HISTORIC QUINCY BUSINESS DISTRICT (EIN 371049939) - Form 990 Financial Analysis & Trantor Score

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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

Legal Domicile

Principal Officer

TIERANEY CRAIG

Phone

2172288696

Tax Period

2024-01-01 to 2024-12-31

HISTORIC QUINCY BUSINESS DISTRICT is a small nonprofit that reported $283K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $242K left a modest 15% surplus.

Mission

PROMOTE HISTORIC DISTRICT IN DOWNTOWN QUINCY IL

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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 $0

Program Service Revenue $245,852

Investment Income $5,897

Other Revenue $31,691

TOTAL REVENUE $283,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,775

Fundraising Expenses $0

Other Expenses $144,424

TOTAL EXPENSES $242,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$283,440	$206,982	+0.4%
Expenses	$242,199	$191,460	+0.3%
Net Income	$41,241	$15,522	+1.7%

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

N/A

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 BALLARD	TREASURER	N/A	Officer Director	$0	$0	$0
JOY BERHORST	BOARD MEMBER	N/A	Director	$0	$0	$0
RYAN CHRISTIAN	BOARD MEMBER	N/A	Director	$0	$0	$0
TIERANEY CRAIG	PRESIDENT	N/A	Officer Director	$0	$0	$0
ERIN FLOREA	BOARD MEMBER	N/A	Director	$0	$0	$0
TOMMY HENDREN	SECRETARY	N/A	Officer Director	$0	$0	$0
JONATHAN HOOVER	BOARD MEMBER	N/A	Director	$0	$0	$0
KELLI LANGSTON	BOARD MEMBER	N/A	Director	$0	$0	$0
BEN REINHARDT	BOARD MEMBER	N/A	Director	$0	$0	$0
BLAKE SCHEER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CAROL SHAFFER	BOARD MEMBER	N/A	Director	$0	$0	$0
BOBBETTE WAND	BOARD MEMBER	N/A	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	$283,440	$242,199	$314,101	$41,241
2023	$206,982	$191,460	$300,923	$15,522
2022	$285,507	$192,885	$283,694	$92,622
2021	$187,776	$148,357	$202,164	$39,419

HISTORIC QUINCY BUSINESS DISTRICT