QUALITY CARE HEALTH FOUNDATION INC

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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

1983

Legal Domicile

Principal Officer

CASSIE DUNHAM

Phone

9164416400

Tax Period

2024-01-01 to 2024-12-31

QUALITY CARE HEALTH FOUNDATION INC, founded in 1983, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $4.2M exceeded revenue, resulting in a 235% operating deficit.

Mission

TO ORGANIZE, PROMOTE AND PROVIDE VARIOUS EDUCATIONAL OPPORTUNITIES ON SUBJECTS APPROPRIATE TO THE FIELD OF LONG-TERM CARE AND TO ENGAGE IN SUCH CHARITABLE, SCIENTIFIC RESEARCH AND EDUCATIONAL ACTIVITIES AS THE BOARD OF TRUSTEES OF THIS CORPORATION MAY DETERMINE.

Program Service Accomplishments

Program 1

Expenses: $458,990 Revenue: $605,792

EDUCATIONAL PROGRAMS AND PUBLICATIONS INCLUDE PRESENTING EDUCATIONAL PROGRAMS, SEMINARS AND PUBLICATIONS TO MEMBERS OF THE LONG-TERM HEALTH CARE INDUSTRY.

Program 2

Expenses: $3,563,893 Revenue: $171,308

TO RECRUIT, TRAIN AND RETAIN PROFESSIONAL CAREGIVERS THROUGH EXISTING HEALTH CARE FACILITIES. PROGRAM TRAINS CANDIDATES TO BECOME CERTIFIED NURSES ASSISTANTS.

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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 $461,694

Program Service Revenue $777,100

Investment Income $129

Other Revenue $15,652

TOTAL REVENUE $1,254,575

Expense Breakdown

Grants Paid $10,293

Salaries & Benefits $471,912

Fundraising Expenses $0

Program Expenses $4,022,883

Other Expenses $3,724,514

TOTAL EXPENSES $4,206,719

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,254,575	$1,400,152	-0.1%
Expenses	$4,206,719	$1,994,734	+1.1%
Net Income	$-2,952,144	$-594,582	+4.0%

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

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

$126,511

Total Directors

$761,359

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLAN ENGELAUF	CHAIRMAN	0.10	Officer Director	$0	$0	$0
STEVE FLOOD	VICE CHAIRMAN	0.10	Officer Director	$0	$0	$0
CASSIE DUNHAM	TRUSTEE (FROM DEC 2024)	2.00	Director	$0	$7,928	$101,829
LORI COOPER	TRUSTEE	0.10	Director	$0	$0	$0
CALVIN CALLAWAY	TRUSTEE	0.10	Director	$0	$0	$0
JULIE BUTENKO	TRUSTEE	0.10	Director	$0	$0	$0
MATTHEW YARWOOD	TRUSTEE	0.10	Director	$0	$0	$0
MATTHEW STEVENSON	TRUSTEE	1.10	Director	$0	$0	$0
HOLLY JOHNSON	TRUSTEE	0.10	Director	$0	$0	$0
TERRY SHEETS	TRUSTEE	0.10	Director	$0	$0	$0
CLARK NELSON	TRUSTEE	0.10	Director	$0	$0	$0
NAWZANEEN ZAHIR	TRUSTEE	0.10	Director	$0	$0	$0
MICHAEL WILLIAMS	TRUSTEE	0.10	Director	$0	$0	$0
MARK MERTZ	TRUSTEE	0.10	Director	$0	$0	$0
JOSEPH MICELI	TRUSTEE	0.10	Director	$0	$0	$0
HENRY OKONKWO	TRUSTEE	0.10	Director	$0	$0	$0
CRAIG CORNETT	TRUSTEE (THRU DEC 2024)	2.00	Director	$0	$88,791	$659,530
CLAIRE ENRIGHT	EXECUTIVE DIRECTOR	40.00	Officer	$117,792	$8,719	$126,511

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	$1,254,575	$4,206,719	$22,439,406	$-2,952,144
2023	$1,400,152	$1,994,734	$25,383,417	$-594,582
2022	$25,623,280	$889,917	$25,826,503	$24,733,363
2021	$551,401	$664,116	$1,079,962	$-112,715
2020	$1,083,195	$1,128,225	$1,213,331	$-45,030
2019	$2,082,520	$1,822,662	$1,102,699	$259,858
2018	$975,280	$1,068,660	$804,606	$-93,380