Solid Rock International

Summary

Solid Rock International is a Christian non-profit 501(c)3 organization focused on transforming the body, mind, and soul of the poor in the Dominican Republic.


Contact information

Mailing address:
Solid Rock International
PO Box 20867
Indianapolis, IN 46220

Website: solidrockinternational.org

Phone: 419-956-4077

Email: jzimmerman@solidrockinternational.org


Organization details

EIN: 341719319

CEO/President: Joseph Zimmerman

Chairman: Michael Crout

Board size: 18

Founder: Dr. Osvaldo Canario

Year founded: 1993

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2004


Purpose

When Solid Rock International (formerly Solid Rock Missions) was first beginning as an organization in the early 1990s, the desire was, and still is today, to holistically serve the poor in the Dominican Republic by focusing on all aspects of health.


Mission statement

Transforming the body, mind, and soul of the poor in the Dominican Republic.


Statement of faith

We believe the Bible to be the inspired, the only infallible, authoritative Word of God. We believe that there is one God, eternally existent in three persons: Father, Son, and Holy Spirit. We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and in His personal return in power and glory. We believe that the salvation of lost and sinful man regeneration by the Holy Spirit is absolutely essential. We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life. We believe in the resurrection of both the saved and the lost; they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation. We believe in the spiritual unity of believers in our Lord Jesus Christ. 24:15) 7. We!believe!in!the!spiritual!unity!of!believers!in!our!Lord!Jesus!Christ. (John#17:20B23)

Transparency grade

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating171 of 53538 of 93
Fund acquisition rating100 of 53524 of 93
Resource allocation rating242 of 53546 of 93
Asset utilization rating300 of 53561 of 93

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%3%3%3%4%3%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%3%3%3%3%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%99%100%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%3%3%2%3%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%1%0%0%0%0%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%83%87%91%88%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%89%92%123%109%49%
Program output ratio Program output ratio =
Program services /
Total revenue
80%74%80%112%96%40%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%11%8%-23%-9%51%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%9%8%-24%-7%56%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%13%10%7%9%13%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.170.740.961.270.860.54
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.571.011.001.001.001.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.230.750.961.280.870.55
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.32202.84103.0670.04203.33265.55
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.000.010.010.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.6115.9812.359.2713.8021.80
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%0%1%1%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
71%134%103%78%116%184%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$1,654,601$1,306,120$1,159,356$1,366,146$1,213,555
Receivables, inventories, prepaids$204,233$394,417$406,676$565,911$840,506
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,858,834$1,700,537$1,566,032$1,932,057$2,054,061
Long-term investments$0$0$0$0$0
Fixed assets$0$0$0$0$0
Other long-term assets$9,957$6,011$7,817$8,329$23,904
Total long-term assets$9,957$6,011$7,817$8,329$23,904
Total assets$1,868,791$1,706,548$1,573,849$1,940,386$2,077,965
 
Liabilities20182017201620152014
Payables and accrued expenses$9,164$16,501$22,358$9,502$7,735
Other current liabilities$0$0$0$0$0
Total current liabilities$9,164$16,501$22,358$9,502$7,735
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$9,164$16,501$22,358$9,502$7,735
 
Net assets20182017201620152014
Unrestricted$49,473$53,825$119,140$80,619$98,456
Temporarily restricted$1,810,154$1,636,222$1,432,351$1,850,265$1,971,774
Permanently restricted$0$0$0$0$0
Net assets$1,859,627$1,690,047$1,551,491$1,930,884$2,070,230
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$1,547,418$1,772,467$1,619,493$1,531,330$2,290,578
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$11,222$1,865($1,251)$569($1,368)
Other revenue$0$0$0$0$0
Total other revenue$11,222$1,865($1,251)$569($1,368)
Total revenue$1,558,640$1,774,332$1,618,242$1,531,899$2,289,210
 
Expenses20182017201620152014
Program services$1,157,897$1,416,178$1,815,792$1,473,681$913,912
Management and general$183,177$170,682$139,817$143,966$142,499
Fundraising$47,987$48,916$42,026$53,598$69,917
Total expenses$1,389,061$1,635,776$1,997,635$1,671,245$1,126,328
 
Change in net assets20182017201620152014
Surplus (deficit)$169,579$138,556($379,393)($139,346)$1,162,882
Other changes in net assets$0$0$0$0$0
Total change in net assets$169,579$138,556($379,393)($139,346)$1,162,882

Response from ministry

No response has been provided by this ministry.


History

https://www.solidrockinternational.org/wp-content/uploads/2011/10/New-Mercies-Book.pdf


Program accomplishments


Needs