ROCKFORD AREA HABITAT FOR HUMANITY (EIN 363592066) - 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

1988

Legal Domicile

Principal Officer

KERI ASEVEDO

Phone

8156364573

Tax Period

2023-01-01 to 2023-12-31

ROCKFORD AREA HABITAT FOR HUMANITY, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $3.9M in total revenue in fiscal year 2023. The organization ran a surplus of $1.0M, a strong 27% operating margin.

Mission

HABITAT FOR HUMANITY BUILDS AND REHABS HOMES AND SELLS THEM TO LOW-INCOME BUYERS AT NO PROFIT WITH ZERO-INTEREST MORTGAGE LOANS.

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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 $1,628,980

Program Service Revenue $2,175,094

Investment Income $6,775

Other Revenue $101,124

TOTAL REVENUE $3,911,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,030,132

Fundraising Expenses $191,908

Program Expenses $2,422,407

Other Expenses $1,833,630

TOTAL EXPENSES $2,863,762

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,911,973	$3,654,501	+0.1%
Expenses	$2,863,762	$3,263,342	-0.1%
Net Income	$1,048,211	$391,159	+1.7%

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

3000

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

$103,306

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER SCHMELING	PRESIDENT	2.00	Officer Director	$0	$0	$0
GLASA GOTTSCHALK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PETE RUNDQUIST	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID BLACK	SECRETARY	2.00	Officer Director	$0	$0	$0
ERIK JACOBS	SECRETARY	2.00	Director	$0	$0	$0
MIKE HOTOPP	DIRECTOR	2.00	Director	$0	$0	$0
NORMA JOSEPH	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL LASKONIS	DIRECTOR	2.00	Director	$0	$0	$0
DAVE SMITH	DIRECTOR	2.00	Director	$0	$0	$0
OCTAVIA WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
JOANN ROSSI	DIRECTOR	2.00	Director	$0	$0	$0
PAT NIMTZ COFFMAN	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES SHERMAN	DIRECTOR	2.00	Director	$0	$0	$0
LUKE BUTZ	DIRECTOR	2.00	Director	$0	$0	$0
DEVONNA FOAT	DIRECTOR	2.00	Director	$0	$0	$0
KERI ASEVEDO	EXECUTIVE DIRECTOR	40.00	Officer	$102,806	$500	$103,306

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	$3,911,973	$2,863,762	$6,795,881	$1,048,211
2023	$4,016,327	$2,863,762	$6,611,182	$1,152,565
2022	$3,654,501	$3,263,342	$5,454,593	$391,159
2021	$2,673,222	$1,986,720	$3,945,644	$686,502
2020	$2,103,772	$1,619,020	$3,379,881	$484,752
2019	$1,911,130	$1,486,682	$3,294,791	$424,448
2018	$2,360,211	$2,689,131	$2,855,741	$-328,920

ROCKFORD AREA HABITAT FOR HUMANITY