SOLID ROCK MINISTRY INC (EIN 460701566) - 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

2012

Legal Domicile

Principal Officer

MICHAEL THOMPSON

Phone

4192812767

Tax Period

2024-01-01 to 2024-12-31

SOLID ROCK MINISTRY INC, founded in 2012, is a small nonprofit that reported $223K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $438K exceeded revenue, resulting in a 96% operating deficit.

Mission

TO INFLUENCE OUR WORLD WITH THE MESSAGE OF JESUS CHRIST THROUGH A DAYCARE CENTER AND TV MINISTRY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,915

Program Service Revenue $203,559

Investment Income $8,582

Other Revenue $0

TOTAL REVENUE $223,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,389

Fundraising Expenses $0

Program Expenses $416,735

Other Expenses $303,299

TOTAL EXPENSES $437,688

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,056	$314,401	-0.3%
Expenses	$437,688	$420,890	+0.0%
Net Income	$-214,632	$-106,489	+1.0%

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

Volunteers

N/A

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
VICTOR COLE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN MAGER	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL THOMPSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN WENGER	SECRETARY	1.00	Officer 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	$223,056	$437,688	No data	$-214,632
2023	$314,401	$420,890	$242,673	$-106,489
2022	$496,092	$391,932	$448,479	$104,160
2021	$343,482	$319,806	$185,112	$23,676
2021	$361,417	$319,806	$185,112	$41,611
2020	$234,169	$199,742	$130,614	$34,427
2019	$377,298	$401,031	$62,928	$-23,733
2018	$321,900	$323,178	$87,373	$-1,278

SOLID ROCK MINISTRY INC