IQ FOR KIDS INC

EIN: 203988310 501(c)(3) Youth Development

Vancouver, WA

Total Revenue
$356,065
Total Expenses
$324,953
Total Assets
$51,549
Net Assets
$51,549
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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
2012
Legal Domicile
WA
Phone
3606953441
Tax Period
2020-10-01 to 2021-09-30

IQ FOR KIDS INC, founded in 2012, is a small nonprofit in the Youth Development sector that reported $356K in total revenue in fiscal year 2020. Revenue surged 447% from the prior year, signaling strong growth momentum. Expenses of $325K left a modest 9% surplus.

Mission

iQ for Kids was formed as a vehicle for iQ Credit Union employees & members to make charitable contributions, with an emphasis on contributions to organizations that benefit children.

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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 (2020)

Revenue Breakdown

Contributions & Grants $355,866
Program Service Revenue $0
Investment Income $0
Other Revenue $199
TOTAL REVENUE $356,065

Expense Breakdown

Grants Paid $324,953
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $324,953
Other Expenses $0
TOTAL EXPENSES $324,953

Year-over-Year Comparison

2020 2019 Change
Revenue $356,065 $65,052 +4.5%
Expenses $324,953 $94,753 +2.4%
Net Income $31,112 $-29,701 -2.0%
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
2
Independent Members
N/A
Employees
N/A
Volunteers
2

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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric Petracca President & Director 0.25
Director
$0 $0 $0
Sharon Eastman Secretary/Treasurer 0.25
Director
$0 $0 $0
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
2021 $356,065 $324,953 $51,549 $31,112
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