QUINCY INSTITUTE FOR RESPONSIBLE S… - Form 990 Financial Data

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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

2019

Legal Domicile

Principal Officer

LORA LUMPE

Phone

2028004662

Tax Period

2023-01-01 to 2023-12-31

QUINCY INSTITUTE FOR RESPONSIBLE STATECRAFT, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $8.9M in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 31% operating margin.

Mission

THE QUINCY INSTITUTE PROMOTES IDEAS THAT MOVE U.S. FOREIGN POLICY AWAY FROM ENDLESS WAR AND TOWARD VIGOROUS DIPLOMACY IN THE PURSUIT OF INTERNATIONAL PEACE. QI'S STAFF AND NON-RESIDENT EXPERTS EXPOSE THE COSTS AND CONSEQUENCES OF UNACCOUNTABLE, OVERLY MILITARIZED FOREIGN POLICY AND PRESENT ALTERNATIVE APPROACHES UNDER OUR GENERAL PROGRAM AND OUR RESPONSIBLE STATECRAFT PROGRAM, IN ADDITION TO OUR SIX BROAD THEMATIC PROGRAMS - MIDDLE EAST, EAST ASIA, GRAND STRATEGY, DEMOCRATIZING FOREIGN POLICY, GLOBAL SOUTH, AND EURASIA.

Program Service Accomplishments

Program 1

Expenses: $1,248,350

GENERAL PROGRAM:THE QUINCY INSTITUTE'S GENERAL PROGRAM INCLUDES THE CROSS-CUTTING ELEMENTS OF THE INSTITUTE'S WORK TO FORGE A NEW FOREIGN POLICY CENTERED ON DIPLOMATIC ENGAGEMENT AND MILITARY...

GENERAL PROGRAM:THE QUINCY INSTITUTE'S GENERAL PROGRAM INCLUDES THE CROSS-CUTTING ELEMENTS OF THE INSTITUTE'S WORK TO FORGE A NEW FOREIGN POLICY CENTERED ON DIPLOMATIC ENGAGEMENT AND MILITARY RESTRAINT THROUGH SCHOLARSHIP AND CONVENINGS BY STAFF AND NON-RESIDENT FELLOWS.

Program 2

Expenses: $708,905

RESPONSIBLE STATECRAFT PROGRAM:RESPONSIBLE STATECRAFT IS THE QUINCY INSTITUTE'S ONLINE MAGAZINE, WHICH PUBLISHES PRO-DIPLOMACY AND MILITARY RESTRAINT ANALYSIS AND RESEARCH.

Program 3

Expenses: $917,201

OUR COMMUNICATIONS PROGRAM PRODUCES AND DISSEMINATES THE WORK OF OUR FOREIGN POLICY RESEARCHERS AND MAKES IT ACCESSIBLE TO EXPERT AUDIENCES AND THE BROADER PUBLIC.

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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 $8,871,862

Program Service Revenue $0

Investment Income $18,672

Other Revenue $108

TOTAL REVENUE $8,890,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,642,496

Fundraising Expenses $453,062

Program Expenses $5,103,004

Other Expenses $1,515,327

TOTAL EXPENSES $6,157,823

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,890,642	$4,859,210	+0.8%
Expenses	$6,157,823	$4,987,985	+0.2%
Net Income	$2,732,819	$-128,775	-22.2%

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

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

$668,318

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW BACEVICH	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN HEINTZ	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SALLY DONNELLY	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
JESSICA MATHEWS	BOARD MEMBER	1.00	Director	$0	$0	$0
LEAH HUNT-HENDRIX	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGORY DADDIS	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE LUTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCIS NAJAFI	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS PICKERING	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL ZAK	BOARD MEMBER	1.00	Director	$0	$0	$0
KATRINA VANDEN HEUVEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MCBRIDE	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH THEOHARIS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN WALT	BOARD MEMBER	1.00	Director	$0	$0	$0
TRITA PARSI	EXECUTIVE VICE PRESIDENT	40.00	Officer	$288,620	$44,215	$332,835
LORA LUMPE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$288,359	$47,124	$335,483
GEORGE BEEBE	DIRECTOR OF GRAND STRATEGY PROGRAM	40.00	Highest	$165,310	$3,401	$168,711
WILLIAM HARTUNG	SENIOR RESEARCH FELLOW	40.00	Highest	$145,662	$24,244	$169,906
MARCUS STANLEY	DIRECTOR OF ADVOCACY	40.00	Highest	$151,995	$23,435	$175,430
JESSICA ROSENBLUM	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$142,698	$16,321	$159,019
SARANG SHIDORE	DIRECTOR OF STUDIES	40.00	Highest	$151,748	$19,259	$171,007

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	$8,890,642	$6,157,823	$7,260,197	$2,732,819
2022	$4,859,210	$4,987,985	$4,224,595	$-128,775
2021	$5,927,477	$3,669,840	$4,164,590	$2,257,637
2020	$3,306,274	$1,437,950	$1,907,840	$1,868,324

QUINCY INSTITUTE FOR RESPONSIBLE STATECRAFT