KNOWLEDGE QUEST INC

EIN: 621589188 501(c)(3) Youth Development

MEMPHIS, TN

Total Revenue
$3,300,093
Total Expenses
$3,827,534
Total Assets
$4,217,062
Net Assets
$4,102,274
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
TN
Principal Officer
MARLON FOSTER
Phone
9019421512
Tax Period
2023-07-01 to 2024-06-30

KNOWLEDGE QUEST INC, founded in 1995, is a community nonprofit in the Youth Development sector that reported $3.3M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE EDUCATIONAL SUPPORT BY VIGOROUSLY EQUIPPING YOUTH AND THEIR FAMILIES TO MAXIMIZE THEIR POTENTIAL THROUGH INTELLECTUAL AND CHARACTER DEVELOPMENT.

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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 $3,228,219
Program Service Revenue $37,213
Investment Income $34,251
Other Revenue $410
TOTAL REVENUE $3,300,093

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,223,796
Fundraising Expenses $0
Program Expenses $3,351,484
Other Expenses $1,603,738
TOTAL EXPENSES $3,827,534

Year-over-Year Comparison

2023 2022 Change
Revenue $3,300,093 $4,271,932 -0.2%
Expenses $3,827,534 $3,209,745 +0.2%
Net Income $-527,441 $1,062,187 -1.5%
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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Governance

Voting Members
11
Independent Members
10
Employees
48
Volunteers
600

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
3
$0
Total Directors
8
$148,714
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARLON FOSTER CHIEF EXECUTIVE OFFICER 40
Director Highest
$145,714 $3,000 $148,714
LORENZO MYRICK MEMBER 2.00
Director
$0 $0 $0
SALLY NICKELE MEMBER 2
Director
$0 $0 $0
KEVIN WOODS MEMBER 2
Director
$0 $0 $0
TANESHA BATES MEMBER 2
Director
$0 $0 $0
DR ERAINA SCHAUSS MEMBER 2
Director
$0 $0 $0
LATONYA BURROW MEMBER 2
Director
$0 $0 $0
WEBB BREWER MEMBER 2
Director
$0 $0 $0
TIM HABERBERGER CHAIRMAN 2
Officer
$0 $0 $0
CRAIG SIMON TREASURER 2
Officer
$0 $0 $0
JEROME WRIGHT SECRETARY 2
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 No data No data No data No data
2024 $3,300,093 $3,827,534 $4,217,062 $-527,441
2023 $4,271,932 $3,209,745 $4,902,398 $1,062,187
2022 $2,515,453 $2,404,677 $3,970,035 $110,776
2021 $3,163,026 $2,238,291 $3,965,485 $924,735
2020 $2,487,969 $1,843,479 $3,050,309 $644,490
2019 $1,971,689 $1,808,583 $2,148,726 $163,106
2018 $1,500,050 $1,911,149 $2,269,029 $-411,099
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