AXIS HEALTH SYSTEM QALICB INC (EIN 921690774) - 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

2023

Legal Domicile

Phone

9703352222

Tax Period

2023-07-01 to 2024-06-30

AXIS HEALTH SYSTEM QALICB INC, founded in 2023, is a small nonprofit in the Human Services sector that reported $260K in total revenue in fiscal year 2023. Expenses of $935K exceeded revenue, resulting in a 259% operating deficit.

Mission

AXIS HEALTH SYSTEM QALICB, INC. (QALICB), IS A SUPPORTING ORGANIZATION OF SOUTHWEST COLORADO MENTAL HEALTH CENTER, INC., A COLORADO NONPROFIT CORPORATION, DBA AXIS HEALTH SYSTEM (AXIS). QALICB WAS FORMED SOLELY AND EXCLUSIVELY TO SUPPORT AXIS IN SECURING FUNDING FROM THE FEDERAL NEW MARKETS TAX CREDIT PROGRAM TO FINANCE THE ACQUISITION OF A NEW FACILITY IN DURANGO, CO.

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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 $0

Program Service Revenue $260,284

Investment Income $0

Other Revenue $0

TOTAL REVENUE $260,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $860,052

Other Expenses $935,129

TOTAL EXPENSES $935,129

Year-over-Year Comparison

	2023	2022	Change
Revenue	$260,284	N/A	N/A
Expenses	$935,129	$45,174	+19.7%
Net Income	$-674,845	$-45,174	+13.9%

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

$378,820

Total Directors

$221,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX CONRAD	PRESIDENT	3.0	Officer Director	$0	$40,103	$221,650
DOYLE FORRESTAL	SECRETARY/TREASURER	2.0	Officer Director	$0	$0	$0
ARNOLD SALAZAR	BOARD MEMBER	1.0	Director	$0	$0	$0
SHAK POWERS	BOARD MEMBER	1.0	Director	$0	$0	$0
RYAN PIERCE	VP OF FINANCE	1.0	Officer	$0	$19,213	$157,170

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
2025	No data	No data	No data	No data
2024	$260,284	$935,129	$28,748,367	$-674,845
2023	No data	$45,174	$29,206,250	No data

AXIS HEALTH SYSTEM QALICB INC