ROCKFORD CHARTER SCHOOL ORGANIZATI… - Form 990 Financial Data

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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

EMILY WALLEN

Phone

8153160093

Tax Period

2022-07-01 to 2023-06-30

ROCKFORD CHARTER SCHOOL ORGANIZATION, founded in 2009, is a community nonprofit in the Education sector that reported $4.3M in total revenue in fiscal year 2022. Expenses of $3.7M left a modest 14% surplus.

Mission

TO PROVIDE, THROUGH INNOVATION AND CHOICE, AN ATTRACTIVE AND RIGOROUS COLLEGE-PREPARATORY EDUCATION THAT MEETS THE NEEDS OF TODAY'S STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $3,353,560 Revenue: $264,683

TO EMPOWER OUR STUDENTS TO BECOME GLOBAL LEADERS WHO CONNECT, EXPLORE, AND CREATE THROUGH REAL WORLD LEARNING EXPERIENCES. OUR GUIDING PRINCIPLES ARE TO FOSTER INDIVIDUAL CHOICES, EMBRACE DIVERSITY, ENCOURAGE CURIOSITY, BEGIN AND END WITH COMPASSION, COMMIT RELENTLESSLY, AND ENCOURAGE LIFELONG COURAGE TO CULTIVATE CHARACTER.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,932,531

Program Service Revenue $264,683

Investment Income $18,082

Other Revenue $58,087

TOTAL REVENUE $4,273,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,423,548

Fundraising Expenses $0

Program Expenses $3,353,560

Other Expenses $1,253,225

TOTAL EXPENSES $3,676,773

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,273,383	$4,297,114	0.0%
Expenses	$3,676,773	$3,192,629	+0.2%
Net Income	$596,610	$1,104,485	-0.5%

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

$100,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM CUNNINGHAM JR MD FACOG	PRESIDENT/CHAIR	2.00	Officer Director	$0	$0	$0
TAMIR BELL	TREASURER	2.00	Officer Director	$0	$0	$0
CARLA REDD	SECRETARY	2.00	Officer Director	$0	$0	$0
ANTONIO TURNER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JACOB BRADT	DIRECTOR	2.00	Director	$0	$0	$0
JAY WARE	DIRECTOR (THRU 1/19/23)	2.00	Director	$0	$0	$0
ANISHA GRIMMETT	DIRECTOR	2.00	Director	$0	$0	$0
RICARDO MONTOYA PICAZO	DIRECTOR (START 2/23/23)	2.00	Director	$0	$0	$0
EMILY WALLEN	EX DIRECTOR-PRINCIPAL	40.00	Officer	$100,500	$0	$100,500

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$4,273,383	$3,676,773	$4,870,164	$596,610
2022	$4,297,114	$3,192,629	$4,412,565	$1,104,485
2021	$3,026,437	$2,962,990	$3,528,867	$63,447
2020	$3,195,355	$3,385,074	$3,552,933	$-189,719
2019	$4,465,315	$4,395,060	$3,994,891	$70,255
2018	$4,956,486	$4,479,482	$3,891,280	$477,004

ROCKFORD CHARTER SCHOOL ORGANIZATION