ROCK ISLAND-MILAN EDUCATION FOUNDATION (EIN 363504459) - 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

1986

Legal Domicile

Phone

3097935900

Tax Period

2024-01-01 to 2024-12-31

ROCK ISLAND-MILAN EDUCATION FOUNDATION, founded in 1986, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $629K, a strong 48% operating margin.

Mission

TO SOLICIT FUNDS FROM THE GENERAL PUBLIC TO PROVIDE SUPPORT FOR ROCK ISLAND - MILAN SCHOOL DISTRICT GRADUATING STUDENTS THROUGH SCHOLARSHIPS AND PROVIDE SUPPORT TO ROCK ISLAND-MILAN SCHOOL DISTRICT TEACHERS WITH TEACHER ASSISTANCE GRANTS.

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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 $813,302

Program Service Revenue $0

Investment Income $487,985

Other Revenue $0

TOTAL REVENUE $1,301,287

Expense Breakdown

Grants Paid $496,515

Salaries & Benefits $72,664

Fundraising Expenses $0

Program Expenses $612,749

Other Expenses $103,157

TOTAL EXPENSES $672,336

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,301,287	$969,469	+0.3%
Expenses	$672,336	$614,731	+0.1%
Net Income	$628,951	$354,738	+0.8%

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

Total Directors

$67,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONTA PONSETTO	Executive Dir.	40.00	Director	$67,500	$0	$67,500
BOB SWANSON	Director	1.00	Director	$0	$0	$0
DR BRYAN BLEW	President	1.00	Officer Director	$0	$0	$0
ZACH EDWARDS	Vice President	1.00	Officer Director	$0	$0	$0
DOUG HULTQUIST	Director	1.00	Director	$0	$0	$0
IAN FRINK	Director	1.00	Director	$0	$0	$0
RACHEL GUSTAFSON	Director	1.00	Director	$0	$0	$0
BARB CADY	President	1.00	Director	$0	$0	$0
CHRIS ELSBURG	Director	1.00	Director	$0	$0	$0
ERIC ROWELL	Director	1.00	Director	$0	$0	$0
SHELLE SHOWALTER	Treasurer	2.00	Officer Director	$0	$0	$0
STEVE ANDICH	Secretary	1.00	Officer Director	$0	$0	$0
LASHANTA WILLIAMS	Director	1.00	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
2024	$1,301,287	$672,336	$4,672,833	$628,951
2023	$969,469	$614,731	$4,043,814	$354,738
2022	$175,859	$571,322	$3,689,076	$-395,463
2021	$853,499	$370,971	$4,085,555	$482,528
2020	$677,340	$337,521	$3,602,011	$339,819
2019	$943,130	$528,062	$3,263,001	$415,068
2018	$206,758	$764,704	$2,848,094	$-557,946

ROCK ISLAND-MILAN EDUCATION FOUNDATION