KIWANIS CHARITIES OF ROCKFORD INC

EIN: 366167609 501(c)(3) Community Improvement

Rockford, IL

Total Revenue
$377,020
Total Expenses
$185,177
Total Assets
$3,292,427
Net Assets
$3,292,427
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
IL
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

Mission: The Kiwanis Charities of Rockford is a not-for-profit organization of service-minded volunteers guided by the objectives of Kiwanis International. Our purpose is to improve the quality of life for the youth we serve by fostering their health, academic success, character development and their dreams for the future. Our activities are educational scholarships and grants to other 501(c)(3) organizations that further our purpose.

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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%)

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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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
56

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
6
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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