ROCKFORD LUTHERAN SCHOOLS FOUNDATION (EIN 363752044) - 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

1989

Legal Domicile

Principal Officer

JOHN WICHMANN

Phone

8158779551

Tax Period

2024-07-01 to 2025-06-30

ROCKFORD LUTHERAN SCHOOLS FOUNDATION, founded in 1989, is a micro nonprofit in the Education sector that reported $89K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $104K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO DEVELOP RESOURCES TO PROVIDE FOR CURRENT AND FUTURE BENEFIT OF LUTHERAN HIGH SCHOOL ASSOCIATION OF THE GREATER ROCKFORD AREA IN PROVIDING A CHRISTIAN ENVIRONMENT FOR MINISTRY, EDUCATION, FELLOWSHIP AND RELATED ACTIVITIES.

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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 $6,360

Program Service Revenue $0

Investment Income $83,092

Other Revenue $0

TOTAL REVENUE $89,452

Expense Breakdown

Grants Paid $82,208

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,208

Other Expenses $22,086

TOTAL EXPENSES $104,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,452	$118,668	-0.2%
Expenses	$104,294	$120,420	-0.1%
Net Income	$-14,842	$-1,752	+7.5%

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
JOHN WICHMANN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN PENNEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KEITH AKRE	TREASURER	2.00	Officer Director	$0	$0	$0
TIM FREIBERG	SECRETARY	2.00	Officer Director	$0	$0	$0
ALEX GOELLNER	MEMBER	2.00	Director	$0	$0	$0
JEFF NELSON	MEMBER	2.00	Director	$0	$0	$0
FABIAN SEYLLER	MEMBER	2.00	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
2025	$89,452	$104,294	$1,939,536	$-14,842
2024	$118,668	$120,420	$1,845,258	$-1,752
2023	$70,239	$177,210	$1,725,806	$-106,971
2022	$219,337	$162,962	$1,779,806	$56,375
2021	$151,909	$202,543	$2,138,919	$-50,634
2020	$172,520	$149,500	$1,800,771	$23,020
2019	$495,158	$205,055	$1,883,625	$290,103

ROCKFORD LUTHERAN SCHOOLS FOUNDATION