QUAD CITIES COMMUNITY FOUNDATION

EIN: 426122716 501(c)(3) Philanthropy & Grantmaking

BETTENDORF, IA

Total Revenue
$25,302,425
Total Expenses
$12,353,577
Total Assets
$209,702,570
Net Assets
$207,956,342
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
IA
Principal Officer
SUSAN HAFKEMEYER
Phone
5633262840
Tax Period
2024-01-01 to 2024-12-31

QUAD CITIES COMMUNITY FOUNDATION, founded in 1964, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $25.3M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.9M, a strong 51% operating margin.

Mission

QUAD CITIES COMMUNITY FOUNDATION IS A COLLECTION OF ENDOWMENTS AND OTHER CHARITABLE FUNDS. 4.5% OF THE ROLLING 20 QUARTER AVERAGE BALANCE IS DISTRIBUTED TO NONPROFIT ORGANIZATIONS IN OUR REGION WITH A GOAL OF "TRANSFORMING OUR REGION THROUGH THE GENEROSITY OF OUR DONORS."

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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 $13,670,093
Program Service Revenue $0
Investment Income $11,415,961
Other Revenue $216,371
TOTAL REVENUE $25,302,425

Expense Breakdown

Grants Paid $9,054,392
Salaries & Benefits $1,777,236
Fundraising Expenses $665,068
Program Expenses $9,730,335
Other Expenses $1,521,949
TOTAL EXPENSES $12,353,577

Year-over-Year Comparison

2024 2023 Change
Revenue $25,302,425 $14,846,043 +0.7%
Expenses $12,353,577 $12,507,962 0.0%
Net Income $12,948,848 $2,338,081 +4.5%
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

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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
13
Independent Members
13
Employees
23
Volunteers
183

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
8
$392,581
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN ANDERSON VICE BOARD CHAIR 5.00
Officer Director
$0 $0 $0
DEB ANSELM BOARD MEMBER 5.00
Director
$0 $0 $0
SURESH BALAKRISHNAN BOARD MEMBER 5.00
Director
$0 $0 $0
ELIZABETH CERVANTES BOARD MEMBER 5.00
Director
$0 $0 $0
ESMERALDA KIZER FORMER BOARD MEMBER 5.00
Director
$0 $0 $0
GERALD JONES BOARD MEMBER 5.00
Director
$0 $0 $0
LANCE LESLIE BOARD MEMBER 5.00
Director
$0 $0 $0
JANET MASAMOTO BOARD MEMBER 5.00
Director
$0 $0 $0
JEAN MORAN FORMER PAST BOARD CHAIR 5.00
Officer Director
$0 $0 $0
KENT PILCHER BOARD CHAIR 5.00
Officer Director
$0 $0 $0
MARK SCHWIEBERT BOARD MEMBER 5.00
Director
$0 $0 $0
CRISTY TACKETT-HUNT SECRETARY 5.00
Officer Director
$0 $0 $0
THOMAS THOMS BOARD TREASURER 5.00
Officer Director
$0 $0 $0
SCOTT TINSMAN BOARD MEMBER 5.00
Director
$0 $0 $0
LADRINA WILSON 2ND VICE BOARD CHAIR 5.00
Officer Director
$0 $0 $0
SUSAN HAFKEMEYER PRESIDENT & CEO 39.00
Officer
$234,929 $20,985 $255,914
PAUL TOMKINS VP OF FINANCE 39.00
Officer
$123,780 $12,887 $136,667
ANNE CALDER VP OF DEVELOPMENT 40.00
Highest
$129,488 $19,437 $148,925
KELLY THOMPSON VP OF GRANTMAKING & COMMUNITY INITIATIVES 40.00
Highest
$118,147 $28,129 $146,276
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 $25,302,425 $12,353,577 $209,702,570 $12,948,848
2023 $14,846,043 $12,507,962 $184,908,606 $2,338,081
2022 $12,042,072 $11,171,015 $162,286,975 $871,057
2021 $27,727,167 $10,407,323 $196,603,796 $17,319,844
2020 $15,098,956 $16,569,936 $165,771,747 $-1,470,980
2019 $26,931,536 $14,340,824 $156,922,829 $12,590,712
2018 $17,488,621 $9,430,911 $129,289,172 $8,057,710
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