QUAD CITY ARTS 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

1988

Legal Domicile

Principal Officer

BRIAN ALLEN

Phone

3097931213

Tax Period

2024-01-01 to 2024-12-31

QUAD CITY ARTS INC, founded in 1988, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $2.0M exceeded revenue, resulting in a 15% operating deficit.

Mission

QUAD CITY ARTS IS DEDICATED TO ENRICHING THE QUALITY OF LIFE IN THE QC REGION THROUGH THE PRESENTATION, DEVELOPMENT AND CELEBRATION OF THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $961,581 Revenue: $739,803

ONE OF THE QUAD CITY ARTS' ROLE AS A LOCAL NONPROFIT ARTS ORGANIZATION IS TO SERVE AS A PARTNER TO ARTISTS AND NONPROFIT ORGANIZATIONS THROUGH: VISUAL ARTS - PROVIDING AND COMMUNICATING OPPORTUNITIES FOR VISUAL ARTISTS TO EXHIBIT AND SELL THEIR WORK. ARTS DOLLARS REGRANTING - PROVIDING FUNDING FOR ARTISTS AND ORGANIZATIONS PRODUCING WORK OR PROGRAMMING WITH A COMMUNITY ARTS EMPHASIS.

Program 2

Expenses: $833,076 Revenue: $267,243

QUAD CITY ARTS' OTHER ROLE AS A LOCAL NONPROFIT ARTS ORGANIZATION IS TO PRESENT ARTS PROGRAMS THROUGH: PERFORMING ARTS - INCLUDING THE NATIONAL AWARD WINNING VISITING ARTIST SERIES. VISUAL & PUBLIC ARTS - INCLUDING EXHIBITION AND SALES GALLERIES ON LOCATION, A SATELLITE EXHIBITION GALLERY AT THE AIRPORT, AND FACILITATING ART IN PUBLIC SPACES. METRO ARTS - SUMMER YOUTH EMPLOYMENT PROGRAM WITH ARTS AND JOB SKILLS TRAINING FOR HIGH SCHOOL AND COLLEGE STUDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $719,262

Program Service Revenue $976,937

Investment Income $15,382

Other Revenue $30,109

TOTAL REVENUE $1,741,690

Expense Breakdown

Grants Paid $17,742

Salaries & Benefits $650,555

Fundraising Expenses $84,681

Program Expenses $1,794,657

Other Expenses $1,343,125

TOTAL EXPENSES $2,011,422

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,741,690	$1,710,437	+0.0%
Expenses	$2,011,422	$1,913,924	+0.1%
Net Income	$-269,732	$-203,487	+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

Governance

Voting Members

Independent Members

Employees

Volunteers

3000

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
KEVIN L MAYNARD	EXECUTIVE DI	40.00		$107,633	$0	$107,633
NATE AUGUSTINE	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOY BORUFF	DIRECTOR	1.00	Director	$0	$0	$0
LAURA EKIZIAN	TREASURER	1.00	Officer Director	$0	$0	$0
BLANCA LEAL	DIRECTOR	1.00	Director	$0	$0	$0
LATOYA LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
BRETT MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
MATT MASLOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN MARTIN	PAST PRESIDE	1.00	Director	$0	$0	$0
SAM MCCULLUM	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MORRISON	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE O'DONNELL	DIRECTOR	1.00	Director	$0	$0	$0
KELI PRICE	DIRECTOR	1.00	Director	$0	$0	$0
MARY PRUESS	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN RICHLEN	DIRECTOR	1.00	Officer Director	$0	$0	$0
LANCE SADLEK	DIRECTOR	1.00	Director	$0	$0	$0
JENNI SWANSON	DIRECTOR	1.00	Director	$0	$0	$0
BROOKE SWEENEY-ADRIAN	DIRECTOR	1.00	Director	$0	$0	$0
KALEIGH TRAMMELL	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN ALLEN	EXECUTIVE DI	N/A	Officer	$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	$1,741,690	$2,011,422	$992,482	$-269,732
2023	$1,710,437	$1,913,924	$1,242,572	$-203,487
2022	$1,621,049	$1,756,673	$1,340,453	$-135,624
2021	$1,845,550	$1,459,751	$1,454,915	$385,799
2020	$1,034,987	$950,802	$1,105,588	$84,185
2019	$1,422,623	$1,469,326	$887,199	$-46,703
2018	$1,527,173	$1,443,848	$867,923	$83,325