ROCKFORD CORRIDOR IMPROVEMENT INC (EIN 464981684) - 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

2014

Legal Domicile

Principal Officer

JAMIE CASSEL

Phone

8159637400

Tax Period

2025-01-01 to 2025-12-31

ROCKFORD CORRIDOR IMPROVEMENT INC, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $132K in total revenue in fiscal year 2025. Expenses of $240K exceeded revenue, resulting in a 82% operating deficit.

Mission

TO REDUCE THE BURDENS WHICH NEIGHBORHOOD BLIGHT IMPOSES ON UNITS OF GOVERNMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $132,400

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $132,400

Expense Breakdown

Grants Paid $228,850

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $237,354

Other Expenses $11,542

TOTAL EXPENSES $240,392

Year-over-Year Comparison

	2025	2024	Change
Revenue	$132,400	$133,100	0.0%
Expenses	$240,392	$200,823	+0.2%
Net Income	$-107,992	$-67,723	+0.6%

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
JAMIE CASSEL	PRESIDENT & DIRECTOR	0.25	Officer Director	$0	$0	$0
LORAYNE LOGAN	DIRECTOR	0.25	Director	$0	$0	$0
FRANK WEHRSTEIN	DIRECTOR	0.25	Director	$0	$0	$0
MAURICE WEST	DIRECTOR	0.25	Director	$0	$0	$0
JOHN HOLMSTROM	VICE PRESIDENT & DIRECTOR	0.25	Officer Director	$0	$0	$0
SHAUN MCCARREN	DIRECTOR	0.25	Director	$0	$0	$0
BEN HOLMSTROM	DIRECTOR	0.25	Director	$0	$0	$0
JEFF POTTER	SECRETARY	0.25	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	$132,400	$240,392	$74,036	$-107,992
2024	$133,100	$200,823	$182,028	$-67,723
2023	$133,000	$155,203	$249,751	$-22,203
2022	$133,400	$178,086	$271,954	$-44,686
2021	$135,800	$-2,649	$364,367	$138,449
2020	$125,000	$20,380	$632,198	$104,620
2019	$100,000	$56,232	$856,035	$43,768
2018	$125,000	$147,677	$334,289	$-22,677

ROCKFORD CORRIDOR IMPROVEMENT INC