SOUTH MAIN SHOPPING CENTER

EIN: 020552826 Community Improvement

ROCKFORD, IL

Total Revenue
$8,959
Total Expenses
$9,694
Total Assets
$48,471
Net Assets
$48,471
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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
2001
Legal Domicile
IL
Principal Officer
JOHN PHELPS
Phone
8159878675
Tax Period
2020-10-01 to 2021-09-30

SOUTH MAIN SHOPPING CENTER, founded in 2001, is a micro nonprofit in the Community Improvement sector that reported $9K in total revenue in fiscal year 2020. Net assets of $48K represent 65 months of operating reserves.

Mission

TO ADVANCE THE COMMERCIAL INDUSTRIAL AND GENERAL WELFARE OF THE CITY OF ROCKFORD

Program Service Accomplishments

Program 1

TO PROVIDE AND ATTRACT MORE QUALITY RETAIL GOODS AND SERVICES, PROVIDE JOBS FOR NEIGHBORHOOD RESIDENTS, ELIMINATE BLIGHT AND RETURN A BROWNFIELD SITE TO USE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,959
Investment Income $0
Other Revenue $0
TOTAL REVENUE $8,959

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $9,694
TOTAL EXPENSES $9,694

Year-over-Year Comparison

2020 2019 Change
Revenue $8,959 $8,959 N/A
Expenses $9,694 $10,150 0.0%
Net Income $-735 $-1,191 -0.4%
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

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Governance

Voting Members
15
Independent Members
13
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
8
$222,320
Total Directors
15
$222,320
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AUDRA MONCUR DIRECTOR 1.00
Director
$0 $0 $0
JEFF FAHRENWALD DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SCHULTZ TREASURER 1.00
Officer Director
$0 $0 $0
BRIAN PETERSON PAST CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOHN PHELPS EXECUTIVE DIRECTOR 4.00
Officer Director
$0 $49,439 $222,320
BRENTEN WITHERBY DIRECTOR 1.00
Director
$0 $0 $0
J DANIEL O'BOYLE SECRETARY 1.00
Officer Director
$0 $0 $0
LINDA HECKERT CHAIRMAN 1.00
Officer Director
$0 $0 $0
TODD CAGNONI DIRECTOR 1.00
Director
$0 $0 $0
MICHELE PETRIE DIRECTOR 1.00
Director
$0 $0 $0
ED MUNGUIA VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
EARL DOTSON DIRECTOR 1.00
Director
$0 $0 $0
KARL SWANSON ASSISTANT TREASURER 1.00
Officer Director
$0 $0 $0
JAMES RYAN ASSISTANT SECRETARY 1.00
Officer Director
$0 $0 $0
KAREN WALSH 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
2021 $8,959 $9,694 $48,471 $-735
2020 $8,959 $10,150 $53,856 $-1,191
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