Marillac Qalicb Inc

Nonprofit profile at a glance

EIN
994842127
IRS 990 coverage
2024–2025
Forms available
Form 990 2025
Location
Grand Junction, CO, USA
Phone
9702001600
Rating
37
Verdict
REVIEW
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$196,579
Expenses
$427,926
Assets
$22,097,345
Liabilities
$20,958,019

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

Leadership & pay

3 people listed

Executive titles in this filing

  • LATA K RAMACHANDRAN (PRESIDENT)

Highest reported compensation

  • LATA K RAMACHANDRAN (PRESIDENT): $350,837 total reported compensation

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

Overview

Mission

The mission of marillac qalicb, inc. Is to be a supporting organization of marillac clinic, inc., a Colorado nonprofit corporation. Marillac qalicb supports marillac clinic by facilitating (continued on schedule o)the development and construction of a new healthcare facility through the federal new market tax credit program.

What it reported doing in 2025

Marillac qalicb's primary purpose is to facilitate the development and construction of a new healthcare facility (the project) that will enable marillac clinic to expand its healthcare services and improve access to essential medical care for underserved populations. Marillac qalicb will engage in the development, financing, and construction of a healthcare facility, designed to meet the needs of patients who face barriers to healthcare access, including economic, geographic, and social challenges.this new facility, located in grand junction, Colorado, will house expanded clinical and support services that marillac clinic provides. (continued on schedule o) marillac qalicb's activities are integral to marillac clinic's mission of providing quality, affordable healthcare services to the community, particularly for those with limited resources. Upon completion, marillac qalicb will lease the facility to marillac clinic at a rate aligned with fair market value, ensuring that it can sustainably support marillac clinic's operational needs. This leasing arrangement directly contributes to marillac clinic's ability to expand its services in the community without incurring significant upfront capital expenditures. This structure will enable marillac qalicb to support marillac clinic in fulfilling its tax-exempt purpose, while remaining aligned with marillac qalicb's own exempt purpose of promoting healthcare access for underserved communities. Marillac qalicb will oversee the design and construction phases of the new healthcare facility, ensuring the building meets all health, safety, and regulatory standards. The facility will be solely used for marillac clinic's charitable purposes, aligning with both organizations' missions. Marillac qalicb will manage ongoing maintenance and capital improvements as needed, ensuring the facility continues to serve its intended purpose and meets community healthcare needs.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 60
  • Accountability: 76
  • Sustainability: 33
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • 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: Fail
    • 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: Pass

Sustainability

  • Operating margin: -117.7%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 51.64; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.95; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 6.6%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 155.7% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: -5.3% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 2 of 3 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $351K · 3 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 17 of 17 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Sustainability: Officer compensation ratio scored 29/100.