QUAD CITIES CULTURAL & EDUCATIONAL SUPPORTING CHARITABLE TRUST

EIN: 261114466 501(c)(3) Philanthropy & Grantmaking

BETTENDORF, IA

Total Revenue
$1,162,934
Total Expenses
$2,038,684
Total Assets
$35,194,950
Net Assets
$35,183,506
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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
2008
Legal Domicile
IA
Principal Officer
SHEA DOYLE
Phone
5633283351
Tax Period
2023-01-01 to 2023-12-31

QUAD CITIES CULTURAL & EDUCATIONAL SUPPORTING CHARITABLE TRUST, founded in 2008, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 75% operating deficit.

Mission

THE TRUST SHALL BE EXCLUSIVELY FOR THE CHARITABLE, CULTURAL, LITERARY, SCIENTIFIC, AND EDUCATIONAL PURPOSES NECESSARY TO PROVIDE SUPPORT TO IRC SEC 501(C)(3) ORGANIZATIONS LOCATED IN DAVENPORT, IOWA AND ROCK ISLAND, ILLINOIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $255,292
Program Service Revenue $0
Investment Income $907,642
Other Revenue $0
TOTAL REVENUE $1,162,934

Expense Breakdown

Grants Paid $1,554,345
Salaries & Benefits $0
Fundraising Expenses $116,645
Program Expenses $1,554,345
Other Expenses $484,339
TOTAL EXPENSES $2,038,684

Year-over-Year Comparison

2023 2022 Change
Revenue $1,162,934 $678,765 +0.7%
Expenses $2,038,684 $2,393,840 -0.1%
Net Income $-875,750 $-1,715,075 -0.5%
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
12
Independent Members
12
Employees
N/A
Volunteers
12

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
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARMEN DARLAND TRUSTEE 0.50
Director
$0 $0 $0
SHEA DOYLE TRUSTEE 2.00
Director
$0 $0 $0
KIM NICKELS TRUSTEE 0.50
Director
$0 $0 $0
SARA THOMS TRUSTEE 0.50
Director
$0 $0 $0
MIKE THOMS TRUSTEE 0.50
Director
$0 $0 $0
SCOTT VAN VOOREN TRUSTEE 1.00
Director
$0 $0 $0
JACK CULLEN TRUSTEE 0.50
Director
$0 $0 $0
FRANK KLIPSCH TRUSTEE 0.50
Director
$0 $0 $0
LINDA BOWERS TRUSTEE 1.50
Director
$0 $0 $0
JIM THOMSON TRUSTEE 0.50
Director
$0 $0 $0
TRACY PUGH TRUSTEE 0.50
Director
$0 $0 $0
NATE CLARK TRUSTEE 0.00
Director
$0 $0 $0
GREG SCHERMER TRUSTEE 1.00
Director
$0 $0 $0
DANA WATERMAN III TRUSTEE 1.00
Director
$0 $0 $0
MARK SCHWIEBERT TRUSTEE 0.50
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 $1,162,934 $2,038,684 $35,194,950 $-875,750
2022 $678,765 $2,393,840 $32,048,146 $-1,715,075
2021 $3,660,187 $2,060,939 $29,616,263 $1,599,248
2020 $2,588,453 $1,929,293 $23,327,993 $659,160
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