KIWANIS CHARITIES OF ROCKFORD INC

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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

1959

Legal Domicile

Principal Officer

Lori Berkes-Nelson

Phone

8159784233

Tax Period

2024-10-01 to 2025-09-30

KIWANIS CHARITIES OF ROCKFORD INC, founded in 1959, is a small nonprofit in the Community Improvement sector that reported $377K in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $192K, a strong 51% operating margin.

Mission

To serve the children of the Rockford area through educational scholarship grants and grants to local 501(c)(3) organizations that assist children and their families through educational, leisure and social activities.

Program Service Accomplishments

Program 1

Expenses: $136,665 Revenue: $0

Grants to other 501(c)(3) non-profit organizations

Program 2

Expenses: $17,800 Revenue: $13,800

Scholarships to high school seniors for freshman year college expenses

Program 3

Expenses: $4,260 Revenue: $0

Expenses related to programs run by Kiwanis Charities of Rockford members to introduce high school and middle school students to service to their community.

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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 $57,435

Program Service Revenue $0

Investment Income $321,591

Other Revenue $-2,006

TOTAL REVENUE $377,020

Expense Breakdown

Grants Paid $154,465

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $160,121

Other Expenses $30,712

TOTAL EXPENSES $185,177

Year-over-Year Comparison

	2024	2023	Change
Revenue	$377,020	$194,511	+0.9%
Expenses	$185,177	$255,736	-0.3%
Net Income	$191,843	$-61,225	-4.1%

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
Carl Palmgren	Director	1	Director	$0	$0	$0
Pam Clark-Redienbach	Overseer	0.25	Director	$0	$0	$0
Shirley Davidson	Director	1	Director	$0	$0	$0
Carol Gerrond	Director	1	Director	$0	$0	$0
Karin Alfors	Director and Overseer	1.25	Director	$0	$0	$0
Janell Drolsum	Director	1	Director	$0	$0	$0
Ann Russell	Director	1	Director	$0	$0	$0
John Buzzard	Overseer	0.25	Director	$0	$0	$0
Lori Berkes-Nelson	President	2	Officer	$0	$0	$0
MaryKay Garganera	Treasurer	1	Officer	$0	$0	$0
Steven Ellison	President Elect	2	Officer	$0	$0	$0
Jennifer Reisinger	Past President	0.5	Officer	$0	$0	$0
Mary Price	Secretary	2	Officer	$0	$0	$0
Darlene Riddle	Asst Secretary	1	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
2025	$377,020	$185,177	$3,292,427	$191,843
2024	No data	No data	No data	No data
2023	$153,516	$195,672	$2,720,324	$-42,156
2022	$30,359	$167,871	$2,583,587	$-137,512
2021	$27,681	$171,261	$3,117,930	$-143,580
2020	$524,077	$164,811	$2,637,241	$359,266