Rockford Woodlawn Fund Inc
Rockford Woodlawn Fund Inc. maintains substantial assets while experiencing fluctuating revenues and consistent expenses, with no reported officer compensation.
EIN: 202443684 · Wilmington, DE · NTEE: N32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $19.2M |
| Transparency Score | 85/100 |
Is Rockford Woodlawn Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rockford Woodlawn Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rockford Woodlawn Fund Inc
Rockford Woodlawn Fund Inc (EIN: 202443684) is a nonprofit organization based in Wilmington, DE, classified under NTEE code N32. The organization reported total revenue of $1.3M and total assets of $19.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rockford Woodlawn Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rockford Woodlawn Fund Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -22.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $950K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-100,528 |
| Total Assets | $19.2M |
| Total Liabilities | $21K |
| Net Assets | $19.2M |
| Operating Margin | -10.6% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 219.2 months |
Financial Health Grade: B
In 2023, Rockford Woodlawn Fund Inc reported a deficit of $101K with expenses exceeding revenue, holds 219.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Rockford Woodlawn Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -22.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.5% | -6.6% | +9.2% |
| 2022 | -28.1% | +4.8% | -23.2% |
| 2021 | +83.2% | +5.2% | +7.2% |
| 2020 | -68.3% | -2.9% | +6.7% |
| 2019 | +162.3% | -22.9% | +10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rockford Woodlawn Fund Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Rockford Woodlawn Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $101K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly favorable for minimizing administrative costs relative to the organization's asset size of nearly $20 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Rockford Woodlawn Fund Inc's IRS 990 filings:
- Inconsistent revenue generation, with significant fluctuations year-to-year, potentially indicating reliance on unpredictable funding sources or investment returns.
- Expenses frequently exceed revenue, as seen in 2023, 2022, 2020, 2015, 2014, 2013, and 2012, suggesting a draw-down on assets or reliance on prior period surpluses.
Strengths
The following positive indicators were identified for Rockford Woodlawn Fund Inc:
- Substantial and stable asset base (around $20 million) provides financial security and long-term sustainability.
- Consistent reporting of 0% officer compensation demonstrates excellent financial stewardship and minimizes administrative overhead.
- Low liabilities relative to assets across all reported periods, indicating strong financial health and minimal debt burden.
Frequently Asked Questions about Rockford Woodlawn Fund Inc
Is Rockford Woodlawn Fund Inc a legitimate charity?
Rockford Woodlawn Fund Inc (EIN: 202443684) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.3M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Rockford Woodlawn Fund Inc spend its money?
Rockford Woodlawn Fund Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Rockford Woodlawn Fund Inc tax-deductible?
Rockford Woodlawn Fund Inc is registered as a tax-exempt nonprofit (EIN: 202443684). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rockford Woodlawn Fund Inc CEO make?
Rockford Woodlawn Fund Inc's highest-compensated officer earns $20 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Rockford Woodlawn Fund Inc's spending goes to programs?
Rockford Woodlawn Fund Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rockford Woodlawn Fund Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Rockford Woodlawn Fund Inc is above average for NTEE category N32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rockford Woodlawn Fund Inc located?
Rockford Woodlawn Fund Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 202443684. It is classified under NTEE code N32.
How many years of IRS 990 filings does Rockford Woodlawn Fund Inc have?
Rockford Woodlawn Fund Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
How does Rockford Woodlawn Fund Inc. sustain operations when annual expenses exceed revenue, as observed in 2023 ($1,050,476 expenses vs. $949,948 revenue)?
The organization likely draws from its substantial asset base, which has consistently been around $20 million, to cover operational deficits in years where revenue does not meet expenses.
What is the specific nature of the 'programs' funded by Rockford Woodlawn Fund Inc., given its NTEE code N32 (Private Grantmaking Foundations)?
As a private grantmaking foundation, its programs primarily involve making grants to other organizations or individuals in line with its charitable purpose, rather than direct service delivery.
What caused the significant revenue spike in 2011 ($20,775,821) compared to subsequent years?
The 2011 revenue spike could be attributed to a large one-time donation, a significant investment gain, or a specific fundraising campaign. Further detail would require examining the full 990 filing for that year.
Filing History
IRS 990 filing history for Rockford Woodlawn Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rockford Woodlawn Fund Inc's revenue has declined by 95.4%, moving from $20.8M to $950K. Total assets decreased by 7.5% over the same period, from $20.7M to $19.2M. Total functional expenses rose by 3121.6%, from $33K to $1.1M. In its most recent filing year (2023), Rockford Woodlawn Fund Inc reported a deficit of $101K, with expenses exceeding revenue. The organization holds $21K in liabilities against $19.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $19.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $950K | $1.1M | $19.2M | $21K | — | — |
| 2022 | $852K | $1.1M | $17.6M | $34K | — | View 990 |
| 2021 | $1.2M | $1.1M | $22.9M | $21K | — | View 990 |
| 2020 | $646K | $1.0M | $21.4M | $13K | — | — |
| 2019 | $2.0M | $1.0M | $20.0M | $27K | — | View 990 |
| 2015 | $778K | $1.4M | $18.2M | $60K | — | View 990 |
| 2014 | $934K | $1.2M | $20.0M | $66K | — | View 990 |
| 2013 | $22K | $303K | $20.7M | $47K | — | View 990 |
| 2012 | $88K | $465K | $20.3M | $36K | — | View 990 |
| 2011 | $20.8M | $33K | $20.7M | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $950K, expenses of $1.1M, and assets of $19.2M (revenue +11.5% year-over-year).
- 2022: Revenue of $852K, expenses of $1.1M, and assets of $17.6M (revenue -28.1% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $22.9M (revenue +83.2% year-over-year).
- 2020: Revenue of $646K, expenses of $1.0M, and assets of $21.4M (revenue -68.3% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.0M, and assets of $20.0M (revenue +162.3% year-over-year).
- 2015: Revenue of $778K, expenses of $1.4M, and assets of $18.2M (revenue -16.7% year-over-year).
- 2014: Revenue of $934K, expenses of $1.2M, and assets of $20.0M (revenue +4162.7% year-over-year).
- 2013: Revenue of $22K, expenses of $303K, and assets of $20.7M (revenue -75.2% year-over-year).
- 2012: Revenue of $88K, expenses of $465K, and assets of $20.3M (revenue -99.6% year-over-year).
- 2011: Revenue of $20.8M, expenses of $33K, and assets of $20.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rockford Woodlawn Fund Inc:
Data Sources and Methodology
This transparency report for Rockford Woodlawn Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.