Tabitha Quest Inc

Nonprofit profile at a glance

EIN
850728308
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Salem, NH, USA
Phone
5182290422
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Economic Development

Official website

Reported finances

Revenue
$300,300
Expenses
$279,369
Assets
$101,368
Liabilities
$71,853

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • MARK MACDONALD (CEO/TREASURER)

Highest reported compensation

  • MARK MACDONALD (CEO/TREASURER): $180,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Tabitha quest's mission is to make life-saving biologic medicines for rare and chronic diseases affordable and accessible, and to ensure they can be produced in america. (continued on schedule o)it partners with public and private sector entities to remove barriers and make more effective therapies available to patients.

What it reported doing in 2025

Kore venture pathway (2023-current): the kore venture pathway is a 4-module, 4 month leadership development and personal transformational experience for next gens that takes participants on a peer learning journey of self-discovery and designed personal growth plan.it is a peer-based learning journey through which young inheritors discover their identity, character, purpose, meaning, and joy as they navigate the complexities and opportunities of wealth. The pathway model is based on a 50+ list of outcome-based indicators and combines either a virtual or destination-based delivery offering that is facilitated in a group forum and enhanced by a one-to-one coaching relationship.(continued on schedule o)in late 2023, kore provided coaching service to individuals who needed guidance and strategies tailored to their needs. Kore continued this service in 2024 and 2025.fiscal year 2025 is the final year in which the corporation provided its kore venture educational programs for rising gen leaders of wealthy families. These services are being reconsidered in 2026 as the corporation launches a new initiative focused on addressing one of the most significant public health challenges in the united states: expanding patient access to life-saving biologic medicines for rare and chronic diseases. The corporation will collaborate with public- and private-sector entities to remove barriers to the development, domestic production, and availability of effective therapies and medicines.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 70
  • Accountability: 76
  • Sustainability: 30
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.4%; rating input score 76
  • Program expense ratio: 82.1%; rating input score 82
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 21st percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 7%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.36; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0.71; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 64.4%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -6.5% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: 1.5% per year; rating input score 100; 28th percentile among comparable filings
  • Asset growth: -52% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 76.4% of revenue deployed · 82.1% of spending went to programs
  • Governance: 2 of 3 board members independent · 7 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $229K in reported program spending
  • Leadership: top reported pay $180K · 3 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules · includes major donors and executive pay
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • Review — Sustainability: Operating margin scored 51/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.