Civic Intelligence

Life Quest Inc

990 • Fiscal year 2016 • EIN 85-0228329

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 21, 2016

907 Pope StreetSilver City, NM 88061

(575) 388-1976

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.32x

Higher debt load relative to assets than 70% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

52nd percentile

0.12x

Higher debt load relative to revenue than 52% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

25th percentile

-7.5%

Higher net margin than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

26th percentile

-3.8%

Faster asset growth than 26% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

80th percentile

25%

Faster revenue growth than 80% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$939,758

Down $36,730 (-3.8%) from 2015

Net Assets

Down

$640,125

Down $191,028 (-23%) from 2015

Liabilities

Up

$299,633

Up $154,298 (+106%) from 2015

Revenue

Up

$2,543,355

Up $514,588 (+25%) from 2015

Expenses

Up

$2,734,383

Up $679,967 (+33%) from 2015

Net Income

Down

-$191,028

Down $165,379 (-645%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $1,327,969Liabilities 2011: $159,110Net Assets 2011: $1,168,8592011Assets 2012: $1,419,102Liabilities 2012: $341,217Net Assets 2012: $1,077,8852012Assets 2013: $1,327,732Liabilities 2013: $332,843Net Assets 2013: $994,8892013Assets 2014: $1,159,466Liabilities 2014: $302,664Net Assets 2014: $856,8022014Assets 2015: $976,488Liabilities 2015: $145,335Net Assets 2015: $831,1532015Assets 2016: $939,758Liabilities 2016: $299,633Net Assets 2016: $640,1252016Assets 2017: $1,052,264Liabilities 2017: $202,744Net Assets 2017: $849,5202017Assets 2018: $422,073Liabilities 2018: $53,532Net Assets 2018: $368,5412018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2016

Assets$939,758
Liabilities$299,633
Net Assets$640,125

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $3,297,658Expenses 2011: $3,476,469Net Income 2011: -$178,8112011Expenses 2012: $3,184,7092012Expenses 2013: $2,630,9752013Revenue 2014: $1,959,492Expenses 2014: $1,999,912Net Income 2014: -$40,4202014Revenue 2015: $2,028,767Expenses 2015: $2,054,416Net Income 2015: -$25,6492015Revenue 2016: $2,543,355Expenses 2016: $2,734,383Net Income 2016: -$191,0282016Revenue 2017: $3,225,569Expenses 2017: $3,016,173Net Income 2017: $209,3962017Revenue 2018: $1,233,103Expenses 2018: $1,712,029Net Income 2018: -$478,9262018Revenue 2019: $911Expenses 2019: $109,452Net Income 2019: -$108,5412019

Highlighted filing

2016

Revenue$2,543,355
Expenses$2,734,383
Net Income-$191,028
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 21, 2016
Return Version
2015v2.1
Gross Receipts
$2,581,298
Mission and Program Overview

Mission

Life Quest, Inc. is a community-based nonprofit organization. We are dedicated to empowering individuals and families with or at risk of developmental disabilities, to maximize their independence and foster their integration with the cmmunity.

Life Quest, Inc. is dedicated to empowering individual and families with or at risk for developmental disabilites, to maximize their independence and foster their integration with the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$540,821$518,405▼ $22,416
Accounts Receivable$250,687$307,190▲ $56,503
Savings and Temporary Cash Investments$175,047$104,634▼ $70,413
Prepaid Expenses and Deferred Charges$6,148$5,954▼ $194
Inventories for Sale or Use$3,785$3,575▼ $210
Total Assets$976,488$939,758▼ $36,730
Liabilities
Accounts Payable and Accrued Expenses$108,629$209,824▲ $101,195
Deferred Revenue-$54,941-
Other Liabilities$36,706$34,868▼ $1,838
Total Liabilities$145,335$299,633▲ $154,298
Net Assets / Fund Balance
Unrestricted Net Assets$831,153$640,125▼ $191,028
Total Net Assets Fund Balance$831,153$640,125▼ $191,028
Total Liabilities and Net Assets / Fund Balance$976,488$939,758▼ $36,730

