ROCKFORD AREA ARTS COUNCIL

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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

2024-09-01 to 2025-08-31

ROCKFORD AREA ARTS COUNCIL, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $736K in total revenue in fiscal year 2024.

Mission

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

Program Service Accomplishments

Program 1

ARTSPLACE - SUMMER INTERNSHIP PROGRAM FOR YOUTH AGES 14-18. YOUTH WORK ON TEAMS SUPERVISED AND GUIDED BY PROFESSIONAL ARTISTS TO CREATE ORIGINAL WORKS IN THEATER, DANCE, LITERATURE, AND VISUAL ARTS.

Program 2

OUR TOWN/NEA - AN ARTS PROGRAM DONE IN PARTNERSHIP WITH ROCKFORD HOUSING AUTHORITY TO ASSIST LOW-INCOME ADULTS TO DEVELOP ARTISTIC TALENTS AND DEVELOP BUSINESS OPPORTUNITIES WITH AND FOR THEM.

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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 $681,643

Program Service Revenue $0

Investment Income $7,523

Other Revenue $46,536

TOTAL REVENUE $735,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,977

Fundraising Expenses $128,217

Program Expenses $547,186

Other Expenses $457,986

TOTAL EXPENSES $741,963

Year-over-Year Comparison

	2024	2023	Change
Revenue	$735,702	$702,321	+0.0%
Expenses	$741,963	$803,005	-0.1%
Net Income	$-6,261	$-100,684	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
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	DIRECTOR	2.00	Director	$0	$0	$0
JOHN GROH	DIRECTOR	2.00	Director	$0	$0	$0
ERIN HANNIGAN	SECRETARY	2.00	Officer Director	$0	$0	$0
SONYA HOPPES	DIRECTOR	2.00	Director	$0	$0	$0
BRYN JAKEWAY	DIRECTOR	2.00	Director	$0	$0	$0
EMILY LIPINSKY	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	TREASURER	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
MARY MCNAMARA BERNSTEN	EXECUTIVE DI	40.00	Officer	$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
2025	$735,702	$741,963	$423,266	$-6,261
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