ROCK RIVER DEVELOPMENT PARTNERSHIP INC A NOT-FOR-PROFIT CORPORATION (EIN 271153597) - 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

PETER J PROVENZANO

Phone

8159775124

Tax Period

2023-01-01 to 2023-12-31

ROCK RIVER DEVELOPMENT PARTNERSHIP INC A NOT-FOR-PROFIT CORPORATION, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $594K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $805K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO ORGANIZE AND COORDINATE REDEVELOPMENT EFFORTS WITHIN THE CITY OF ROCKFORD.

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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 $132,477

Program Service Revenue $275,446

Investment Income $45,308

Other Revenue $140,705

TOTAL REVENUE $593,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,366

Fundraising Expenses $69,540

Program Expenses $564,776

Other Expenses $588,536

TOTAL EXPENSES $804,902

Year-over-Year Comparison

	2023	2022	Change
Revenue	$593,936	$520,969	+0.1%
Expenses	$804,902	$803,568	+0.0%
Net Income	$-210,966	$-282,599	-0.3%

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

275

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

$63,003

Total Directors

$63,003

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER PROVENZANO	CHAIRMAN	2.00	Officer Director	$0	$0	$0
CATHERINE MCDERMOTT	EXECUTIVE DIRECTOR	50.00	Officer Director	$63,003	$0	$63,003
THOMAS BUDD	DIRECTOR	2.00	Director	$0	$0	$0
LORAYNE LOGAN	DIRECTOR	2.00	Director	$0	$0	$0
DOUGLAS MARK	DIRECTOR	2.00	Director	$0	$0	$0
TYLER SMITH	DIRECTOR	2.00	Director	$0	$0	$0
ZINA HORTON	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$593,936	$804,902	$8,278,887	$-210,966
2022	$520,969	$803,568	$8,937,636	$-282,599
2021	$519,932	$735,976	$7,879,125	$-216,044
2020	$789,345	$667,239	$7,728,598	$122,106
2019	$756,029	$617,124	$7,637,939	$138,905
2018	$689,015	$433,767	$8,075,062	$255,248

ROCK RIVER DEVELOPMENT PARTNERSHIP INC A NOT-FOR-PROFIT CORPORATION