QUEEN VILLAGE NEIGHBORS ASSOCIATION

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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

1969

Legal Domicile

Principal Officer

CAIT ALLEN

Phone

2153390975

Tax Period

2023-01-01 to 2023-12-31

QUEEN VILLAGE NEIGHBORS ASSOCIATION, founded in 1969, is a small nonprofit in the Community Improvement sector that reported $195K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $224K exceeded revenue, resulting in a 15% operating deficit.

Mission

QVNA PROVIDES COMMUNITY STEWARDSHIP, ADVOCACY AND SERVICES TO HELP IMPROVE QUALITY OF LIFE FOR QUEEN VILLAGE RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $108,204 Revenue: $675

PROVIDING COMMUNITY GRANTS TO ORGANIZED VOLUNTEER GROUPS AND PUBLIC SCHOOLS FOR PROJECTS, PROGRAMS, AND ACTIVITIES THAT SUPPORT QVNA'S MISSION OF HELPING IMPROVE QUALITY OF LIFE FOR RESIDENTS...

PROVIDING COMMUNITY GRANTS TO ORGANIZED VOLUNTEER GROUPS AND PUBLIC SCHOOLS FOR PROJECTS, PROGRAMS, AND ACTIVITIES THAT SUPPORT QVNA'S MISSION OF HELPING IMPROVE QUALITY OF LIFE FOR RESIDENTS. SPONSORSHIP OF AFTER- SCHOOL, EXTRACURRICULAR, AND LEARNING ENRICHMENT PROGRAMS FOR NEIGHBORHOOD CHILDREN. CONTRIBUTION FOR BUILDING REPAIRS AND MAINTENANCE FOR OUR POLICE MINI-STATION WHICH ARE NOT FUNDED BY THE CITY. DEVELOPMENT AND BEAUTIFICATION PROGRAMS FOR PARKS AND PLAYGROUNDS AND OTHER SHARED SPACES.

Program 2

Expenses: $32,776

PUBLICATION OF A COMMUNITY MAGAZINE, QUEEN VILLAGE QUARTERLY CRIER. ARTICLES AND PHOTOS ARE CONTRIBUTED BY VOLUNTEERS. EACH ISSUE INCLUDES CONTENT ABOUT ISSUES IMPACTING RESIDENTS' QUALITY OF LIFE...

PUBLICATION OF A COMMUNITY MAGAZINE, QUEEN VILLAGE QUARTERLY CRIER. ARTICLES AND PHOTOS ARE CONTRIBUTED BY VOLUNTEERS. EACH ISSUE INCLUDES CONTENT ABOUT ISSUES IMPACTING RESIDENTS' QUALITY OF LIFE; ACTIVITIES PERFORMED BY NEIGHBORHOOD VOLUNTEERS; BOARD AND COMMITTEE WORK; QVNA'S SEASONAL OPPORTUNITIES FOR NEIGHBORS TO ENGAGE IN CLEAN AND GREEN ACTIVITIES; STORIES ABOUT SCHOOL AND LEARNING ENRICHMENT PROGRAMS; RECAPS OF COMMUNITY MEETINGS WITH CITY AND STATE OFFICIALS; AND OTHER LOCAL INTERESTS. 3,400 COPIES OF THE MAGAZINE ARE DISTRIBUTED DOOR-TO-DOOR BY 90 COMMUNITY VOLUNTEERS.

Program 3

Expenses: $20,075

REMOVAL OF LITTER AND LEAVES FROM STORM DRAINS AND STREET CURBS. REMOVAL OF GRAFFITI FROM SHARED NEIGHBORHOOD SPACES THROUGHOUT THE NEIGHBORHOOD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $29,594

Program Service Revenue $18,685

Investment Income $1,144

Other Revenue $145,974

TOTAL REVENUE $195,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,294

Fundraising Expenses $4,828

Program Expenses $166,700

Other Expenses $158,811

TOTAL EXPENSES $224,105

Year-over-Year Comparison

	2023	2022	Change
Revenue	$195,397	$278,787	-0.3%
Expenses	$224,105	$302,334	-0.3%
Net Income	$-28,708	$-23,547	+0.2%

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

Employees

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

$37,301

Total Directors

$4,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCY ERDELAC	EXECUTIVE DIRECTOR THROUGH 1/23	48.00	Officer	$4,414	$1,095	$5,509
KATHERINE MICKLOW HARWAN	EXECUTIVE DIRECTOR-2/23- 8/23	48.00	Officer	$31,792	$0	$31,792
CAIT ALLEN	PRESIDENT	20.00	Officer Director	$0	$0	$0
CHRIS MULLEN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MATT ATKINS	SECRETARY	3.00	Officer Director	$0	$0	$0
PHILIP HOLZHAUER	TREASURER	3.00	Officer Director	$0	$0	$0
DANIEL DOYLE	DIRECTOR	2.00	Director	$0	$0	$0
DON FINLEY	DIRECTOR	2.00	Director	$0	$0	$0
MAE JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
MIKE MCPHILMY	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG MORTON	DIRECTOR	2.00	Director	$0	$0	$0
THOM NORFLEET	DIRECTOR JUNE 2023 THROUGH SEPT 2023	2.00	Director	$0	$0	$0
DANIEL ORR	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE LARASH TORCIVIA	DIRECTOR THROUGH MAY 2023	1.00	Director	$4,950	$0	$4,950
KIMBERLY VO	DIRECTOR FROM JUNE 2023	2.00	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
2024	No data	No data	No data	No data
2023	$195,397	$224,105	$201,020	$-28,708
2022	$278,787	$302,334	$231,451	$-23,547
2021	$347,570	$266,495	$253,819	$81,075
2020	$246,174	$214,800	$173,000	$31,374
2019	$247,328	$242,392	$140,826	$4,936
2018	$215,696	$249,047	$135,891	$-33,351