KNOWLEDGE QUEST INC

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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

1995

Legal Domicile

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 VIGOROUSLY EQUIP YOUTH AND THEIR FAMILIES TO MAXIMIZE THEIR POTENTIAL THROUGH EDUCATION, WELLNESS AND ECONOMIC STABILITY.

Program Service Accomplishments

Program 1

Expenses: $2,719,647 Revenue: $2,323,002

KNOWLEDGE QUEST (KQ) PROMOTES ACADEMIC EXCELLENCE IN AFTER SCHOOL SETTINGS AMONG YOUTH, GRADES PRE-K THROUGH 12 THROUGH A "CRADLE TO CAREER" CONTINUUM METHODOLOGY. KQ SERVES 500 HIGH-RISK YOUTH WHO PRIMARILY RESIDE IN THE 38126 AND 38106 ZIP CODES OF MEMPHIS, TN. THROUGH AN INNOVATIVE, HANDS-ON APPROACH TO LEARNING (ADVENTURE EDUCATION), STUDENTS DEVELOP GENUINE INTEREST IN ACADEMIC SUBJECTS AND MAKE BEHAVIOR ADJUSTMENTS WHERE NECESSARY. KQ OPERATES THROUGH FOUR STRATEGIC PROGRAMS: KNOWLEDGE QUEST SCHOOL-AGE ACADEMY; TEENAGE ACADEMY; FAMILY STABILITY; AND GREEN LEAF LEARNING FARM AT THREE SITES ALONG A 2-MILE CORRIDOR ON WALKER AVENUE IN HISTORIC SOUTH MEMPHIS KNOWN AS THE "KNOWLEDGE QUEST KIDS ZONE".

Program 2

Expenses: $134,024 Revenue: $915,769

THE FAMILY STABILITY INITIATIVE BEGAN SERVING FAMILIES IN MAY 2013. FOLLOWING A CASE MANAGEMENT MODEL, THE PROGRAM IS DESIGNED TO ENHANCE THE ACADEMIC SUCCESS OF YOUTH IN TARGETED SCHOOLS AND...

THE FAMILY STABILITY INITIATIVE BEGAN SERVING FAMILIES IN MAY 2013. FOLLOWING A CASE MANAGEMENT MODEL, THE PROGRAM IS DESIGNED TO ENHANCE THE ACADEMIC SUCCESS OF YOUTH IN TARGETED SCHOOLS AND NEIGHBORHOODS THAT HAVE HISTORICALLY EXPERIENCED HIGHER MOBILITY RATES FOR STUDENTS. THE FOUNDATIONAL PREMISE OF THE INITIATIVE IS THAT SUPPORTING FAMILIES AT RISK OF BECOMING HOMELESS OR DISPLACED THROUGH THE PROVISION OF MORE STABLE AND SECURE LIVING SITUATIONS WILL HELP STUDENTS MAINTAIN THEIR SCHOOL PLACEMENT AND ULTIMATELY EXPERIENCE A HIGHER DEGREE OF ACADEMIC SUCCESS.

Program 3

Expenses: $497,813 Revenue: $61,324

GREEN LEAF LEARNING FARM (GLLF) IS A CREATIVELY DEVELOPED, ONE ACRE URBAN FARM THAT IS USED AS AN INSTRUMENT TO PROMOTE STUDENT EDUCATION, COMMUNITY DEVELOPMENT, AND FOOD SECURITY. IN 2023, GREEN...

GREEN LEAF LEARNING FARM (GLLF) IS A CREATIVELY DEVELOPED, ONE ACRE URBAN FARM THAT IS USED AS AN INSTRUMENT TO PROMOTE STUDENT EDUCATION, COMMUNITY DEVELOPMENT, AND FOOD SECURITY. IN 2023, GREEN LEAF LEARNING FARM YIELDED 2,500 LBS OF FRESH ORGANIC PRODUCE AND HOSTED 90 PARTICIPANTS THROUGH THE URBAN AGRICRULTURE MASTERCLASS MONTHLY SERIES. THE PROGRAM ALSO PROVIDED 812 UNITS OF AGRISTEM EXPOSURE TO STUDENTS IN GRADES 3RD-8TH OVER 42 WEEKLY SESSIONS.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

$148,714

Key Employees

Highest Compensated

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