BEducationEIN: 260388141· Ruling Year: 2008

Rockford Promise

Rockford, Illinois

A-Health Score
83A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

How This Organization Compares

Compared to 4 peers in Education with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org3.29×
Peer Median20.77×
💰
$2.4M
Total Revenue
📊
$1.1M
Total Expenses
🏦
$3.5M
Net Assets
📋
$18K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+30.6%
Year-over-year change (2022 → 2023)
Net Margin
+56.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
3.29
Net assets divided by total expenses
Liabilities-to-Assets
0.5%
Total liabilities as % of total assets

Filing History

7 filings on record
YearRevenueExpensesAssets
2023$2,437,04331%$1,061,68293%$3,507,69766%
2022$1,866,293431%$549,21649%$2,107,240164%
2021$351,2523%$368,34193%$797,851
2020$362,89510%$190,91518%$799,98627%
2019$401,98424%$162,019188%$628,00662%
2018$323,376315%$56,165204%$388,041221%
2017$78,007$18,478$120,830

Frequently Asked Questions

What does Rockford Promise do?

Rockford Promise is a education nonprofit organization based in Illinois. It is classified under NTEE code B82 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Rockford Promise financially healthy?

Based on our 9-metric Financial Health Score model, Rockford Promise has a score of 83/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Rockford Promise generate?

Rockford Promise reports $4.6M in annual revenue and holds $8.2M in total assets, based on IRS filings.

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