ROCK CENTRAL INC

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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

CHARLES COLMAN

Phone

2627451663

Tax Period

2023-01-01 to 2023-12-31

ROCK CENTRAL INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $197K in total revenue in fiscal year 2023.

Mission

ENRICH THE QUALITY OF LIFE FOR CHILDREN AND ADULTS OF ALL AGES THROUGH ACCESSIBLE MUSIC EDUCATION AND EXPERIENCES.

Program Service Accomplishments

Program 1

Expenses: $155,062

PROVIDING MUSIC EDUCATION TO CHILDREN 18 AND UNDER TO ENSURE A QUALITY MUSIC EDUCATION IS AVAILABLE TO EVERYONE AND NOT JUST PEOPLE OF MEANS.

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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 $89,680

Program Service Revenue $100,212

Investment Income $1

Other Revenue $7,586

TOTAL REVENUE $197,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,600

Fundraising Expenses $6,258

Program Expenses $155,062

Other Expenses $67,294

TOTAL EXPENSES $191,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,479	$200,860	0.0%
Expenses	$191,894	$219,569	-0.1%
Net Income	$5,585	$-18,709	-1.3%

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

$17,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA SHARPE	EXECUTIVE DI	40.00	Director	$17,150	$0	$17,150
CHARLES COLMAN	PRESIDENT	1.00	Officer	$0	$0	$0
DIANNA COLMAN	TREASURER	1.00	Officer	$0	$0	$0
DAVID SHARPE	SECRETARY	1.00	Officer	$0	$0	$0
JAMES VAN DE BOGERT	VICE PRESIDE	1.00	Officer	$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	$197,479	$191,894	$19,143	$5,585
2022	$200,860	$219,569	$13,353	$-18,709
2021	$687,404	$194,473	$30,916	$492,931