERTY COUNTY SCHOOL DISTRICT QALICB INC (EIN 880845680) - 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

2022

Legal Domicile

Principal Officer

JODI BAILEY

Phone

8505262263

Tax Period

2024-01-01 to 2024-12-31

LIBERTY COUNTY SCHOOL DISTRICT QALICB INC, founded in 2022, is a micro nonprofit in the Community Improvement sector that reported $46K in total revenue in fiscal year 2024. Expenses of $703K exceeded revenue, resulting in a 1440% operating deficit.

Mission

ASSIST THE LIBERTY COUNTY SCHOOL DISTRICT BY SERVING AS QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS THAT IS OPERATED IN CONNECTION WITH THE SCHOOL BOARD TO FACILITATE THE FINANCING OF A PORTION OF THE COSTS ASSOCIATED WITH THE CONSTRUCTION OF THE LIBERY COUNTY HIGH SCHOOL AND RELATED FACILITIES USING THE NEW MARKETS TAX CREDITS.

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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 $0

Program Service Revenue $45,619

Investment Income $0

Other Revenue $0

TOTAL REVENUE $45,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $702,671

Other Expenses $702,671

TOTAL EXPENSES $702,671

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,619	$44,290	+0.0%
Expenses	$702,671	$708,670	0.0%
Net Income	$-657,052	$-664,380	0.0%

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
JODI BAILEY	DIRECTOR & P	N/A	Director	$0	$0	$0
CATHIA SMARJE	DIRECTOR & S	N/A	Director	$0	$0	$0
GREG SOLOMON	DIRECTOR & T	N/A	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	$45,619	$702,671	$23,845,270	$-657,052
2023	$44,290	$708,670	$24,511,761	$-664,380
2022	$28,542	$405,197	$4,525,169	$-376,655
2022	$33,868	$563,465	$25,184,251	$-529,597

LIBERTY COUNTY SCHOOL DISTRICT QALICB INC