THE QUINCY AREA PROJECT ENDOWMENT FUND (EIN 376203060) - 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

Formation Year

1982

Legal Domicile

Phone

2172237310

Tax Period

2024-01-01 to 2024-12-31

THE QUINCY AREA PROJECT ENDOWMENT FUND, founded in 1982, is a micro nonprofit that reported $16K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $65K exceeded revenue, resulting in a 303% operating deficit.

Mission

FUNDING OF AFFILIATE ORGANIZATION

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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 $0

Investment Income $16,166

Other Revenue $0

TOTAL REVENUE $16,166

Expense Breakdown

Grants Paid $62,984

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,095

Other Expenses $2,126

TOTAL EXPENSES $65,110

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,166	$42,288	-0.6%
Expenses	$65,110	$27,134	+1.4%
Net Income	$-48,944	$15,154	-4.2%

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

N/A

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
JAMES A HANSEN	CHAIRMAN	0.25	Officer Director	$0	$0	$0
HAROLD KNAPHEIDE IV	VICE-CHAIRMA	0.10	Officer Director	$0	$0	$0
LAURA G EHRHART	SECRETARY	0.10	Officer Director	$0	$0	$0
MARK TYRPIN	TREASURER	0.10	Officer Director	$0	$0	$0
GARY F KIRLIN	DIRECTOR	0.10	Director	$0	$0	$0
CHRISTOPHER NIEMANN	DIRECTOR	0.10	Director	$0	$0	$0
JOHN G STEVENSON JR	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT BLACK	DIRECTOR	0.10	Director	$0	$0	$0
JACK SHARKEY	DIRECTOR	0.10	Director	$0	$0	$0
DELMER MITCHELL	DIRECTOR	0.10	Director	$0	$0	$0
N/A	TRUSTEE	0.50		$2,102	$0	$2,102

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	$16,166	$65,110	$54,718	$-48,944
2023	$42,288	$27,134	$103,662	$15,154
2022	$-12,214	$46,857	$88,508	$-59,071
2021	$27,348	$17,608	$147,579	$9,740
2020	$2,209	$24,130	$137,839	$-21,921
2018	$20,366	$28,196	$197,928	$-7,830

THE QUINCY AREA PROJECT ENDOWMENT FUND