NORTH ROCKFORD CONVALESCENT HOME

EIN: 362182076 501(c)(3) Health Care

ROCKFORD, IL

Total Revenue
$4,745,314
Total Expenses
$4,995,120
Total Assets
$24,998,012
Net Assets
$-6,186,803
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1900
Legal Domicile
IL
Principal Officer
Frances Salinas
Phone
8153977120
Tax Period
2023-07-01 to 2024-06-30

NORTH ROCKFORD CONVALESCENT HOME, founded in 1900, is a community nonprofit in the Health Care sector that reported $4.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

Peterson Meadows provides housing and services for senior citizens, with stated purposes including promoting christian principles for the development and improvement of persons of retirement age, and inspiring seniors to celebrate life.

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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 $115
Program Service Revenue $4,475,467
Investment Income $0
Other Revenue $269,732
TOTAL REVENUE $4,745,314

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,155,741
Other Expenses $4,995,120
TOTAL EXPENSES $4,995,120

Year-over-Year Comparison

2023 2022 Change
Revenue $4,745,314 $4,258,426 +0.1%
Expenses $4,995,120 $4,019,785 +0.2%
Net Income $-249,806 $238,641 -2.0%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
75

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
4
$433,557
Total Directors
11
$0
Key Employees
4
$1,212,855
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frances Salinas President 0
Officer Key Emp Highest
$0 $28,434 $433,557
William Pratt CEO - OUTGOING 0
Key Emp
$0 $17,025 $373,199
Brett Nelson Chief Financial Officer 0
Key Emp
$0 $16,798 $203,692
Helen Dittmer Chief Resident Engagement Officer 0
Key Emp
$0 $17,898 $202,407
Joe Clinton Board Member 0
Director
$0 $0 $0
Denise Popp Chairperson of the Board 0
Officer Director
$0 $0 $0
Jack Croffoot Secretary 0
Officer Director
$0 $0 $0
Dennis Roop Board Member 0
Director
$0 $0 $0
Joe Scandroli Board Member 0
Director
$0 $0 $0
David Schmitt Vice Chair 0
Officer Director
$0 $0 $0
Don Williams Board Member 0
Director
$0 $0 $0
Joseph Garry Board Member 0
Director
$0 $0 $0
Mark McClenathan Board Member 0
Director
$0 $0 $0
Tammy Zurfluh Board Member 0
Director
$0 $0 $0
Samuel Schmitz Board Member 0
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
2025 No data No data No data No data
2024 $4,745,314 $4,995,120 $24,998,012 $-249,806
2023 $4,258,426 $4,019,785 $19,868,674 $238,641
2022 $4,001,213 $3,961,430 $17,538,376 $39,783
2021 $3,914,186 $3,880,610 $18,060,526 $33,576
2020 $3,870,781 $4,230,222 $18,541,107 $-359,441
2019 $3,813,968 $4,492,223 $16,518,041 $-678,255
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