ROCKFORD ROTARY CHARITABLE ASSOCIA… - Form 990 Financial Data

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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

1922

Legal Domicile

Principal Officer

MONICA GLENNY

Phone

8159880913

Tax Period

2023-07-01 to 2024-06-30

ROCKFORD ROTARY CHARITABLE ASSOCIATION, founded in 1922, is a micro nonprofit in the Community Improvement sector that reported $51K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $61K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE LEADERSHIP SUPPORT FOR AT RISK YOUTH IN AN EFFORT TO IMPROVE THE PERFORMANCE AND OUTCOME OF THE STUDENTS IN THE ROCKFORD PUBLIC SCHOOL DISTRICT FOR THE BENEFIT OF THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $42,306

ROTARY ACADEMY PROGRAM - THE ROTARY ACADEMY PROGRAM IS ROCKFORD ROTARY CHARITABLE ASSOCIATION'S SIGNATURE PROJECT. THE ROTARY ACADEMY IS A LEADERSHIP PROGRAM FOR AT RISK YOUTH IN THE ROCKFORD PUBLIC SCHOOL DISTRICT #205. IT INVOLVES MIDDLE SCHOOL STUDENTS RECEIVING VARIOUS LEADERSHIP AND TEAMWORK TRAINING, SUCH AS PARTICIPATION IN A HIGH ROPES COURSE OFFERED BY THE LOCAL YMCA, CRITICAL THINKING TRAINING, ETIQUETTE TRAINING AND RELATED EDUCATIONAL ACTIVITIES USUALLY INVOLVING A GROUP SERVICE PROJECT BY THOSE PARTICIPATING AT EACH OF THE DISTRICT'S MIDDLE SCHOOLS. THIS REPRESENTS A VERY SUBSTANTIAL ONGOING ACTIVITY FOR THE BENEFIT OF THE GENERAL PUBLIC IN EFFORTS TO IMPROVE THE PERFORMANCE AND OUTCOME OF THE STUDENTS IN THE ROCKFORD PUBLIC SCHOOL DISTRICT.

Program 2

Expenses: $5,537

DURING THE YEAR, ROCKFORD ROTARY CHARITABLE ASSOCIATION SPONSORED A YOUTH EXCHANGE PROGRAM.

Program 3

Expenses: $4,000

COLLEGE SCHOLARSHIPS - BASED ON A GENEROUS GIFT FROM THE BROTHER OF A DECEASED MEMBER, THE ROCKFORD ROTARY CHARITABLE ASSOCIATION ESTABLISHED A SCHOLARSHIP PROGRAM BY WHICH THE PRINCIPALS OF THE 10 AREA HIGH SCHOOLS SELECT A TEACHER AND A MALE AND FEMALE SENIOR STUDENT TO BE RECOGNIZED FOR THEIR COMMUNITY SERVICE WITH THE STUDENTS INVITED TO WRITE AN ESSAY ABOUT THEIR COMMUNITY SERVICE TO BE CONSIDERED FOR A SCHOLARSHIP. THE ESSAYS ARE REVIEWED BY A COMMITTEE OF THE ROCKFORD ROTARY CHARITABLE ASSOCIATION AND TWO OF THE STUDENTS, ONE MALE, ONE FEMALE, ARE SELECTED TO RECEIVE SCHOLARSHIPS FOR THEIR FIRST YEAR OF COLLEGE OR OTHER POST-SECONDARY EDUCATION.

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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 $7,752

Program Service Revenue $0

Investment Income $42,984

Other Revenue $0

TOTAL REVENUE $50,736

Expense Breakdown

Grants Paid $29,416

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,041

Other Expenses $31,259

TOTAL EXPENSES $60,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,736	$63,952	-0.2%
Expenses	$60,675	$76,041	-0.2%
Net Income	$-9,939	$-12,089	-0.2%

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

N/A

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
MICHAEL FOREMAN	PRESIDENT-ELECT	0.50	Officer Director	$0	$0	$0
MONICA GLENNY	TREASURER	0.50	Officer Director	$0	$0	$0
CYNTHIA DROLLINGER	SECRETARY	0.50	Officer Director	$0	$0	$0
THOMAS SCOVILLE	ASSISTANT TREASURER	0.50	Director	$0	$0	$0
PETER RUNDQUIST	DIRECTOR	0.50	Officer Director	$0	$0	$0
FRANK BUCHMANN	DIRECTOR	0.50	Director	$0	$0	$0
ELISE CADIGAN	DIRECTOR	0.50	Director	$0	$0	$0
DOUGLAS MARK	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT CANFIELD	DIRECTOR	0.50	Director	$0	$0	$0
PAUL VON DRISKA	DIRECTOR	0.50	Director	$0	$0	$0
KATHY KWIAT-HESS	DIRECTOR	0.50	Director	$0	$0	$0
ERIC MOE	DIRECTOR	0.50	Director	$0	$0	$0
LYNN MOMBERGER	DIRECTOR	0.50	Director	$0	$0	$0
SUZANNE SHELAIN	DIRECTOR	0.50	Director	$0	$0	$0
TYLER SMITH	DIRECTOR	0.50	Director	$0	$0	$0
LINDA NIEMIEC	DIRECTOR	0.50	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	$50,736	$60,675	$1,220,209	$-9,939
2023	$63,952	$76,041	$1,230,148	$-12,089
2022	$66,481	$51,088	$1,242,863	$15,393
2021	$52,279	$22,482	$1,227,470	$29,797
2020	$81,542	$60,765	$1,197,673	$20,777

ROCKFORD ROTARY CHARITABLE ASSOCIATION