QUINCY DEVELOPMENT ASSOCIATION (EIN 911844875) - 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

2010

Legal Domicile

Principal Officer

BRUCE JOHNSTON

Phone

2172220720

Tax Period

2024-01-01 to 2024-12-31

QUINCY DEVELOPMENT ASSOCIATION, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $398K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $366K, a strong 92% operating margin.

Mission

TO PROVIDE HOUSING ASSISTANCE AND OPPORTUNITIES TO LOW INCOME INDIVIDUALS AND FAMILIES

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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 $250,000

Program Service Revenue $10,074

Investment Income $137,973

Other Revenue $0

TOTAL REVENUE $398,047

Expense Breakdown

Grants Paid $26,110

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,810

Other Expenses $5,873

TOTAL EXPENSES $31,983

Year-over-Year Comparison

	2024	2023	Change
Revenue	$398,047	$577,719	-0.3%
Expenses	$31,983	$38,757	-0.2%
Net Income	$366,064	$538,962	-0.3%

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

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

$210,787

Total Directors

$210,787

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROCKY MURRY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JERRY GILLE	SECRETARY	1.00	Officer Director	$0	$0	$125,011
BRUCE JOHNSTON	TREASURER	1.00	Officer Director	$0	$0	$85,776
GARY SPARKS	BOARD MEMBER	1.00	Director	$0	$0	$0
RHONDA AUTERY	BOARD MEMBER	1.00	Director	$0	$0	$0
ELAINE DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK HOLTSCHLAG	BOARD MEMBER	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
2024	$398,047	$31,983	$4,977,796	$366,064
2023	$577,719	$38,757	$4,611,062	$538,962
2022	$387,653	$8,497	$4,322,100	$379,156
2021	$56,947	$9,304	$3,942,944	$47,643
2020	$254,087	$30,486	$1,203,848	$223,601

QUINCY DEVELOPMENT ASSOCIATION