DISCOVER QUINCY INC

EIN: 161682963

QUINCY, MA

Total Revenue
$242,114
Total Expenses
$275,814
Total Assets
$52,793
Net Assets
$52,793
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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
2003
Legal Domicile
MA
Principal Officer
THOMAS ANACONE
Phone
6176391117
Tax Period
2018-07-01 to 2019-06-30

DISCOVER QUINCY INC, founded in 2003, is a small nonprofit that reported $242K in total revenue in fiscal year 2018. Expenses of $276K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION PROMOTES TOURISM FOR THE CITY OF QUINCY.

Program Service Accomplishments

Program 1
Expenses: $260,288

PROMOTE THE CITY OF QUINCY VIA A NUMBER OF ADVERTISING VEHICLES AND MARKETING COLLATERAL THROUGH THE PLACEMENT OF ADS IN VARIOUS TOURISM PUBLICATIONS, ATTENDANCE AT TOURISM TRADE SHOWS, AND...

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PROMOTE THE CITY OF QUINCY VIA A NUMBER OF ADVERTISING VEHICLES AND MARKETING COLLATERAL THROUGH THE PLACEMENT OF ADS IN VARIOUS TOURISM PUBLICATIONS, ATTENDANCE AT TOURISM TRADE SHOWS, AND PRODUCTION AND DISTRIBUTION OF PRINTED MARKETING COLLATERAL.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $166,500
Program Service Revenue $75,614
Investment Income $0
Other Revenue $0
TOTAL REVENUE $242,114

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $260,288
Other Expenses $275,814
TOTAL EXPENSES $275,814

Year-over-Year Comparison

2018 2017 Change
Revenue $242,114 $233,107 +0.0%
Expenses $275,814 $283,946 0.0%
Net Income $-33,700 $-50,839 -0.3%
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
100

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
5
$66,154
Total Directors
15
$66,154
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS ANACONE TREASURER 2.00
Officer Director
$0 $0 $0
JANET BATSON PRESIDENT 2.00
Officer Director
$0 $0 $0
JOANNE DONDERO CLERK 2.00
Officer Director
$0 $0 $0
EDWARD FITZGERALD DIRECTOR 2.00
Director
$0 $0 $0
MAUREEN FOLEY DIRECTOR 2.00
Director
$0 $0 $0
AMY HUBER DIRECTOR 2.00
Director
$0 $0 $0
JOHN MCDONALD DIRECTOR 2.00
Director
$0 $0 $0
MARIANNE PEAK DIRECTOR 2.00
Director
$0 $0 $0
STEVE SECHY DIRECTOR 2.00
Director
$0 $0 $0
CARYN SMITH DIRECTOR 2.00
Director
$0 $0 $0
JULIE PAGANO DIRECTOR 2.00
Director
$0 $0 $0
MAUREEN GEARY EX-OFFICIO 2.00
Director
$0 $0 $0
RUTHIE DOLLARHIDE VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
SEAN COSTELLO EX-OFFICIO 2.00
Director
$0 $0 $0
MARGARET LAFOREST EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $0 $66,154
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
2019 $242,114 $275,814 $52,793 $-33,700
2018 $233,107 $283,946 $86,493 $-50,839
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