ROCKFORD PROMISE (EIN 260388141) - 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

2007

Legal Domicile

Principal Officer

MAURICE REDD

Phone

8156270491

Tax Period

2024-07-01 to 2025-06-30

ROCKFORD PROMISE, founded in 2007, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 66% operating margin.

Mission

REMOVE FINANCIAL BARRIERS BY OFFERING FULL-TUITION SCHOLARSHIPS AND PROVIDE SUPPORT TO ENHANCE STUDENT SUCCESS TO DEGREE OR PROGRAM COMPLETION

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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 $4,432,151

Program Service Revenue $0

Investment Income $169,370

Other Revenue $-24,996

TOTAL REVENUE $4,576,525

Expense Breakdown

Grants Paid $918,280

Salaries & Benefits $476,355

Fundraising Expenses $49,731

Program Expenses $1,329,275

Other Expenses $168,329

TOTAL EXPENSES $1,562,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,576,525	$2,736,183	+0.7%
Expenses	$1,562,964	$1,403,887	+0.1%
Net Income	$3,013,561	$1,332,296	+1.3%

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

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

$101,214

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAURICE REDD	PRESIDENT/IN	4.00	Officer Director	$0	$0	$0
SUSAN COVINGTON-FUMO	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JON PICK	TREASURER	2.00	Officer Director	$0	$0	$0
EMILY HARTZOG	SECRETARY	2.00	Officer Director	$0	$0	$0
EVAN BONNETT	BOD	2.00	Director	$0	$0	$0
SCOT DOBBS	BOD	2.00	Director	$0	$0	$0
KEITH KRUCHTEN	BOD	2.00	Director	$0	$0	$0
PATRICK PEYER	BOD	2.00	Director	$0	$0	$0
DIEGO VALDIVIA	BOD	2.00	Director	$0	$0	$0
ROBERT YOUNG	BOD	2.00	Director	$0	$0	$0
JAKE TROTTER	BOD	2.00	Director	$0	$0	$0
KRISTINA REUBER	BOD	2.00	Director	$0	$0	$0
LISA JIMENEZ	BOD	2.00	Director	$0	$0	$0
ADAM ZAYED	BOD	2.00	Director	$0	$0	$0
MUSTAFA ABDALL	BOD	2.00	Director	$0	$0	$0
KAYLENE GROH	EXECUTIVE DI	40.00	Officer	$94,504	$6,710	$101,214

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	$4,576,525	$1,562,964	$8,233,462	$3,013,561
2024	$2,736,183	$1,403,887	$4,936,656	$1,332,296
2023	$2,437,043	$1,061,682	$3,507,697	$1,375,361
2022	$1,866,293	$549,216	$2,107,240	$1,317,077
2021	$351,252	$368,341	$797,851	$-17,089
2020	$362,895	$190,915	$799,986	$171,980
2019	$401,984	$162,019	$628,006	$239,965
2018	$323,376	$56,165	$388,041	$267,211

ROCKFORD PROMISE