QUAD CITY SYMPHONY TRUST

EIN: 426567051 501(c)(3) Arts, Culture & Humanities

DAVENPORT, IA

Total Revenue
$1,941,578
Total Expenses
$798,160
Total Assets
$17,337,808
Net Assets
$17,337,808
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
IA
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

THE ORGANIZATION HOLDS INVESTMENTS AND REAL ESTATE TO FURTHER THE TAX EXEMPT CHARITABLE WORKS OF THE QUAD CITY SYMPHONY ORCHESTRA ASSOCIATION.

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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 $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

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Governance

Voting Members
7
Independent Members
7
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
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