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$430,966$376,126$807,092
Equipment$87,439$455,485$542,924
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christine CarilloPresident
Dr Richard Rodriquez PhDVice President
Pam GibsonBoard Member
William KnuttinenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$62,141
Program Service Revenue
$2,452,286
Investment Income
$2,825
Other Revenue
$26,103
All Other Contributions
$62,141
Change in Net Assets
$-191,028

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,543,355
Revenue Not Reported on Form 990
$37,943
Total Revenue per Audited Statements
$2,581,298
Total Revenue per Form 990
$2,543,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,519,800
Salaries, Compensation, and Employee Benefits$1,214,583
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,095,007$10,752-$1,105,759
Other Salaries and Wages$908,354$110,909-$1,019,263
Payroll Taxes$117,511$14,994-$132,505
Insurance$108,277$9,415-$117,692
Depreciation Depletion$47,464$25,558-$73,022
Occupancy$41,575$25,905-$67,480
Other Employee Benefits$56,213$6,602-$62,815
Travel$3,593$19,365-$22,958
Office Expenses$4,805$18,086-$22,891
Advertising$1,798$6,766-$8,564
Interest-$1,238-$1,238
Total Functional Expenses$2,465,145$269,238$0$2,734,383

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,772,326
Expenses per Audited Statements$2,734,383
Total Expenses per Form 990$2,734,383
Expenses Not Reported on Form 990$37,943
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$34,868
Annual Leave Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 12C

This policy requires complete disclosure of outside business activities of the officer or directors. An annual disclosure form with required updates is to be completed by the affected personnel, including staff and directors. Verification of the information may be independently undertaken by the CEO. Reports of possible violations are encouraged from staff with organizational recognition that there will be no adverse consequences to the reporting staff member.

Form 990, Part VI, Section B, Line 15B

The Board of Directors determines the compensation of the C.E.O. This is done after much discussion and comparisons to the local like type employees. The Board uses a Matrix System approach for these compensation matters.

Form 990, Part VI, Section C, Line 19

The agency will provide corporate information to any person or agency that makes a request to review its governing documents. This corporate information includes conflicts of interest, financial statements and other governing documents

Form 990, Part VI, Section B, Line 11

The 990 tax form information is reviewed with the Board of Directors at a board of directors meeting with the preparing CPA. The completed 990 Form and annual audit are then reviewed with the Board at the next Board Meeting and the CPA is available to answer all questions. A complete copy of the 990 Return is presented to the Board.

Filing and Contact Details

Filer

Filer Name
Life Quest Inc
EIN
85-0228329
Phone
5753881976
Address
907 POPE STREET, SILVER CITY, NM 88061

Signing Officer

Name
Debra Frasca
Title
CEO
Signed
2016-12-21
Discuss with paid preparer
Yes

Organization Details

Formed
1973
Legal Domicile
Nm
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Carney Foy CPA
Address
PO BOX 2331, SILVER CITY, NM 88062
Preparer
Carney Foy
Phone
5753883111
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 141,718, Grants and allocations 0, Revenue 144,588 RESPITE The agency recognizes the demands of caring for people with developmental disabilities and realizes that at time emergency and non-emergency short term relief is necessary for the family unit. The agency offers the family this needed Gift of Time.

Form 990, Part III, Line 4D

Program Service Expenses 132,032, Grants and allocations 0, Revenue 137,311 CONTRACT SERVICES The agency offers grounds keeping services to the community within their program environment.

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 24,778, Revenue 24,778 LOCAL GRANT To provide funding for capital outlay.

Financial Statement Notes

XI 2D

37,943 represents a reclass of revenue for cost of sales.

