SOLID ROCK COMMUNITY SCHOOL INC (EIN 731695232) - 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

2004

Legal Domicile

Principal Officer

MICHELE FASNACHT

Phone

7276562920

Tax Period

2023-07-01 to 2024-06-30

SOLID ROCK COMMUNITY SCHOOL INC, founded in 2004, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $3.9M exceeded revenue, resulting in a 19% operating deficit.

Mission

STUDENT EDUCATION

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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 $6,153

Program Service Revenue $3,296,216

Investment Income $8,209

Other Revenue $30

TOTAL REVENUE $3,310,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,785,547

Fundraising Expenses $508

Program Expenses $3,331,998

Other Expenses $2,148,862

TOTAL EXPENSES $3,934,637

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,310,608	$3,902,823	-0.2%
Expenses	$3,934,637	$4,070,137	0.0%
Net Income	$-624,029	$-167,314	+2.7%

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

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

$175,436

Total Directors

$175,436

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE FASNACHT	PRES/BRD MBR	60.00	Officer Director	$125,300	$0	$125,300
MELISSA YOST	SEC/BOARD MEMBER	40.00	Officer Director	$50,136	$0	$50,136
ERIC FASNACHT	VICE PRESIDENT/BRD MBR	50.00	Highest	$156,500	$0	$156,500
MATTHEW WELCH	BOARD MEMBER	1.25	Officer Director	$0	$0	$0
SAMANTHA FLYNN	BOARD MEMBER	1.25	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
2025	No data	No data	No data	No data
2024	$3,310,608	$3,934,637	$9,602,933	$-624,029
2023	$3,902,823	$4,070,137	$11,083,109	$-167,314
2022	$3,126,723	$2,996,279	$11,242,964	$130,444
2021	$2,616,977	$2,549,581	$10,912,615	$67,396
2021	$2,691,081	$2,546,119	$10,775,181	$144,962
2020	$2,630,737	$2,606,278	$10,274,028	$24,459
2019	$3,985,067	$2,661,674	$10,107,647	$1,323,393

SOLID ROCK COMMUNITY SCHOOL INC