Quad City Area Knights Inc (EIN 831562312) - 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

2018

Legal Domicile

Principal Officer

Larry Thumann III

Phone

8474097456

Tax Period

2024-01-01 to 2024-12-31

Quad City Area Knights Inc, founded in 2018, is a small nonprofit in the Youth Development sector that reported $234K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $215K left a modest 8% surplus.

Mission

MISSION The Quad City Area Knights establishes an environment where an athletes drive for excellence and achievement will propel them to compete at the highest standard on the field, and allow them to deploy those same values; which are intrinsic to accomplishing success in society.

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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 (2024)

Revenue Breakdown

Contributions & Grants $233,612

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $233,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $43,411

Program Expenses $168,715

Other Expenses $215,066

TOTAL EXPENSES $215,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$233,612	$308,943	-0.2%
Expenses	$215,066	$273,651	-0.2%
Net Income	$18,546	$35,292	-0.5%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Matt Mausser	Director	Director	$0	$0	$0
Pamela Douglas	Secretary	Director	$0	$0	$0
Larry Thumann III	President	Officer	$0	$0	$0
Michael Kaner	Treasurer	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
2024	$233,612	$215,066	$118,130	$18,546
2023	$308,943	$273,651	$99,584	$35,292

Quad City Area Knights Inc