Solid Rock Baptist Church (EIN 222305385) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

Reginald Pitts

Phone

9733738129

Tax Period

2023-01-01 to 2023-12-31

Solid Rock Baptist Church, founded in 1982, is a small nonprofit in the Religion sector that reported $212K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $240K exceeded revenue, resulting in a 13% operating deficit.

Mission

Religous and Community Services

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $212,245

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $212,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,000

Fundraising Expenses $0

Program Expenses $70,421

Other Expenses $227,204

TOTAL EXPENSES $240,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,245	$175,988	+0.2%
Expenses	$240,204	$177,181	+0.4%
Net Income	$-27,959	$-1,193	+22.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Roberta Parrish	Chair Person	15.00	Director	$0	$0	$0
Frankie Lucas	Secretary	15.00	Director	$0	$0	$0
Eartha McCready	Trustee	15.00	Director	$0	$0	$0
Roy Jones	Trustee	15.00	Director	$0	$0	$0
Stacey Picket	Financial Secr	15.00	Director	$0	$0	$0
Larry Plant	Trustee	15.00	Director	$0	$0	$0
Reginald Pitts	Pastor	25.00	Highest	$0	$0	$13,000
James Johnson	Trustee	15.00	Director	$0	$0	$0
Edwardo Daniels	Trustee	15.00	Director	$0	$0	$0
Mary Dawkins	Trustee	15.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$212,245	$240,204	$699,381	$-27,959
2022	$175,988	$177,181	$763,986	$-1,193
2021	$209,008	$209,813	$774,408	$-805
2020	$166,475	$110,401	$802,306	$56,074
2019	$231,074	$226,462	$751,226	$4,612
2018	$180,272	$183,094	$759,101	$-2,822

Solid Rock Baptist Church