Queen City Bicycle Collective
Nonprofit profile at a glance
- EIN
- 474147461
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Manchester, NH, USA
- Phone
- 6034931720
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Improvement, Capacity Building N.E.C.
Reported finances
- Revenue
- $326,591
- Expenses
- $263,436
- Assets
- $316,141
- Liabilities
- $23,398
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MATTHEW GROTE (PRESIDENT)
Highest reported compensation
- TYLER GLODT (EXECUTIVE DI): $64,620 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Queen city bicycle collective's mission is to get, and keep, the manchester community riding bicycles, safely and affordably.
What it reported doing in 2024
Open shop/affordable bikes: qc bike operates a community oriented "do-it- together" repair shop, where bicycle users take the lead in fixing their bikes with the guidance and support of staff and volunteers. Whenever possible, the tools are in the bikeowner's hands. Repairs are completed using mostly recycled parts, keeping costs affordable. Over the past fiscal year, qc bike documented 600 open shop hours with 1,670 shop visits from 625 unique individuals. During that time we took in 952 donated bicycles which were used as raw stock for our vouchered bike programs, shared with similar projects, refurbished for sale at market rates, or refurbished for discounted sale at our shop. The remainder, deemed unsafe or too low quality to repair, were salvaged for usable parts to feed affordable repair services and our own production of refurbished bicycles. Parts which were not utilized were recycled as responsibly as possible - various metals separated, tires and tubes sent to rubber recycling. Of the 138 refurbished, donated bikes sold through the shop, more than half were provided at discounted prices, typically under 100, to ensure affordable access for low-income manchester residents who rely on bicycles for transportation. The remaining bikes were sold at fair market value to help sustain our operations.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 92
- Accountability: 74
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70%; rating input score 70
- Program expense ratio: 85.7%; rating input score 86
- Fundraising efficiency: $20.43 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 19.3%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 1.2; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 24.5%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: 9% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 10.8% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 17.8% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 70% of revenue deployed · 85.7% of spending went to programs
- Governance: 11 of 11 board members independent · 3 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $226K in reported program spending
- Leadership: top reported pay $65K · 12 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 58/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- High — Sustainability: Officer compensation ratio scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.