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

EIN: 271153597 501(c)(3) Community Improvement

ROCKFORD, IL

Total Revenue
$593,936
Total Expenses
$804,902
Total Assets
$8,278,887
Net Assets
$2,836,789
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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
IL
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

THE ROCK RIVER DEVELOPMENT PARTNERSHIP BRINGS BUSINESS AND PEOPLE TOGETHER TO CREATE A THRIVING ECONOMIC COMMUNITY. WE ARE ENTREPRENEURIAL AND EXPERIENTIAL MARKET MAKERS. OUR STRATEGY IS TO CREATE CONNECTIONS BETWEEN LOCAL ENTREPRENEURS AND CUSTOMERS TO DRIVE ECONOMY TO ROCKFORD'S URBAN CORE AND HISTORIC COMMERCIAL DISTRICTS.

Program Service Accomplishments

Program 1
Expenses: $564,776 Revenue: $325,927

OUR MARKETS BRING BUSINESS AND CUSTOMERS TOGETHER TO ENRICH THE COMMUNITY, BUSINESS, AND REVIVE THE HISTORIC DOWNTOWN AREA.

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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%)

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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

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Governance

Voting Members
5
Independent Members
4
Employees
20
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
2
$63,003
Total Directors
7
$63,003
Key Employees
0
$0
Highest Compensated
0
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
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