ROCKFORD PARK DISTRICT FOUNDATION

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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

1980

Legal Domicile

Principal Officer

LORI BERKES-NELSON

Phone

8159871695

Tax Period

2023-01-01 to 2023-12-31

ROCKFORD PARK DISTRICT FOUNDATION, founded in 1980, is a community nonprofit in the Environment sector that reported $4.7M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 23% operating margin.

Mission

TO ASSIST THE ROCKFORD PARK DISTRICT BY SECURING PHILANTHROPIC SUPPORT ON ITS BEHALF AND ENHANCING AWARENESS OF THE DISTRICT'S BENEFITS TO THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $3,131,948

COMMUNITY THE ESTABLISHMENT OF THE PERKS FAMILY EQUINE CENTER MARKS A SIGNIFICANT MILESTONE IN THE HISTORY OF THE ROCKFORD PARK DISTRICT, WITH THE POTENTIAL TO BECOME A CORNERSTONE FOR THE...

COMMUNITY THE ESTABLISHMENT OF THE PERKS FAMILY EQUINE CENTER MARKS A SIGNIFICANT MILESTONE IN THE HISTORY OF THE ROCKFORD PARK DISTRICT, WITH THE POTENTIAL TO BECOME A CORNERSTONE FOR THE COMMUNITY'S WELL-BEING. THROUGH EQUINE-ASSISTED PSYCHOTHERAPY (EAP) AND EQUINE-ASSISTED LEARNING (EAL), THIS STATE-OF-THE-ART FACILITY AIMS TO OFFER VITAL HOPE AND HEALING TO YOUTH ACROSS THE REGION. THE FOUNDATION'S SUPPORT ALSO IMPROVED RECREATIONAL AREAS LIKE THE NEWLY REVITALIZED OXFORD PARK, RENAMED THE JOHN BECK MEMORIAL PLAYGROUND IN THE EDGEWATER NEIGHBORHOOD. GENEROUS DONATIONS AND GRANTS EXTENDED BY THE FOUNDATION BOLSTERED VARIOUS COMMUNITY EVENTS AND INITIATIVES SUCH AS MUSIC IN THE PARK, CITY OF GARDENS, SNOW SCULPTING, LOCKWOOD PARK, AND LOCAL GOLF COURSES. ADDITIONALLY, INDIVIDUALS WITH DISABILITIES WERE PROVIDED OPPORTUNITIES TO ENGAGE IN RECREATIONAL ACTIVITIES THROUGH THERAPEUTIC RECREATION SERVICES, INCLUDING BUDDY BASEBALL, BE SOCIAL ADULT PROGRAM, AND JR. CHARIOT'S WHEELCHAIR BASKETBALL, WITH PARTIAL FUNDING FROM THE FOUNDATION.

Program 2

Expenses: $290,072

YOUTH IN 2023, THE FOUNDATION EXTENDED SUPPORT TO FAMILIES FACING FINANCIAL CONSTRAINTS, ENABLING THEIR CHILDREN TO ENGAGE IN RECREATIONAL ACTIVITIES, CAMPS, AND LESSONS THROUGH THE "HELP ME PLAY"...

YOUTH IN 2023, THE FOUNDATION EXTENDED SUPPORT TO FAMILIES FACING FINANCIAL CONSTRAINTS, ENABLING THEIR CHILDREN TO ENGAGE IN RECREATIONAL ACTIVITIES, CAMPS, AND LESSONS THROUGH THE "HELP ME PLAY" FEE ASSISTANCE INITIATIVE. THANKS TO THE FOUNDATION'S FUNDING, YOUNGSTERS HAD THE OPPORTUNITY TO PARTAKE IN VARIOUS ACTIVITIES SUCH AS OUTDOOR EDUCATION, HOCKEY TEAMS, NFL FLAG FOOTBALL, TRACK & FIELD, AND SUMMER CAMPS.

Program 3

Expenses: $18,542

MEMORIALTHE FOUNDATION'S EFFORTS EXTENDED TO HONOR THE MEMORIES OF LOVED ONES THROUGH THE CELEBRATE LIFE PROGRAM, WHICH INVOLVED THE INSTALLATION OF FOUR MEMORIAL BENCHES, THE PLANTING OF 18 TREES...

