QUAD CITIES REGIONAL VISION

EIN: 861972292 501(c)(3)

BETTENDORF, IA

Total Revenue
$310,745
Total Expenses
$613,160
Total Assets
$114,301
Net Assets
$102,252
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
DAVE HERRELL
Phone
5633262840
Tax Period
2023-01-01 to 2023-12-31

QUAD CITIES REGIONAL VISION, founded in 2020, is a small nonprofit that reported $311K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $613K exceeded revenue, resulting in a 97% operating deficit.

Mission

THE QUAD CITIES REGION IS COMPRISED OF MULTIPLE MUNICIPALITIES LOCATED IN ILLINOIS AND IOWA. HAVING MULTIPLE JURISDICTIONS AND OVERSIGHT ENTITIES HAS RESULTED IN FRAGMENTED AND DUPLICATIVE USE OF SCARCE RESOURCES DIMINISHING REGIONAL SUCCESS. THERE IS NOT AN INDEPENDENT ENTITY THAT SEEKS TO ENHANCE COLLABORATION, COORDINATION, AND ALIGNMENT TO ACCELERATE SUCCESSES WHICH WILL GROW THE REGION AND REDUCE THE BARRIERS TO SUCCESS. AREAS OF FOCUS FOR ALIGNMENT, COLLABORATION AND COORDINATION INCLUDE EDUCATION, EMPLOYMENT SKILL BUILDING, CHILDCARE, FOOD SECURITY, POVERTY, HOUSING, BUSINESS DEVELOPMENT, HEALTH, PLACEMAKING, AND PHILANTHROPY. QUAD CITIES REGIONAL VISION (Q2030) IS AN INDEPENDENT ORGANIZATION THAT CONVENES MULTIPLE STAKEHOLDERS TO RESOLVE ISSUES, DEVELOP AND IMPLEMENT STRATEGIES TO STRENGTHEN THE REGION. THE FRAMEWORK TACKLES TOUGH ISSUES FACING THE BI- STATE REGION AND LEVERAGES OPPORTUNITIES WITH THE BEST ODDS TO FOSTER TRANSFORMATIONAL CHANGE. THE ISSUES FALL INTO FOUR PRIORI

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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 $309,589
Program Service Revenue $0
Investment Income $1,087
Other Revenue $69
TOTAL REVENUE $310,745

Expense Breakdown

Grants Paid $365,000
Salaries & Benefits $219,326
Fundraising Expenses $10,995
Program Expenses $497,004
Other Expenses $28,834
TOTAL EXPENSES $613,160

Year-over-Year Comparison

2023 2022 Change
Revenue $310,745 $336,688 -0.1%
Expenses $613,160 $270,647 +1.3%
Net Income $-302,415 $66,041 -5.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
25

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
2
$110,123
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHRYN G JENNINGS EXECUTIVE DI 40.00
Officer
$110,123 $0 $110,123
JANESSA CALDERON DIRECTOR 1.00
Director
$0 $0 $0
DWIGHT FORD DIRECTOR 1.00
Officer Director
$0 $0 $0
RENE GELLERMAN DIRECTOR 1.00
Director
$0 $0 $0
SUE HAFKEMEYER DIRECTOR 1.00
Director
$0 $0 $0
DAVE HERRELL BOARD CHAIR 1.00
Director
$0 $0 $0
ALVARO MACIAS DIRECTOR 1.00
Director
$0 $0 $0
JAZMIN NEWTON DIRECTOR 1.00
Director
$0 $0 $0
JERRED PAUWELS DIRECTOR 1.00
Director
$0 $0 $0
KENT PILCHER DIRECTOR 1.00
Director
$0 $0 $0
JOE B SLAVENS DIRECTOR 1.00
Director
$0 $0 $0
LADRINA WILSON DIRECTOR 1.00
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
2023 $310,745 $613,160 $114,301 $-302,415
2022 $336,688 $270,647 $423,687 $66,041
2021 $447,219 $108,593 $343,124 $338,626
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