Quindaro Development Corporation (EIN 481128656) - Form 990 Financial Analysis & Trantor Score

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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

1993

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Quindaro Development Corporation, founded in 1993, is a micro nonprofit in the Human Services sector that reported $61K in total revenue in fiscal year 2023. Expenses of $92K exceeded revenue, resulting in a 50% operating deficit.

Mission

The Quindaro Development Corporation conducts community service programs which include a Summer Enrichment Program for up to 20 students Grades 3 through 5.

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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 $10,892

Program Service Revenue $0

Investment Income $0

Other Revenue $50,571

TOTAL REVENUE $61,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,493

Other Expenses $92,106

TOTAL EXPENSES $92,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,463	$62,875	0.0%
Expenses	$92,106	$94,359	0.0%
Net Income	$-30,643	$-31,484	0.0%

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
Jeanne Knaff-Pierson	Board Member and Secretary	4.00	Officer Director	$0	$0	$0
Artis Jones	Board Member and Treasurer	6.00	Officer Director	$0	$0	$0
Hattie Williams	Board Member	2.00	Officer Director	$0	$0	$0
Patricia Jackson-Arnold	Board Chair and President	2.00	Officer Director	$0	$0	$0
Annette Gaitan	Board Member	2.00	Officer Director	$0	$0	$0
Dwight DePrist	Vice Chairman and Vice Presid	5.00	Officer Director	$0	$0	$0
Patricia Henderson	Board Member	2.00	Officer Director	$0	$0	$0
Rev Vernon Gladdis	Board Member	3.00	Officer Director	$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
2024	No data	No data	No data	No data
2023	$61,463	$92,106	$480,298	$-30,643
2022	$62,875	$94,359	$510,942	$-31,484
2021	$35,721	$55,028	$542,425	$-19,307
2020	$25,969	$51,588	$561,732	$-25,619

Quindaro Development Corporation