Rosecrance Health Network
Nonprofit profile at a glance
- EIN
- 363874007
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Rockford, IL, USA
- Phone
- 8153911000
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $25,763,126
- Expenses
- $23,939,225
- Assets
- $36,317,524
- Liabilities
- $14,978,494
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- DAVID GOMEL (PRESIDENT & CEO)
- CARLENE CARDOSI (REGIONAL PRESIDENT)
Highest reported compensation
- DAVID GOMEL (PRESIDENT & CEO): $767,671 total reported compensation
- MICHAEL VICK (SR VP & CFO): $327,132 total reported compensation
- CARLENE CARDOSI (REGIONAL PRESIDENT): $320,129 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Rosecrance is an integrated network of behavioral health services that provides help, hope and lasting recovery to children, youth, adults, and families. Its community of 1400 compassionate professionals service and supports over 50,000 clients each year in Illinois, Wisconsin and Iowa.
What it reported doing in 2024
Aspen counseling and consulting llc is a division of rosecrance. It is an outpatient behavioral health clinic that offers rosecrance's most personalized level of care. It provides individual, family and group therapy and psychiatry services for mental health and substance use disorders, and other specialty behavioral health therapies like transcranial magnetic stimulation (tms) and eye movement desensitization and reprocessing (emdr). Aspen serves approximately 2,863 clients per year.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 95% 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 18
- Transparency & Controls: 86
- Accountability: 100
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 20.2%; rating input score 20
- Program expense ratio: 21.9%; rating input score 22
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 8th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 72.3%; rating input score 72; 15th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.1%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 1.52; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.41; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 10.2%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: 17.3% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 8.6% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 11.5% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 20.2% of revenue deployed · 21.9% of spending went to programs
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $5.2M in reported program spending
- Leadership: top reported pay $768K · 16 people listed · 5 of 6 pay-setting controls reported
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes grants, executive pay, and related organizations
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 13 filed money-flow records
- Related organizations: 16 filed related-organization links
- 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.
- High — Financial Efficiency: Mission deployment rate scored 20/100.
- High — Financial Efficiency: Program expense ratio scored 22/100.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- High — Sustainability: Officer compensation ratio scored 20/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.