QUINCY PUBLIC SCHOOLS FOUNDATION

EIN: 371251029 501(c)(3)

QUINCY, IL

Total Revenue
$976,142
Total Expenses
$649,440
Total Assets
$4,018,636
Net Assets
$4,018,636
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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
IL
Principal Officer
LINDSAY ERTEL
Phone
2172287112
Tax Period
2024-07-01 to 2025-06-30

QUINCY PUBLIC SCHOOLS FOUNDATION is a small nonprofit that reported $976K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $327K, a strong 33% operating margin.

Mission

RECEIVE AND DISTRIBUTE FUNDS FOR THE BENEFIT OF QSD 172

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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 (2024)

Revenue Breakdown

Contributions & Grants $484,870
Program Service Revenue $0
Investment Income $329,183
Other Revenue $162,089
TOTAL REVENUE $976,142

Expense Breakdown

Grants Paid $416,598
Salaries & Benefits $151,092
Fundraising Expenses $7,337
Program Expenses $520,061
Other Expenses $81,750
TOTAL EXPENSES $649,440

Year-over-Year Comparison

2024 2023 Change
Revenue $976,142 $1,106,486 -0.1%
Expenses $649,440 $694,262 -0.1%
Net Income $326,702 $412,224 -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

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Governance

Voting Members
19
Independent Members
19
Employees
3
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
5
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHELLEY ARNS TRUSTEE N/A
Director
$0 $0 $0
STEPHANIE BARBAGIOVANNI TRUSTEE N/A
Director
$0 $0 $0
LUCY BORDEWICK TRUSTEE N/A
Director
$0 $0 $0
N/A TRUSTEE N/A
Director
$0 $0 $0
MELISSA DOUGLAS TRUSTEE N/A
Director
$0 $0 $0
STEPHANIE ERWIN TRUSTEE N/A
Director
$0 $0 $0
JASON FINNEY TRUSTEE N/A
Director
$0 $0 $0
DIANE GLAUB TRUSTEE N/A
Director
$0 $0 $0
HEIDI HOLZGRAFE TRUSTEE N/A
Director
$0 $0 $0
ERIN KNAPHEIDE TRUSTEE N/A
Director
$0 $0 $0
DAN MCCLEERY TRUSTEE N/A
Director
$0 $0 $0
DR GEORGE MEYER TRUSTEE N/A
Director
$0 $0 $0
BEN VAN NESS TRUSTEE N/A
Director
$0 $0 $0
DR TODD PETTIT TRUSTEE N/A
Director
$0 $0 $0
BRANDY BLICKHAN RIDDER TRUSTEE N/A
Director
$0 $0 $0
KATIE SCHELP TRUSTEE N/A
Director
$0 $0 $0
HEATHER COOK TREASURER N/A
Officer
$0 $0 $0
LINDSAY ERTEL PRESIDENT N/A
Officer
$0 $0 $0
MICHAELA FRAY-TAPPE VICE PRESIDE N/A
Officer
$0 $0 $0
CODY HAGEMAN SECRETARY N/A
Officer
$0 $0 $0
MICHELLE MOORE SECOND VICE 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
2025 $976,142 $649,440 $4,018,636 $326,702
2024 $1,106,486 $694,262 $3,691,934 $412,224
2023 $775,238 $431,851 $3,279,710 $343,387
2022 $183,171 $455,590 $2,939,620 $-272,419
2021 $1,083,765 $489,139 $3,232,061 $594,626
2019 $1,340,026 $474,342 $2,942,739 $865,684
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