ROCKFORD AREA ARTS COUNCIL (EIN 237039197) - 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

1977

Legal Domicile

Principal Officer

MARY MCNAMARA BERNSTEN

Phone

8159636765

Tax Period

2023-09-01 to 2024-08-31

ROCKFORD AREA ARTS COUNCIL, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $303K in total revenue in fiscal year 2017. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $275K left a modest 9% surplus.

Mission

THE ROCKFORD AREA ARTS COUNCIL (RAAC) EXISTS TO SUPPORT, PROMOTE, AND DEVELOP ACCESS TO THE ARTS FOR EVERYONE.

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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 $705,032

Program Service Revenue $0

Investment Income $7,419

Other Revenue $-10,130

TOTAL REVENUE $702,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $296,051

Fundraising Expenses $127,306

Program Expenses $618,531

Other Expenses $506,954

TOTAL EXPENSES $803,005

Year-over-Year Comparison

	2023	2022	Change
Revenue	$702,321	$661,699	+0.1%
Expenses	$803,005	$698,087	+0.2%
Net Income	$-100,684	$-36,388	+1.8%

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

$79,565

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY MCNAMARA BERNSTEN	EXECUTIVE DI	40.00	Officer	$79,565	$0	$79,565
ARMANDO CARDENAS	DIRECTOR	2.00	Director	$0	$0	$0
TRICIA DIDUCH	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER DRONKERS	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA FRANCIS	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID GOMEL	DIRECTOR	2.00	Director	$0	$0	$0
JOHN GROH	DIRECTOR	2.00	Director	$0	$0	$0
ERIN HANNIGAN	DIRECTOR	2.00	Director	$0	$0	$0
SONYA HOPPES	DIRECTOR	2.00	Director	$0	$0	$0
BRYN JAKEWAY	DIRECTOR	2.00	Director	$0	$0	$0
YASH MUSABJI	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW QUINTANILLA	DIRECTOR	2.00	Director	$0	$0	$0
VICTOR RIVERA	DIRECTOR	2.00	Director	$0	$0	$0
BILL ROSE	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA SANTILLAN	DIRECTOR	2.00	Director	$0	$0	$0
JANELLE VAIDEN	SECRETARY	2.00	Officer Director	$0	$0	$0
THOMAS WEIGHTMAN	CHAIR	2.00	Officer Director	$0	$0	$0
LYNN WILLIAMS	VICE CHAIR	2.00	Officer 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	$702,321	$803,005	$431,950	$-100,684
2023	$661,699	$698,087	$538,427	$-36,388
2022	$555,135	$408,995	$560,252	$146,140
2021	$371,050	$310,356	$433,156	$60,694
2020	$280,623	$221,646	$381,525	$58,977
2019	$259,832	$269,482	$288,863	$-9,650
2018	$302,973	$275,030	$241,139	$27,943

ROCKFORD AREA ARTS COUNCIL