Solid Rock Ministries Inc
Solid Rock Ministries Inc. experiences declining revenue and assets while maintaining zero officer compensation.
EIN: 113711556 · Perry Hall, MD · NTEE: X20 · Updated: 2026-03-28
About Solid Rock Ministries Inc
Solid Rock Ministries Inc (EIN: 113711556) is a nonprofit organization based in Perry Hall, MD, classified under NTEE code X20. The organization reported total revenue of $92K and total assets of $130K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Solid Rock Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Solid Rock Ministries Inc with a Mission Score of 75 out of 100 (Good). 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 Inc 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 has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization of its size and suggests a strong commitment to directing funds to its mission.
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.
Red Flags
The following concerns were identified during AI analysis of Solid Rock Ministries Inc's IRS 990 filings:
- Consistent decline in revenue over the past several years, from $188,977 in 2017 to $61,722 in 2023.
- Consistent decline in assets over the past several years, from $218,898 in 2017 to $144,649 in 2023.
- Expenses occasionally exceeding revenue, such as in 2023 ($62,568 expenses vs. $61,722 revenue) and 2021 ($100,293 expenses vs. $89,164 revenue), indicating potential deficit spending.
Strengths
The following positive indicators were identified for Solid Rock Ministries Inc:
- Consistent reporting of 0% officer compensation, indicating a highly efficient and potentially volunteer-driven leadership.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
- Low liabilities in recent years, with $0 reported in 2023 and 2016, suggesting good debt management.
Frequently Asked Questions about Solid Rock Ministries Inc
Is Solid Rock Ministries Inc. experiencing financial difficulties due to its declining revenue and assets?
The organization has seen a consistent decline in revenue and assets since 2017, with revenue dropping from $188,977 to $61,722 in 2023, and assets from $218,898 to $144,649. While expenses have generally been close to revenue, this trend suggests a shrinking operational capacity, which could lead to future financial challenges if not addressed.
How does Solid Rock Ministries Inc. manage to operate with zero officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership is either entirely volunteer-based or that compensation is structured in a way that it is not reported as officer compensation on the 990 form. This is a significant indicator of a lean administrative structure.
What is the primary use of funds given the zero officer compensation?
With no reported officer compensation, it is highly probable that the vast majority of the organization's expenses are directed towards program services and essential administrative costs, maximizing the impact of donations on its stated mission.
Filing History
IRS 990 filing history for Solid Rock Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Solid Rock Ministries Inc's revenue has declined by 27.6%, moving from $85K to $62K. Total assets decreased by 36.3% over the same period, from $227K to $145K. Total functional expenses fell by 30.2%, from $90K to $63K. In its most recent filing year (2023), Solid Rock Ministries Inc reported a deficit of $846, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $62K | $63K | $145K | $0 | — | — |
| 2022 | $81K | $80K | $153K | $7K | — | View 990 |
| 2021 | $89K | $100K | $157K | $13K | — | — |
| 2020 | $96K | $106K | $175K | $20K | — | — |
| 2019 | $110K | $110K | $181K | $26K | — | View 990 |
| 2018 | $120K | $147K | $187K | $31K | — | View 990 |
| 2017 | $189K | $152K | $219K | $37K | — | View 990 |
| 2016 | $79K | $83K | $145K | $0 | — | View 990 |
| 2015 | $84K | $98K | $150K | $0 | — | View 990 |
| 2014 | $69K | $88K | $164K | $1K | — | View 990 |
| 2013 | $64K | $94K | $182K | $0 | — | View 990 |
| 2012 | $66K | $80K | $213K | $40 | — | View 990 |
| 2011 | $85K | $90K | $227K | $-42 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $62K, expenses of $63K, and assets of $145K (revenue -23.9% year-over-year).
- 2022: Revenue of $81K, expenses of $80K, and assets of $153K (revenue -9.1% year-over-year).
- 2021: Revenue of $89K, expenses of $100K, and assets of $157K (revenue -6.7% year-over-year).
- 2020: Revenue of $96K, expenses of $106K, and assets of $175K (revenue -12.9% year-over-year).
- 2019: Revenue of $110K, expenses of $110K, and assets of $181K (revenue -8.3% year-over-year).
- 2018: Revenue of $120K, expenses of $147K, and assets of $187K (revenue -36.7% year-over-year).
- 2017: Revenue of $189K, expenses of $152K, and assets of $219K (revenue +138.8% year-over-year).
- 2016: Revenue of $79K, expenses of $83K, and assets of $145K (revenue -5.5% year-over-year).
- 2015: Revenue of $84K, expenses of $98K, and assets of $150K (revenue +20.6% year-over-year).
- 2014: Revenue of $69K, expenses of $88K, and assets of $164K (revenue +8.7% year-over-year).
- 2013: Revenue of $64K, expenses of $94K, and assets of $182K (revenue -2.9% year-over-year).
- 2012: Revenue of $66K, expenses of $80K, and assets of $213K (revenue -22.9% year-over-year).
- 2011: Revenue of $85K, expenses of $90K, and assets of $227K.
Data Sources and Methodology
This transparency report for Solid Rock Ministries Inc 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.