Rockford Area Ventures
Nonprofit profile at a glance
- EIN
- 200249768
- IRS 990 coverage
- 2009–2009
- Forms available
- Form 990 2009
- Location
- Rockford, IL, USA
- Phone
- 8152980136
- Rating confidence
- Limited
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $865,823
- Expenses
- $931,019
- Assets
- $1,395,011
- Liabilities
- $69,740
Source: IRS Form 990. Selected filing: tax year 2009. Amounts in USD.
Leadership & pay
15 people listed
Source: IRS Form 990. Selected filing: tax year 2009. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Rockford Area Ventures (RAV) operates a technology commercialization center and small business incubator in Rockford, IL. RAV provides qualified inventors / entrepreneurs with consulting and ongoing mentoring support in their efforts to go to market.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 76
- Sustainability: 46
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -7.5%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 1.5; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 87; 87th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 15 of 15 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $780K in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 3 filed schedules
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Sustainability: Operating margin scored 22/100.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.