SOLID ROCK FOOD CLOSET

EIN: 832718034 501(c)(3) Food, Agriculture & Nutrition

Sparta, NC

Total Revenue
$226,537
Total Expenses
$182,151
Total Assets
$456,859
Net Assets
$453,841
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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
2018
Legal Domicile
NC
Principal Officer
LARRY MYERS
Phone
3363726560
Tax Period
2024-01-01 to 2024-12-31

SOLID ROCK FOOD CLOSET, founded in 2018, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $227K in total revenue in fiscal year 2024. The organization ran a surplus of $44K, a strong 20% operating margin.

Mission

THE ORGANIZATIONS MISSION IS TO PROVIDE MEALS FOR THOSE IN NEED IN THE COMMUNITY

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $226,537
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $226,537

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,065
Fundraising Expenses $2,067
Program Expenses $172,821
Other Expenses $129,086
TOTAL EXPENSES $182,151

Year-over-Year Comparison

2024 2023 Change
Revenue $226,537 N/A N/A
Expenses $182,151 N/A N/A
Net Income $44,386 N/A N/A
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

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Governance

Voting Members
4
Independent Members
4
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
4
$0
Total Directors
1
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY MYERS DIRECTOR 40.00
Officer Director Key Emp
$0 $0 $0
LARRY PRINCE CHAIRMAN OF BOARD 5.00
Officer
$0 $0 $0
JANET POKORNEY VICE CHAIR 5.00
Officer
$0 $0 $0
NANCY HASH SECRETARY 20.00
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 $226,537 $182,151 $456,859 $44,386
2023 $233,483 $147,907 $411,072 $85,576
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