XII 2D

37,943 represents a reclass of expenses for cost of sales.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01986646
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02552242
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03090897
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03185050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt012852431
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt038
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0380
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0550
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0968
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt012852431
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02037596
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01986646
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02552242
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03090897
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03185050
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt012852431
IRS990ScheduleA/TotalSupportAmt012853399
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0430966
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0376126
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0807092
IRS990ScheduleD/EquipmentGrp/BookValueAmt087439
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0455485
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0542924
IRS990ScheduleD/ExpensesNotReportedAmt037943
IRS990ScheduleD/ExpensesSubtotalAmt02734383
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherExpensesIncludedAmt037943
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034868
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ANNUAL LEAVE PAYABLE
IRS990ScheduleD/OtherRevenueAmt037943
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueNotReportedAmt037943
IRS990ScheduleD/RevenueSubtotalAmt02543355
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt037,943 represents a reclass of revenue for cost of sales.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt137,943 represents a reclass of expenses for cost of sales.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XI 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1XII 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0518405
IRS990ScheduleD/TotalExpensesPerForm990Amt02734383
IRS990ScheduleD/TotalLiabilityAmt034868
IRS990ScheduleD/TotalRevenuePerForm990Amt02543355
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02581298
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02772326
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 141,718, Grants and allocations 0, Revenue 144,588 RESPITE The agency recognizes the demands of caring for people with developmental disabilities and realizes that at time emergency and non-emergency short term relief is necessary for the family unit. The agency offers the family this needed Gift of Time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Program Service Expenses 132,032, Grants and allocations 0, Revenue 137,311 CONTRACT SERVICES The agency offers grounds keeping services to the community within their program environment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Program Service Expenses 0, Grants and allocations 24,778, Revenue 24,778 LOCAL GRANT To provide funding for capital outlay.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3This policy requires complete disclosure of outside business activities of the officer or directors. An annual disclosure form with required updates is to be completed by the affected personnel, including staff and directors. Verification of the information may be independently undertaken by the CEO. Reports of possible violations are encouraged from staff with organizational recognition that there will be no adverse consequences to the reporting staff member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors determines the compensation of the C.E.O. This is done after much discussion and comparisons to the local like type employees. The Board uses a Matrix System approach for these compensation matters.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The agency will provide corporate information to any person or agency that makes a request to review its governing documents. This corporate information includes conflicts of interest, financial statements and other governing documents
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The 990 tax form information is reviewed with the Board of Directors at a board of directors meeting with the preparing CPA. The completed 990 Form and annual audit are then reviewed with the Board at the next Board Meeting and the CPA is available to answer all questions. A complete copy of the 990 Return is presented to the Board.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 11
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0976488
IRS990/TotalAssetsEOYAmt0939758
IRS990/TotalAssetsGrp/BOYAmt0976488
IRS990/TotalAssetsGrp/EOYAmt0939758
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt062141
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0269238
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02465145
IRS990/TotalFunctionalExpensesGrp/TotalAmt02734383
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0145335
IRS990/TotalLiabilitiesEOYAmt0299633
IRS990/TotalLiabilitiesGrp/BOYAmt0145335
IRS990/TotalLiabilitiesGrp/EOYAmt0299633
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0831153
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0640125
IRS990/TotalOtherProgSrvcExpenseAmt0273750
IRS990/TotalOtherProgSrvcGrantAmt024778
IRS990/TotalOtherProgSrvcRevenueAmt0306677
IRS990/TotalProgramServiceExpensesAmt02465145
IRS990/TotalProgramServiceRevenueAmt02452286
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02543355
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0976488
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0939758
IRS990/TravelGrp/ManagementAndGeneralAmt019365
IRS990/TravelGrp/ProgramServicesAmt03593
IRS990/TravelGrp/TotalAmt022958
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0831153
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0640125
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0907 POPE ST
IRS990/USAddress/CityNm0SILVER CITY
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd088061
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.LIFEQUESTNM.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DEBRA FRASCA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIFE QUEST INC
ReturnHeader/Filer/BusinessNameControlTxt0LIFE
ReturnHeader/Filer/EIN0850228329
ReturnHeader/Filer/PhoneNum05753881976
ReturnHeader/Filer/USAddress/AddressLine1Txt0907 POPE STREET
ReturnHeader/Filer/USAddress/CityNm0SILVER CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd088061
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARNEY FOY CPA

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