Queen City Angels

EIN: 465363308 Community Improvement

Blue Ash, OH

Total Revenue
$395,808
Total Expenses
$391,345
Total Assets
$28,663
Net Assets
$28,663
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
OH
Principal Officer
Scott Jacobs
Phone
5133736972
Tax Period
2023-10-01 to 2024-09-30

Queen City Angels, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $396K in total revenue in fiscal year 2023.

Mission

The corporation is organized for the purposes of building and promoting a vibrant entrepreneurial sector in greater Cincinnati, Ohio and beyond that sustains innovative start-ups and emerging businesses; educating the regional business communities on opportunities to assist such companies (this is now accomplished through a separate, related 501(c)(3) tax-exempt entity, QCA education foundation); to facilitate investing in businesses; and providing a forum for the dissemination of ideas, business practices, and other information among regional/national emerging start-up and emerging companies. The specific purposes for which the corporation is formed is conducting any and all activities consistent with, ancillary to, such purposes, and carrying-on any activities permitted under the non-profit corporation laws of the state of Ohio.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $395,808
Investment Income $0
Other Revenue $0
TOTAL REVENUE $395,808

Expense Breakdown

Grants Paid $0
Salaries & Benefits $258,106
Fundraising Expenses $0
Other Expenses $133,239
TOTAL EXPENSES $391,345

Year-over-Year Comparison

2023 2022 Change
Revenue $395,808 $382,258 +0.0%
Expenses $391,345 $378,264 +0.0%
Net Income $4,463 $3,994 +0.1%
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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Governance

Voting Members
5
Independent Members
5
Employees
2
Volunteers
5

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
4
$180,560
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Baggott Director 2.00
Director
$0 $0 $0
Ted Capossela Director 2.00
Director
$0 $0 $0
Tony Shipley President 2.00
Officer Director
$0 $0 $0
John Habbert Treasurer 2.00
Officer Director
$0 $0 $0
Michelle Gibbs Secretary 2.00
Officer Director
$0 $0 $0
Scott Jacobs Executive Director 40.00
Officer
$180,560 $0 $180,560
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 $395,808 $391,345 $28,663 $4,463
2023 $382,258 $378,264 $35,606 $3,994
2022 $332,660 $331,082 $41,630 $1,578
2021 $236,564 $232,311 $51,552 $4,253
2020 $217,063 $221,263 $50,977 $-4,200
2019 $234,568 $219,039 $56,675 $15,529
2018 $274,698 $251,052 $30,401 $23,646
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