IQ FOR KIDS INC

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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

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 benefiting the local community, with an emphasis on contributions to organizations benefiting children. The directors of iQ for Kids are all directors or officers of iQ Credit Union & the credit union supports iQ for Kids with administrative & logistical assistance & staff time.

Program Service Accomplishments

Program 1

Expenses: $247,819 Revenue: $254,102

iQ for Kids partners with KGW to collects money for toys for kids at Christmas time. The money raised goes to KGW Toy Drive

Program 2

Expenses: $30,604 Revenue: $53,411

iQ for Kids holds a spirit week each year as a way to collect money to donate to charities that support children

Program 3

Expenses: $35,490 Revenue: $35,490

iQ for Kids - Dress Down is where employees of iQ Credit Union donate $5 from each paycheck to dress down on Fridays. The money raised goes to local charities benefiting 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%)

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

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