ROCKFORD UNIVERSITY (EIN 362167842) - 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

1942

Legal Domicile

Principal Officer

PATRICIA LYNOTT

Phone

8152264000

Tax Period

2022-07-01 to 2023-06-30

ROCKFORD UNIVERSITY, founded in 1942, is a mid-sized nonprofit in the Education sector that reported $43.7M in total revenue in fiscal year 2022. Expenses of $41.3M left a modest 6% surplus.

Mission

TO EDUCATE MEN & WOMEN TO LEAD RESPONSIBLE LIVES BY MEANS OF A CURRICULUM GROUNDED IN LIBERAL ARTS LEARNING AND COMPLETED AND EXTENDED BY PROFESSIONAL AND PRACTICAL EXPERIENCE. THROUGH THE TOTAL ACADEMIC AND CO-CURRICULAR EXPERIENCE, ROCKFORD UNIVERSITY STRIVES TO PREPARE STUDENTS FOR FULFILLING LIVES, CAREERS AND PARTICIPATION IN A MODERN AND CHANGING GLOBAL SOCIETY.

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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 $6,264,430

Program Service Revenue $36,813,838

Investment Income $407,212

Other Revenue $233,274

TOTAL REVENUE $43,718,754

Expense Breakdown

Grants Paid $13,701,565

Salaries & Benefits $13,863,901

Fundraising Expenses $594,404

Program Expenses $38,754,249

Other Expenses $13,721,056

TOTAL EXPENSES $41,286,522

Year-over-Year Comparison

	2022	2021	Change
Revenue	$43,718,754	$42,847,892	+0.0%
Expenses	$41,286,522	$42,286,245	0.0%
Net Income	$2,432,232	$561,647	+3.3%

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

641

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

$1,165,725

Total Directors

$407,540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC W FULCOMER	PRESIDENT (TERM. 12/2022)	40.00	Officer Director	$330,299	$40,286	$370,585
PATRICIA LYNOTT	PRESIDENT	40.00	Officer Director	$36,955	$0	$36,955
REBECCA EPPERSON	CHAIR	1.00	Officer Director	$0	$0	$0
L THOMAS HEISER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEFFRY POTTER	SECRETARY	1.00	Officer Director	$0	$0	$0
GREG ALLEN	TREASURER	1.00	Officer Director	$0	$0	$0
AARON POTTER	TRUSTEE	1.00	Director	$0	$0	$0
ANISHA GRIMMETT	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA TANAGLIA	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES BOX	TRUSTEE	1.00	Director	$0	$0	$0
DAWN GILE	TRUSTEE	1.00	Director	$0	$0	$0
DR DEBORAH BREITER	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH DONOVAN	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH HEGEL	TRUSTEE	1.00	Director	$0	$0	$0
FRANK E WALTER	TRUSTEE	1.00	Director	$0	$0	$0
JAMES W KEELING	TRUSTEE	1.00	Director	$0	$0	$0
JOEL MOORE	TRUSTEE	1.00	Director	$0	$0	$0
KEITH AKRE	TRUSTEE	1.00	Director	$0	$0	$0
KRISTIN SMITH	TRUSTEE	1.00	Director	$0	$0	$0
LESLY COUPER	TRUSTEE	1.00	Director	$0	$0	$0
MARCI TAETS	TRUSTEE	1.00	Director	$0	$0	$0
NOR ALAMERY	TRUSTEE	1.00	Director	$0	$0	$0
PATTI TUMILOWICZ	TRUSTEE	1.00	Director	$0	$0	$0
TERESA BEACH-SHELOW	TRUSTEE	1.00	Director	$0	$0	$0
LISA CUSTARDO VP	FINANCE AND CFO (TERM. 05/2023)	40.00	Officer	$154,720	$19,727	$174,447
MICHAEL PERRY PROVOST AND	VP ACADEMIC AFFAIRS (TERM. 05/2023)	40.00	Officer	$135,619	$26,227	$161,846
RANDY WORDEN VP	STUDENT LIFE & DEAN OF STUDENT	40.00	Officer	$126,209	$13,400	$139,609
DEEPSHIKHA SHUKLA	PROVOST AND VP ACADEMIC AFFAIRS	40.00	Officer	$88,432	$25,690	$114,122
JOHN DIRAIMONDO	VP FINANCE AND CFO	40.00	Officer	$80,251	$16,894	$97,145
LINDA SANDQUSIT	VP ADVANCEMENT	40.00	Officer	$55,789	$15,227	$71,016

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	$43,718,754	$41,286,522	$59,570,964	$2,432,232
2022	$42,847,892	$42,286,245	$55,724,524	$561,647
2021	$42,582,169	$39,679,836	$59,292,959	$2,902,333
2020	$37,742,717	$37,570,754	$53,702,064	$171,963
2019	$38,346,195	$36,554,419	$51,881,842	$1,791,776
2018	$39,268,224	$36,574,859	$50,639,315	$2,693,365

ROCKFORD UNIVERSITY