ROCKFORD CHAMBER OF COMMERCE (EIN 381886122) - 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

1960

Legal Domicile

Principal Officer

JOEL KOCH

Phone

6168662000

Tax Period

2023-01-01 to 2023-12-31

ROCKFORD CHAMBER OF COMMERCE, founded in 1960, is a small nonprofit that reported $365K in total revenue in fiscal year 2023.

Mission

THE ROCKFORD CHAMBER OF COMMERCE AND ITS MEMBER BUSINESSES CREATE A SUCCESSFUL, PROFITABLE AND POSITIVE BUSINESS ENVIRONMENT THAT STRENGTHENS AND ENHANCES THE QUALITY OF LIFE IN THE ROCKFORD AREA.

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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 $158,423

Program Service Revenue $203,771

Investment Income $2,688

Other Revenue $0

TOTAL REVENUE $364,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,560

Fundraising Expenses $0

Other Expenses $213,292

TOTAL EXPENSES $378,852

Year-over-Year Comparison

	2023	2022	Change
Revenue	$364,882	$346,283	+0.1%
Expenses	$378,852	$355,535	+0.1%
Net Income	$-13,970	$-9,252	+0.5%

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

Volunteers

125

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

$43,804

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGAN DEAN	EXECUTIVE DI	40.00	Director	$43,804	$0	$43,804
THOMAS RICH	DIRECTOR	1.00	Officer	$0	$0	$0
JOEL KOCH	PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL MCGOVERN	SECRETARY	1.00	Officer	$0	$0	$0
STEPHEN SEGER	TREASURER	1.00	Officer	$0	$0	$0
BLAINE KELLERMEIER	TRUSTEE	1.00	Director	$0	$0	$0
CARL STITES	TRUSTEE	1.00	Director	$0	$0	$0
CANDIS LANCIONI	TRUSTEE	1.00	Director	$0	$0	$0
DR SANDRA STANTON	TRUSTEE	1.00	Director	$0	$0	$0
JASON ROP	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN GOUSHAW	VICE PRESIDE	1.00	Officer	$0	$0	$0
KIM NEVEAU	TRUSTEE	1.00	Director	$0	$0	$0
MARK ROACH	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$364,882	$378,852	$248,520	$-13,970
2022	$346,283	$355,535	$212,147	$-9,252
2021	$278,207	$197,250	$240,164	$80,957
2020	$215,471	$198,380	$157,271	$17,091
2019	$181,950	$184,984	$73,748	$-3,034
2018	$167,769	$176,590	$80,596	$-8,821

ROCKFORD CHAMBER OF COMMERCE