NORTHWEST ROCKFORD REDEVELOP CORP

EIN: 814021619 501(c)(3)

ROCKFORD, IL

Total Revenue
$-1,538
Total Expenses
$644
Total Assets
$112,586
Net Assets
$100,586
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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
IL
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.

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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 (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

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Governance

Voting Members
7
Independent Members
7
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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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