ROCKFORD AREA STRATEGIC INITIATIVES (EIN 270964918) - 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

2009

Legal Domicile

Principal Officer

CAITLIN PUSATERI

Phone

8159878100

Tax Period

2024-01-01 to 2024-12-31

ROCKFORD AREA STRATEGIC INITIATIVES, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $358K in total revenue in fiscal year 2024. Revenue surged 126% from the prior year, signaling strong growth momentum.

Mission

THE PRIMARY ROLE OF THE ROCKFORD AREA STRATEGIC INITIATIVE IS TO ENHANCE EDUCATION, COMMERCE, TRADE AND ECONOMIC DEVELOPMENT IN THE ROCKFORD REGION

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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 $357,525

Program Service Revenue $0

Investment Income $0

Other Revenue $571

TOTAL REVENUE $358,096

Expense Breakdown

Grants Paid $357,525

Salaries & Benefits $0

Fundraising Expenses $225

Program Expenses $357,975

Other Expenses $900

TOTAL EXPENSES $358,425

Year-over-Year Comparison

	2024	2023	Change
Revenue	$358,096	$158,390	+1.3%
Expenses	$358,425	$158,683	+1.3%
Net Income	$-329	$-293	+0.1%

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

N/A

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

$243,703

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLY COUPER	CHAIR	5.00	Officer Director	$0	$0	$0
CONOR BROWN	VICE CHAIR	5.00	Officer Director	$0	$0	$0
NATE JORDAN	TREASURER	5.00	Officer Director	$0	$0	$0
TERRY VOSKUIL	PAST CHAIR	5.00	Officer Director	$0	$0	$0
WENDY ALSTEEN	DIRECTOR	5.00	Director	$0	$0	$0
TRAVIS ANDERSEN	DIRECTOR	5.00	Director	$0	$0	$0
ARMANDO CARDENAS	DIRECTOR	5.00	Director	$0	$0	$0
PAULA CARYNSKI	DIRECTOR	5.00	Director	$0	$0	$0
JEAN CROSBY	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL DUNN JR	DIRECTOR	5.00	Director	$0	$0	$0
DIETMAR GOELLNER	DIRECTOR	5.00	Director	$0	$0	$0
THOMAS GREEN	DIRECTOR	5.00	Director	$0	$0	$0
JOHN GROH	DIRECTOR	5.00	Director	$0	$0	$0
MICK GRONEWOLD	DIRECTOR	5.00	Director	$0	$0	$0
TROY HAGGESTAD	DIRECTOR	5.00	Director	$0	$0	$0
DR SHEILA HILL	DIRECTOR	5.00	Director	$0	$0	$0
JEFF HULTMAN	DIRECTOR	5.00	Director	$0	$0	$0
STEVEN KOTSO	DIRECTOR	5.00	Director	$0	$0	$0
CARLY LAMONICA	DIRECTOR	5.00	Director	$0	$0	$0
TOM MCNAMARRA	DIRECTOR	5.00	Director	$0	$0	$0
FRANK WEHRSTEIN	DIRECTOR	5.00	Director	$0	$0	$0
ANGELA LARSON	DIRECTOR	5.00	Director	$0	$5,750	$85,474
CAITLIN PUSATERI	DIRECTOR	5.00	Director	$0	$13,565	$158,229

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	$358,096	$358,425	$134,782	$-329
2019	$758	$12,361	$86,929	$-11,603

ROCKFORD AREA STRATEGIC INITIATIVES