NORTHWEST ROCKFORD REDEVELOP 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

2016

Legal Domicile

Principal Officer

RUSSELL JOHANSSON

Phone

8159886851

Tax Period

2023-01-01 to 2023-12-31

NORTHWEST ROCKFORD REDEVELOP CORP, founded in 2016, is a micro nonprofit that reported $2K in total revenue in fiscal year 2023. Revenue fell 124% from the prior year — a significant decline worth monitoring.

Mission

ASSISTANCE IN THE REDEVELOPMENT OF THE NORTHWEST PORTION OF THE CITY OF ROCKFORD, ILLINOIS.

Program Service Accomplishments

Program 1

THE ORGANIZATION IS TAKING INITIAL STEPS TO MAKE FINANCIAL INVESTMENTS INTO THE NORTHWEST GEOGRAPHIC PORTION OF THE CITY OF ROCKFORD, ILLINOIS TO ENHANCE THE POTENTIAL FOR ECONOMIC AND VARIOUS TYPES...

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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 $0

Program Service Revenue $0

Investment Income $-2,307

Other Revenue $769

TOTAL REVENUE $-1,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $644

TOTAL EXPENSES $644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-1,538	$6,377	-1.2%
Expenses	$644	$630	+0.0%
Net Income	$-2,182	$5,747	-1.4%

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
ALEXANDER JOHANSSON	DIRECTOR	N/A	Director	$0	$0	$0
KAYANN JOHANSSON	DIRECTOR	N/A	Director	$0	$0	$0
RUSSELL JOHANSSON	DIRECTOR	N/A	Director	$0	$0	$0
VIRGINIA JOHANSSON	DIRECTOR	N/A	Director	$0	$0	$0
JOHN MECKLENBURG	DIRECTOR	N/A	Director	$0	$0	$0
KATHY SCHIER	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN VANBRIESEN	DIRECTOR	N/A	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	$-1,538	$644	$112,586	$-2,182
2022	$6,377	$630	$102,768	$5,747
2021	$25,192	$50,476	$97,021	$-25,284