GOLD2023

Quality Life Concepts Inc

Supporting Children & Adults with Developmental Disabilities Since 1977

aka QLC   |   GREAT FALLS, MT   |  qlc-gtf.org
GuideStar Charity Check

Quality Life Concepts Inc

EIN: 81-0366158


Mission

Quality Life Concepts’ mission is to provide services to children and adults with developmental disabilities within their homes and the community by promoting individualized and creative supports that stimulate lifelong growth and development. QLC believes that with a supportive and safe environment, every person has the ability to attain their maximum level of achievement.

Ruling year info

1979

Chief Executive Officer

Lori Wertz

Main address

PO BOX 2506

GREAT FALLS, MT 59403 USA

Show more contact info

EIN

81-0366158

Subject area info

Developmental disability services

Population served info

Adults

People with disabilities

NTEE code info

Developmentally Disabled Services/Centers (P82)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Residential Services

Clients in our Residential Services receive 24/7 support in one of our group homes. Services provide include but are not limited to: daily hygiene, meal preparation, medication administration, transportation and liaisons for medical appointments & leisurely outings, laundry, housekeeping.

Population(s) Served
Adults
People with disabilities

Where we work

Financials

Quality Life Concepts Inc
Fiscal year: Jul 01 - Jun 30
Financial documents
2017 A-133 Single Audit
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

4.16

Average of 1.56 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

11.3

Average of 4 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

20%

Average of 22% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Quality Life Concepts Inc

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Quality Life Concepts Inc

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Quality Life Concepts Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Quality Life Concepts Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation -$193,553 -$171,048 $2,801,166 $1,592,000 $1,603,056
As % of expenses -2.7% -2.5% 46.0% 29.3% 29.9%
Unrestricted surplus (deficit) after depreciation -$499,251 -$425,480 $2,520,555 $1,366,764 $1,435,094
As % of expenses -6.6% -5.9% 39.6% 24.2% 26.0%
Revenue composition info
Total revenue (unrestricted & restricted) $7,100,778 $6,699,217 $8,719,149 $7,337,307 $6,016,152
Total revenue, % change over prior year -12.3% -5.7% 30.2% -15.8% -18.0%
Program services revenue 1.2% 1.0% 0.6% 0.6% 0.5%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.5% 0.6% 0.4% 0.5% 1.7%
Government grants 93.2% 89.7% 95.9% 14.7% 0.0%
All other grants and contributions 0.4% 0.2% 0.1% 79.4% 95.2%
Other revenue 4.6% 8.5% 3.2% 4.8% 2.5%
Expense composition info
Total expenses before depreciation $7,262,412 $6,933,586 $6,087,153 $5,426,145 $5,356,588
Total expenses, % change over prior year -9.7% -4.5% -12.2% -10.9% -1.3%
Personnel 80.1% 79.3% 78.3% 77.5% 76.5%
Professional fees 0.0% 0.0% 0.0% 0.0% 0.0%
Occupancy 7.6% 9.1% 8.1% 10.4% 9.8%
Interest 0.7% 0.7% 0.7% 0.6% 0.4%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 11.6% 10.9% 13.0% 11.5% 13.2%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $7,568,110 $7,188,018 $6,367,764 $5,651,381 $5,524,550
One month of savings $605,201 $577,799 $507,263 $452,179 $446,382
Debt principal payment $96,997 $141,446 $74,813 $50,382 $40,266
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $8,270,308 $7,907,263 $6,949,840 $6,153,942 $6,011,198

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 1.2 2.5 7.4 10.1 11.3
Months of cash and investments 1.3 2.6 7.5 10.2 11.4
Months of estimated liquid unrestricted net assets 1.9 1.5 6.7 11.4 14.8
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $739,272 $1,465,381 $3,752,290 $4,564,063 $5,057,914
Investments $32,430 $38,217 $42,910 $46,652 $50,211
Receivables $479,452 $598,462 $537,544 $496,661 $469,426
Gross land, buildings, equipment (LBE) $7,455,271 $6,841,761 $6,660,546 $6,236,034 $5,990,543
Accumulated depreciation (as a % of LBE) 55.4% 55.4% 56.0% 59.5% 59.0%
Liabilities (as a % of assets) 28.8% 41.4% 30.2% 15.5% 13.7%
Unrestricted net assets $3,444,882 $3,019,402 $5,539,957 $6,906,721 $8,341,815
Temporarily restricted net assets $120,710 N/A N/A N/A N/A
Permanently restricted net assets $756,165 N/A N/A N/A N/A
Total restricted net assets $876,875 $875,687 $879,245 $878,425 $9,531
Total net assets $4,321,757 $3,895,089 $6,419,202 $7,785,146 $8,351,346

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Chief Executive Officer

Lori Wertz

Number of employees

Source: IRS Form 990

Quality Life Concepts Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Quality Life Concepts Inc

Board of directors
as of 08/10/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Carol Shipley

Cody Wright

Kathy Asich

Len Nopen

Nancy Loncki

Phil Schroeder

Lindy Farrell

Tammy LaRoque

Cynthia Schield

Organizational demographics

SOURCE: Self-reported; last updated 8/10/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

There are no contractors recorded for this organization.

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser