Welcome House QALICB Inc (EIN 922970846) - 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

Principal Officer

Jamie Boyle

Phone

8164720762

Tax Period

2023-03-01 to 2023-12-31

Welcome House QALICB Inc, founded in 2023, is a community nonprofit in the Mental Health sector that reported $1.3M in total revenue in fiscal year 2023. The organization ran a surplus of $1.2M, a strong 91% operating margin.

Mission

Welcome House QALICB, Inc. was created to operate exclusively for the benefit of, to perform the functions of, and to carry out the purposes of Welcome House, Inc., an organization recognized by the IRS as being described in Section 501(c)(3) of the Internal Revenue Code.

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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 $1,120,809

Program Service Revenue $0

Investment Income $35,910

Other Revenue $114,603

TOTAL REVENUE $1,271,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $115,498

Other Expenses $115,766

TOTAL EXPENSES $115,766

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,271,322	N/A	N/A
Expenses	$115,766	N/A	N/A
Net Income	$1,155,556	$0	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

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

$169,121

Total Directors

$169,121

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jamie Boyle	President, CEO and Treasurer	1	Officer Director	$0	$4,404	$169,121
Rich McArdle	Co-Secretary	0.25	Officer Director	$0	$0	$0
John Hungerford	Co-Secretary	0.25	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
2024	No data	No data	No data	No data
2023	$1,271,322	$115,766	$14,815,556	$1,155,556

Welcome House QALICB Inc