Solid Rock Ministries

Solid Rock Ministries shows consistent growth and strong fiscal health with no executive compensation.

EIN: 205263656 · Zeeland, MI · NTEE: L81 · Updated: 2026-03-28

$303KRevenue

$246KAssets

90/100Mission Score (Excellent)

L81

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.

AI Transparency Report

Solid Rock Ministries demonstrates consistent financial growth over the past decade, with its latest reported revenue at $126,347 and assets at $76,864 for the 202312 period. The organization has maintained a healthy financial position with zero reported liabilities across all available filings, indicating strong fiscal management and no reliance on debt. Expenses have generally remained below revenue, allowing for asset accumulation.

The organization appears to be highly efficient in its spending, as evidenced by the consistent reporting of 0% officer compensation across all filings. This suggests that resources are primarily directed towards programmatic activities and operational costs rather than executive salaries. While specific program spending ratios are not detailed in the provided data, the absence of executive compensation is a strong indicator of efficient resource allocation.

Transparency is good given the consistent filing of IRS Form 990s over 13 periods. The lack of liabilities and the growth in assets further contribute to a positive view of its financial health. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging, though the 0% officer compensation is a significant positive.

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.

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

Is Solid Rock Ministries a good charity?

Based on the provided financial data, Solid Rock Ministries appears to be a good charity. It demonstrates consistent financial growth, maintains zero liabilities, and reports 0% officer compensation, indicating efficient use of funds.

How has Solid Rock Ministries' revenue changed over time?

Solid Rock Ministries has shown significant revenue growth, increasing from $28,163 in 201412 to $126,347 in 202312, with a peak of $302,671 in its latest reported revenue.

What is the organization's asset growth trend?

The organization's assets have grown steadily, from $9,185 in 201412 to $76,864 in 202312, reflecting sound financial management and accumulation of resources.

Does Solid Rock Ministries have any debt?

No, Solid Rock Ministries has consistently reported $0 in liabilities across all available IRS 990 filings, indicating no debt.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$126K	$104K	$77K	$0	—	View 990
2022	$89K	$95K	$54K	$0	—	View 990
2021	$71K	$48K	$60K	$0	—	—
2020	$38K	$33K	$38K	$0	—	—
2019	$30K	$27K	$33K	$0	—	View 990
2018	$44K	$43K	$30K	$0	—	View 990
2017	$38K	$29K	$29K	$0	—	View 990
2016	$32K	$26K	$29K	$0	—	View 990
2015	$45K	$32K	$22K	$0	—	View 990
2014	$28K	$27K	$9K	$0	—	View 990
2013	$21K	$19K	$8K	$0	—	View 990
2012	$12K	$5K	$6K	$0	—	View 990
2011	$22K	$29K	$97	$0	—	View 990

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.

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.