Rockford University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 32,754,097 | 29,371,809 | 3,382,288 | 5.3 | 34% |
| 2012 | 33,481,006 | 30,389,374 | 3,091,632 | 6.3 | 33% |
| 2013 | 35,251,997 | 30,979,240 | 4,272,757 | 8.0 | 33% |
| 2014 | 32,620,585 | 31,568,977 | 1,051,608 | 8.6 | 33% |
| 2015 | 35,234,481 | 33,621,966 | 1,612,515 | 8.6 | 32% |
| 2016 | 38,346,557 | 35,005,137 | 3,341,420 | 9.3 | 31% |
| 2017 | 43,409,723 | 37,176,763 | 6,232,960 | 11.1 | 31% |
| 2018 | 39,268,224 | 36,574,859 | 2,693,365 | 12.5 | 30% |
| 2019 | 38,346,195 | 36,554,419 | 1,791,776 | 12.6 | 28% |
| 2020 | 37,742,717 | 37,570,754 | 171,963 | 12.3 | 27% |
| 2021 | 42,582,169 | 39,679,836 | 2,902,333 | 14.2 | 27% |
| 2022 | 42,847,892 | 42,286,245 | 561,647 | 12.3 | 25% |
| 2023 | 43,718,754 | 41,286,522 | 2,432,232 | 13.9 | 27% |
In its most recent public year (2023), this organization brought in $2,432,232 more than it spent. Its reserves stood at about 13.9 months of spending, up from 5.3 in 2011. Staff pay was 27% of spending. $32,544,734 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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