ROCKHOUSE FOUNDATION

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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

2003

Legal Domicile

Principal Officer

PAUL SALMON

Phone

2128070868

Tax Period

2023-07-01 to 2024-06-30

ROCKHOUSE FOUNDATION, founded in 2003, is a small nonprofit in the Education sector that reported $937K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $802K left a modest 14% surplus.

Mission

The Rockhouse Foundation has been transforming learning environments in the Negril area of Jamaica for over 15 years. Originally focused on the renovation of public primary schools, the foundation broadened its focus to include the Negril Library, and the past 5 years has been concentrating on early childhood education.

Program Service Accomplishments

Program 1

Expenses: $795,573 Revenue: $926,360

Little Bay School Project, Bunch of Stars Early childhood Institution Project, St. Pauls Primary School, Savanna-La-Mar Inclusive Infant Academy, Moreland Hill Primary School Project. The Foundation uses these projects to improve the human condition of Jamaicas children, transforming learning environments and supporting child development.

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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 $926,360

Program Service Revenue $0

Investment Income $3

Other Revenue $10,969

TOTAL REVENUE $937,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $795,573

Other Expenses $801,791

TOTAL EXPENSES $801,791

Year-over-Year Comparison

	2023	2022	Change
Revenue	$937,332	$750,427	+0.2%
Expenses	$801,791	$1,074,275	-0.3%
Net Income	$135,541	$-323,848	-1.4%

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

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

$52,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER B ROSE	PRESIDENT	040.00	Officer	$52,000	$0	$52,000
PAUL SALMON	DIRECTOR	005.00	Director	$0	$0	$0
SAM JACOB	TREASURER	001.00	Officer	$0	$0	$0
NICOLE COSBY	SECRETARY EX-OFFICER	001.00	Officer	$0	$0	$0
DAMIAN SALMON	BOARD MEMBER	001.00	Officer	$0	$0	$0
PETER SCUTT	BOARD MEMBER	001.00	Officer	$0	$0	$0
FABRIZIO IPPOLITI	BOARD MEMBER	001.00	Officer	$0	$0	$0
AISHA STEINER	BOARD MEMBER	001.00	Officer	$0	$0	$0
MAX GLAZER	BOARD MEMBER	001.00	Officer	$0	$0	$0
PETER PICARD	BOARD MEMBER	001.00	Officer	$0	$0	$0
CHRISTOPHER WALSH	BOARD MEMBER	001.00	Officer	$0	$0	$0
INISE LAWERENCE	BOARD MEMBER	001.00	Officer	$0	$0	$0
IAN CONVILLE	BOARD MEMBER	001.00	Officer	$0	$0	$0
KAYSILYN LAWSON	BOARD MEMBER	001.00	Officer	$0	$0	$0
SEAN LEGISTER	BOARD MEMBER	001.00	Officer	$0	$0	$0
JULIE MONACO	BOARD MEMBER	001.00	Officer	$0	$0	$0
TAMMARA WALKER	BOARD MEMBER	001.00	Officer	$0	$0	$0
CHARLOTTE WALLACE	BOARD MEMBER	001.00	Officer	$0	$0	$0
SHANA HALL	BOARD MEMBER	001.00	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
2025	No data	No data	No data	No data
2024	$937,332	$801,791	$219,376	$135,541
2023	$750,427	$1,074,275	$75,243	$-323,848
2022	$818,968	$659,790	$462,129	$159,178
2021	$334,532	$399,589	$228,126	$-65,057
2020	$549,432	$417,440	$295,674	$131,992
2019	No data	$400,470	No data	No data
2019	$478,670	$400,470	$157,221	$78,200
2018	$483,323	$427,643	$76,451	$55,680