NEVER QUIT INITIATIVE

EIN: 884414763 501(c)(3) Housing & Shelter

LAS VEGAS, NV

Total Revenue
$506,426
Total Expenses
$6,322
Total Assets
$500,104
Net Assets
$500,104
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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
TX
Principal Officer
DARIN DAVIS
Phone
5124336325
Tax Period
2022-12-20 to 2022-12-31

NEVER QUIT INITIATIVE, founded in 2022, is a small nonprofit in the Housing & Shelter sector that reported $506K in total revenue in fiscal year 2022. The organization ran a surplus of $500K, a strong 99% operating margin.

Mission

IMPROVE THE LIVES OF LOW-INCOME INDIVIDUALS & FAMILIES BY PROVIDING FINANCIAL EDUCATION AND AFFORDABLE RENTALS FOR THE HISTORICALLY UNDERSERVED INDIVIDUALS AND FAMILIES, AS DEFINED BY HUD STANDARDS. THE NONPROFIT INTENDS TO SECURE REAL ESTATE OR COMPLETE SITE IMPROVEMENTS TO SUPPORT AFFORDABLE HOUSING DEVELOPMENT.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $506,422
Program Service Revenue $0
Investment Income $4
Other Revenue $0
TOTAL REVENUE $506,426

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $600
Other Expenses $6,322
TOTAL EXPENSES $6,322

Year-over-Year Comparison

2022 2021 Change
Revenue $506,426 N/A N/A
Expenses $6,322 N/A N/A
Net Income $500,104 N/A N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARIN DAVIS PRESIDENT, DIRECTOR 6.00
Officer Director
$0 $0 $0
KADEN DAVIS TREASURER, DIRECTOR 1.00
Officer Director
$0 $0 $0
EVERLY DAVIS VP, SECRETARY, DIRECTOR 1.00
Officer 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
2022 $506,426 $6,322 $500,104 $500,104
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