QUAD CITY SYMPHONY TRUST

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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

1998

Legal Domicile

Principal Officer

KAYLEE ANDERSON

Phone

5633220931

Tax Period

2024-07-01 to 2025-06-30

QUAD CITY SYMPHONY TRUST, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 394% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 59% operating margin.

Mission

TO FURTHER THE TAX EXEMPT CHARITABLE WORKS OF THE QUAD CITY SYMPHONY ORCHESTRA ASSOCIATION.

Program Service Accomplishments

Program 1

Expenses: $683,758

THE QUAD CITY SYMPHONY TRUST IS IN EXISTENCE TO SUPPORT THE NEEDS OF THE QUAD CITY SYMPHONY ORCHESTRA. IT HELPS THE ORCHESTRA REACH OVER 400,000 AREA RESIDENTS, BOTH ADULTS AND CHILDREN, WITH THE...

THE QUAD CITY SYMPHONY TRUST IS IN EXISTENCE TO SUPPORT THE NEEDS OF THE QUAD CITY SYMPHONY ORCHESTRA. IT HELPS THE ORCHESTRA REACH OVER 400,000 AREA RESIDENTS, BOTH ADULTS AND CHILDREN, WITH THE HIGHEST QUALITY SYMPHONIC MUSIC AND MUSIC EDUCATION AVAILABLE. THE QUAD CITY SYMPHONY TRUST ALLOCATES 5% OF ITS VALUE AS SUPPORT TO THE ASSOCIATION AS INCOME ON AN ANNUAL BASIS.

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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 $1,592,826

Program Service Revenue $0

Investment Income $354,855

Other Revenue $-6,103

TOTAL REVENUE $1,941,578

Expense Breakdown

Grants Paid $683,758

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $683,758

Other Expenses $114,402

TOTAL EXPENSES $798,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,941,578	$393,344	+3.9%
Expenses	$798,160	$740,392	+0.1%
Net Income	$1,143,418	$-347,048	-4.3%

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
DON PEDERSEN	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT VAN VOOREN	TRUSTEE	1.00	Director	$0	$0	$0
DARLENE STEFFEN	TRUSTEE	1.00	Director	$0	$0	$0
SUE HONSEY	TRUSTEE	1.00	Director	$0	$0	$0
ALANA CARROLL	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY P SCHERMER	TRUSTEE	1.00	Officer	$0	$0	$0
TOM SPITZFADEN	CHAIR	1.00	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	$1,941,578	$798,160	$17,337,808	$1,143,418
2024	No data	No data	No data	No data
2023	$271,933	$713,101	$13,445,995	$-441,168
2022	$993,314	$485,079	$12,980,069	$508,235
2021	$748,751	$665,786	$15,204,035	$82,965
2020	$814,201	$631,813	$11,778,914	$182,388
2019	$760,182	$539,011	$11,982,180	$221,171
2018	$1,587,857	$585,892	$11,986,555	$1,001,965