Solid Rock Ministries

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Solid Rock Ministries Form 990, Revenue, CEO Pay, and IRS Filing Signals

Solid Rock Ministries is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Solid Rock Ministries in one place.

Is Solid Rock Ministries Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Solid Rock Ministries shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Solid Rock Ministries directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Solid Rock Ministries

Solid Rock Ministries (EIN: 205263656) is a nonprofit organization based in Zeeland, MI, classified under NTEE code L81. The organization reported total revenue of $303K and total assets of $246K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Solid Rock Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Solid Rock Ministries is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Solid Rock Ministries reported a surplus of $23K with revenue exceeding expenses, holds 8.9 months of operating reserves (strong position).

Financial Trends

Over 13 years of filings (2011–2023), Solid Rock Ministries's revenue has grown at a compound annual growth rate (CAGR) of 15.9%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Solid Rock Ministries with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 90%
• fundraising: 0%

According to IRS 990 filings, Solid Rock Ministries allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $23K, with revenue exceeding expenses.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers. This is a significant positive, suggesting that all resources are directed towards the organization's mission and operational needs.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Solid Rock Ministries:

• Consistent revenue growth over the past decade, from $28,163 in 201412 to $126,347 in 202312.
• Zero reported liabilities across all 13 filings, indicating strong financial stability and no debt.
• 0% officer compensation reported in all filings, suggesting highly efficient use of funds for mission-related activities.
• Healthy asset accumulation, growing from $9,185 in 201412 to $76,864 in 202312.
• Expenses generally kept below revenue, allowing for asset growth and financial resilience.

Frequently Asked Questions about Solid Rock Ministries

Filing History

IRS 990 filing history for Solid Rock Ministries showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Solid Rock Ministries's revenue has grown by 486.7%, moving from $22K to $126K. Total assets increased by 79141.2% over the same period, from $97 to $77K. Total functional expenses rose by 258.5%, from $29K to $104K. In its most recent filing year (2023), Solid Rock Ministries reported a surplus of $23K, with revenue exceeding expenses.

Year-by-Year Financial Summary

• 2023: Revenue of $126K, expenses of $104K, and assets of $77K (revenue +41.4% year-over-year).
• 2022: Revenue of $89K, expenses of $95K, and assets of $54K (revenue +26.1% year-over-year).
• 2021: Revenue of $71K, expenses of $48K, and assets of $60K (revenue +88.6% year-over-year).
• 2020: Revenue of $38K, expenses of $33K, and assets of $38K (revenue +25.6% year-over-year).
• 2019: Revenue of $30K, expenses of $27K, and assets of $33K (revenue -31.7% year-over-year).
• 2018: Revenue of $44K, expenses of $43K, and assets of $30K (revenue +16.3% year-over-year).
• 2017: Revenue of $38K, expenses of $29K, and assets of $29K (revenue +16.8% year-over-year).
• 2016: Revenue of $32K, expenses of $26K, and assets of $29K (revenue -29.1% year-over-year).
• 2015: Revenue of $45K, expenses of $32K, and assets of $22K (revenue +61.3% year-over-year).
• 2014: Revenue of $28K, expenses of $27K, and assets of $9K (revenue +37.1% year-over-year).
• 2013: Revenue of $21K, expenses of $19K, and assets of $8K (revenue +75.0% year-over-year).
• 2012: Revenue of $12K, expenses of $5K, and assets of $6K (revenue -45.5% year-over-year).
• 2011: Revenue of $22K, expenses of $29K, and assets of $97.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Solid Rock Ministries:

Data Sources and Methodology

This transparency report for Solid Rock Ministries is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.