Rockford Barbell
Nonprofit profile at a glance
- EIN
- 843216190
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022, Form 990-T 2021, Form 990-N 2020
- Location
- Rockford, IL, USA
- Phone
- 6307014942
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Sports Associations &Training Facilities
Reported finances
- Revenue
- $424,181
- Expenses
- $386,683
- Assets
- $306,916
- Liabilities
- $129,889
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Stacy Shelly (President)
- Thomas Chennell (Vice President / Secretary)
- Elliot Ganet (Executive Director)
Highest reported compensation
- Elliot Ganet (Executive Director): $75,021 total reported compensation
- Nick Votava (Associate Director): $71,872 total reported compensation
- Chris Quinn (Finance Manager): $17,048 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve the social and emotional well-being of youth through mindful movement and trauma informed practices.
What it reported doing in 2024
Averaged 58 kids in each six-week program session serving over 150 unique youth & enrolling a total of 349 youth. Program satisfaction was evident by Rockford Barbells retention rate of 60% as well as 87% who would recommend the program to a friend. Different from the traditional therapy model of serving a child 1 hour per week, Rockford Barbell provides its free programing up to 4 days per week. The organization was able to provide 3,605 contact hours over the fiscal year. Increased contact with youth helps develop stronger relationships with kids and families and produce greater social-emotional development. Rockford Barbell uses the Social Skills Improvement Scale (SSIS) to measure social-emotional skills. An average of 83% of parents reported improvement in their childs social-emotional skills or a decrease in behavioral health risk factors. The organizations programs continue to see positive results from kids and families.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 90
- Accountability: 53
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.5%; rating input score 79
- Program expense ratio: 87.2%; rating input score 87
- Fundraising efficiency: $107.76 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 66.7%; rating input score 67; 18th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 8.8%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 0.79; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.42; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 42.4%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 96.2% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 66.2% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 66.7% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 79.5% of revenue deployed · 87.2% of spending went to programs
- Governance: 2 of 3 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $337K in reported program spending
- Leadership: top reported pay $75K · 7 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 6 of 9 not reported.
- Review — Sustainability: Operating margin scored 58/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Sustainability: Officer compensation ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.