SOLID ROCK FOOD CLOSET

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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

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

Program Service Accomplishments

Program 1

Expenses: $172,821

TO PROVIDE FOOD TO THOSE IN NEED BY DONATION OR CONTRIBUTION FROM 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%)

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

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

Total Directors

Key Employees

Highest Compensated

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