MEMORIALTHE FOUNDATION'S EFFORTS EXTENDED TO HONOR THE MEMORIES OF LOVED ONES THROUGH THE CELEBRATE LIFE PROGRAM, WHICH INVOLVED THE INSTALLATION OF FOUR MEMORIAL BENCHES, THE PLANTING OF 18 TREES, AND THE PLACEMENT OF MORE THAN 60 MEMORIAL BRICKS. ADDITIONALLY, THE ERIC LARSON ICE HOCKEY MEMORIAL SCHOLARSHIP WAS ESTABLISHED TO ASSIST FAMILIES REQUIRING EXTRA SUPPORT TO PARTICIPATE IN YOUTH HOCKEY WITHIN THE ROCKFORD PARK DISTRICT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,031,123

Program Service Revenue $0

Investment Income $620,174

Other Revenue $28,297

TOTAL REVENUE $4,679,594

Expense Breakdown

Grants Paid $3,332,691

Salaries & Benefits $0

Fundraising Expenses $17,076

Program Expenses $3,516,939

Other Expenses $285,850

TOTAL EXPENSES $3,618,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,679,594	$3,399,217	+0.4%
Expenses	$3,618,541	$1,668,947	+1.2%
Net Income	$1,061,053	$1,730,270	-0.4%

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

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
MIKE ROBINSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
MONICA GLENNY	PAST PRESIDENT	2.00	Director	$0	$0	$0
KENT KOHLBACHER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RUSS JOHANSSON	SECRETARY	2.00	Officer Director	$0	$0	$0
MINDY LUCCHESI	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
BRENT BERNARDI	DIRECTOR (END 09/30/2023)	2.00	Director	$0	$0	$0
GINO GALLUZZO	DIRECTOR	2.00	Director	$0	$0	$0
TOM GREEN	DIRECTOR	2.00	Director	$0	$0	$0
GWYN GULLEY	DIRECTOR	2.00	Director	$0	$0	$0
ZINA HORTON	DIRECTOR	2.00	Director	$0	$0	$0
YASHEKIA GOLDSMITH	DIRECTOR	2.00	Director	$0	$0	$0
JOHN TORRENCE	DIRECTOR	2.00	Director	$0	$0	$0
JULIA ZIMMERMAN	DIRECTOR	2.00	Director	$0	$0	$0
ANTHONY BONNER	DIRECTOR (END 09/30/2023)	2.00	Director	$0	$0	$0
CARLA TOWNS	DIRECTOR	2.00	Director	$0	$0	$0
MARTESHA BROWN	BOARD LIAISON (END 9/30/23)	2.00	Director	$0	$0	$0
MIKE BROSKI	DIRECTOR	2.00	Director	$0	$0	$0
ELDRIDGE SKIP GILBERT	DIRECTOR	2.00	Director	$0	$0	$0
PAULETTE GILBERT	DIRECTOR	2.00	Director	$0	$0	$0
ERIK ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
ALEXANDER TABB	DIRECTOR	2.00	Director	$0	$0	$0
MIGUEL PASCUAL	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW SMITH	DIRECTOR	2.00	Director	$0	$0	$0
ALLISON BERNARDI INSKO	DIRECTOR	2.00	Director	$0	$0	$0
PAULINA SIHAKOM	DIRECTOR	2.00	Director	$0	$0	$0
STEVE HAMILTON	DIRECTOR	2.00	Director	$0	$0	$0
TYLER SMITH	DIRECTOR	2.00	Director	$0	$0	$0
OWEN CARTER	DIRECTOR	2.00	Director	$0	$0	$0
LORI BERKES-NELSON	RPDF DIRECTOR	40.50	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
2024	No data	No data	No data	No data
2023	$4,679,594	$3,618,541	$15,311,321	$1,061,053
2022	$3,399,217	$1,668,947	$11,910,600	$1,730,270
2021	$2,792,134	$2,072,155	$12,140,092	$719,979
2020	$1,866,023	$1,372,828	$10,808,124	$493,195
2019	$1,612,000	$1,910,911	$10,433,733	$-298,911
2018	$3,605,329	$2,932,032	$10,187,346	$673,297