QUEST SCHOLARS PROGRAM INC (EIN 943348336) - 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

1999

Legal Domicile

Principal Officer

ANA ROWENA MALLARI

Phone

6503313280

Tax Period

2023-01-01 to 2023-12-31

QUEST SCHOLARS PROGRAM INC, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $11.3M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $10.3M left a modest 9% surplus.

Mission

LEADERSHIP PROGRAM FOR TALENTED, LOW-INCOME YOUTH PROVIDING ACCESS TO HIGHER EDUCATION.

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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 $1,763,850

Program Service Revenue $9,094,000

Investment Income $450,174

Other Revenue $0

TOTAL REVENUE $11,308,024

Expense Breakdown

Grants Paid $393,040

Salaries & Benefits $6,429,949

Fundraising Expenses $153,530

Program Expenses $8,590,650

Other Expenses $3,428,536

TOTAL EXPENSES $10,251,525

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,308,024	$9,373,048	+0.2%
Expenses	$10,251,525	$8,434,811	+0.2%
Net Income	$1,056,499	$938,237	+0.1%

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

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

$320,000

Total Directors

$320,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANA ROWENA MALLARI	CEO/BOARD CHAIR	40.00	Officer Director	$320,000	$0	$320,000
MICHAEL MCCULLOUGH	PRESIDENT/DIRECTOR	0.30	Officer Director	$0	$0	$0
BILL BRADLEY	DIRECTOR	0.25	Director	$0	$0	$0
TIM BRADY	DIRECTOR	1.25	Director	$0	$0	$0
FRANK BRUCATO	DIRECTOR	1.25	Director	$0	$0	$0
DENMARK WEST	DIRECTOR	0.25	Director	$0	$0	$0
DAVID MILLS	DIRECTOR	1.25	Director	$0	$0	$0
ISABEL CESANTO SAFIE	DIRECTOR	0.25	Director	$0	$0	$0
ROBERT STERNFELS	DIRECTOR	0.25	Director	$0	$0	$0
JUAN ENRIQUEZ	DIRECTOR	1.25	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	$11,308,024	$10,251,525	$21,622,865	$1,056,499
2022	$9,373,048	$8,434,811	$20,139,220	$938,237
2021	$9,171,706	$6,569,062	$18,833,898	$2,602,644
2020	$7,411,725	$5,228,505	$17,284,605	$2,183,220
2019	$6,122,870	$8,115,878	$14,813,349	$-1,993,008
2018	$5,911,026	$5,576,364	$16,576,789	$334,662

QUEST SCHOLARS PROGRAM INC