ROCKFORD AREA COMMUNITY ENDOWMENT (EIN 320095669) - 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

1964

Legal Domicile

Phone

6164810635

Tax Period

2024-01-01 to 2024-12-31

ROCKFORD AREA COMMUNITY ENDOWMENT, founded in 1964, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $123K in total revenue in fiscal year 2024. Net assets of $827K represent 81 months of operating reserves.

Mission

ROCKFORD AREA COMMUNITY ENDOWMENT IS A LOCAL FOUNDATION COMMITTED TO ASSISTING ROCKFORD AREA RESIDENTS, BUSINESSES, GOVERNMENT AND VOLUNTEER ORGANIZATIONS TO EXPAND OPPORTUNITIES LOCALLY. RACE WAS FOUNDED IN 1964.

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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 $88,751

Program Service Revenue $0

Investment Income $33,780

Other Revenue $0

TOTAL REVENUE $122,531

Expense Breakdown

Grants Paid $67,616

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,642

Other Expenses $55,026

TOTAL EXPENSES $122,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$122,531	$125,290	0.0%
Expenses	$122,642	$110,604	+0.1%
Net Income	$-111	$14,686	-1.0%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACIE RICH	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SPENCER	DIRECTOR	2.00	Director	$0	$0	$0
MARY ANN ANDERSEN	DIRECTOR	2.00	Director	$0	$0	$0
JAKE HIMMELSPACH	DIRECTOR	2.00	Director	$0	$0	$0
GREG DOERR	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD ROSS	VICE PRESIDENT	2.00	Officer	$0	$0	$0
BRIAN MCNAMARA	TREASURER	2.00	Officer	$0	$0	$0
NEIL BLAKESLEE	SECRETARY	2.00	Officer	$0	$0	$0
GORDON PICKERD	PRESIDENT	5.00	Officer	$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
2025	No data	No data	No data	No data
2024	$122,531	$122,642	$826,705	$-111
2023	$125,290	$110,604	$767,180	$14,686
2022	$80,553	$36,814	$663,630	$43,739
2021	$131,494	$92,692	$766,146	$38,802
2020	$53,096	$13,387	$662,546	$39,709
2019	$56,855	$13,278	$543,707	$43,577
2018	$95,311	$226,158	$443,593	$-130,847

ROCKFORD AREA COMMUNITY ENDOWMENT