Queen City Angels

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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

2014

Legal Domicile

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

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 purpose 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-profits corporation laws of the state of Ohio.

Program Service Accomplishments

Program 1

Morning Mentoring - Over 1,500 entrepreneuers coached and mentored on their specific business model, market feasibility, and success factors.

Program 2

eKickStart - Monthy speaker series educating entrepeneuers on numerous topics and subject matter of interest.

Program 3

Entrepreneur Boot Camp - Support provided to QCA Education Foundation (Queen City Angels' non-profit) Entrepreneur Boot Camp. This is an intensive two-day workshop created in 2001 for early-stage...

Entrepreneur Boot Camp - Support provided to QCA Education Foundation (Queen City Angels' non-profit) Entrepreneur Boot Camp. This is an intensive two-day workshop created in 2001 for early-stage growth companies and future entrepreneurs. The event leverages 13 sessions with topic areas including intellectual property, strategic marketing, contracts, building your teams, social media, financials, and how to pitch angel investors.

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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 (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

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

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

$180,560

Total Directors

Key Employees

Highest Compensated

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