FRIENDS OF THE QUAD CITIES (EIN 421406400) - 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

1993

Legal Domicile

Principal Officer

DAVE HERRELL

Phone

3097366820

Tax Period

2022-07-01 to 2023-06-30

FRIENDS OF THE QUAD CITIES, founded in 1993, is a small nonprofit that reported $118K in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $134K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO SUPPORT THE QUAD CITIES CONVENTION AND VISITOR'S BUREAU, A RELATED 501 (C)(6) ORGANIZATION, WITH EDUCATIONAL AND HOSPITALITY SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $118,528

Program Service Revenue $0

Investment Income $747

Other Revenue $-1,040

TOTAL REVENUE $118,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $133,820

Other Expenses $133,820

TOTAL EXPENSES $133,820

Year-over-Year Comparison

	2022	2021	Change
Revenue	$118,235	$100,741	+0.2%
Expenses	$133,820	$137,210	0.0%
Net Income	$-15,585	$-36,469	-0.6%

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

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

$184,504

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE HERRELL	PRESIDENT &	40.00	Officer	$163,593	$20,911	$184,504
NEIL DAHLSTROM	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN DEDONCKER	BOARD MEMBER	2.00	Director	$0	$0	$0
MAYOR BOB GALLAGHER	BOARD MEMBER	2.00	Director	$0	$0	$0
TODD HAJDUK	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE HARGRAVE	BOARD MEMBER	2.00	Director	$0	$0	$0
NICK HOLKE	BOARD MEMBER	2.00	Director	$0	$0	$0
MO HYDER	BOARD MEMBER	2.00	Director	$0	$0	$0
TONY KNOBBE	BOARD MEMBER	2.00	Director	$0	$0	$0
BEN LEISCHNER	CHAIR	2.00	Officer Director	$0	$0	$0
MARIA ONTIVEROS	2ND CHAIR	2.00	Officer Director	$0	$0	$0
BRANDY POSTON	BOARD MEMBER	2.00	Director	$0	$0	$0
MAYOR SANGEETHA RAYAPATI	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER SAUTTER	TREASURER	2.00	Officer Director	$0	$0	$0
CORRI SPIEGEL	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
KAI SWANSON	PAST CHAIR	2.00	Director	$0	$0	$0
MAYOR MIKE THOMS	BOARD MEMBER	2.00	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
2023	$118,235	$133,820	$464,735	$-15,585
2022	$100,741	$137,210	$438,430	$-36,469
2021	$106,329	$263,594	$478,882	$-157,265
2020	$354,609	$8,835	$605,844	$345,774

FRIENDS OF THE QUAD CITIES