NEW ROCKFORD AREA BETTERMENT CORP

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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

1990

Legal Domicile

Principal Officer

STUART RICHTER

Phone

7019472205

Tax Period

2024-01-01 to 2024-12-31

NEW ROCKFORD AREA BETTERMENT CORP, founded in 1990, is a small nonprofit that reported $190K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $175K left a modest 8% surplus.

Mission

TO PROVIDE THE PEOPLE OF NEW ROCKFORD AND SURROUNDING AREAS - PROGRAMS, EVENTS, PROJECTS AND FACILITIES THAT WILL INCREASE THE HEALTH AND WELL BEING OF BOTH THE COMMUNITY AND THE RESIDENTS THAT LIVE THERE.

Program Service Accomplishments

Program 1

OPERATE SEVERAL COMMUNITY BETTERMENT PROJECTS.

Program 2

OVERSEE THE NEW ROCKFORD MOVIE THEATER WHICH PROVIDES BETTERMENT TO THE COMMUNITY BY ALLOWING RESIDENTS TO HAVE A PLACE TO GO FOR PERSONAL ENTERTAINMENT AND SATISFACTION.

Program 3

Revenue: $9,200

OVERSEE THE COMMUNITY BOWLING ALLEY, SWIMMING POOL, AND DAYCARE CENTER WHICH PROVIDES COMMUNITY BETTERMENT BY ALLOWING RESIDENTS TO HAVE A PLACE TO WORK ON PHYSICAL FITNESS THAT ALLOWS PEOPLE TO LIVE A HEALTHIER AND LONGER LIFE. THE DAYCARE BUILDING IS ESSENTIAL TO ALLOW PARENTS IN OUR COMMUNITY TO HAVE A PLACE FOR CHILD CARE SO THEY ARE ABLE TO HAVE A JOB IN THE WORKPLACE.

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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 $162,353

Program Service Revenue $9,200

Investment Income $18,661

Other Revenue $0

TOTAL REVENUE $190,214

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,385

Fundraising Expenses $0

Program Expenses $174,790

Other Expenses $87,405

TOTAL EXPENSES $174,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,214	$465,085	-0.6%
Expenses	$174,790	$177,967	0.0%
Net Income	$15,424	$287,118	-0.9%

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

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
KERRI ALLMARAS	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM BELQUIST	TREASURER	10.00	Officer Director	$0	$0	$0
AMY ELLINGSON	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE ENGELS	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA HEGLAND	EXECUTIVE DI	1.00	Officer Director	$0	$0	$0
MELINDA MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
STUART RICHTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DYLAN ROSSOW	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE YRI	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHELSEY ZELTINGER	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$190,214	$174,790	$1,750,858	$15,424
2023	$465,085	$177,967	$1,685,382	$287,118
2022	$162,138	$198,739	$1,282,473	$-36,601
2021	$330,689	$172,484	$1,262,415	$158,205
2020	$108,503	$99,622	$923,019	$8,881
2019	$120,833	$105,410	$859,574	$15,423
2018	$245,274	$168,248	$824,618	$77,026