Solid Rock International

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 1/31/2022. To update the information in this column, please email: info@ministrywatch.com


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: Dr. Charlie Rhodes

Board size: 22

Founder: Dr. Osvaldo Canario

Ruling year: 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

1. We believe the Bible to be the inspired, the only infallible, authoritative Word of God. (2 Timothy 3:16, 2 Samuel 7:28, Psalm 12:6, Psalm 119:42, John 27:17)

2. We believe that there is one God, eternally existent in three persons: Father, Son, and Holy Spirit. (2 Corinthians 13:14, Matthew 28:19-20)

3. 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. (1 Corinthians 15:2-4, John 1:1, John 1:15, Romans 9:5, Titus 2:13, 2 Peter 1:1, Colossians 1:19-20, Hebrews 3:17)

4. We believe that the salvation of lost and sinful man regeneration by the by the Holy Spirit is absolutely essential. (John 3:5, Hebrews 9:14)

5. We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life. (Galatians 5:22-23, 2 Corinthians 1:21-22, John 16:13-14, Romans 8:29, 1 John 3:2, Romans 8:9)

6. 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. (John 11:25, Acts 24:15)

7. We believe in the spiritual unity of believers in our Lord Jesus Christ. (John 17:20-23)

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating422 of 102255 of 121
Fund acquisition rating416 of 102457 of 121
Resource allocation rating446 of 102451 of 121
Asset utilization rating537 of 102265 of 121

Financial ratios

Funding ratiosSector median20212019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%5%3%3%3%3%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%5%3%3%3%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%100%98%99%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%4%3%3%3%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%0%2%1%0%0%
 
Operating ratiosSector median20212019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%85%85%83%87%91%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%126%105%89%92%123%
Program output ratio Program output ratio =
Program services /
Total revenue
79%106%89%74%80%112%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%-26%-5%11%8%-23%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%-23%-4%9%8%-24%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%12%12%13%10%7%
 
Investing ratiosSector median20212019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.211.090.950.740.961.27
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.291.011.011.011.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.771.110.950.750.961.28
 
Liquidity ratiosSector median20212019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
20.97117.4839.68202.84103.0670.04
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.010.030.000.010.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.1110.7512.2815.9812.359.27
 
Solvency ratiosSector median20212019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%5%3%0%1%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%4%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
75%87%103%134%103%78%

Financials

Balance sheet
 
Assets20212019201820172016
Cash$1,321,111$1,661,180$1,654,601$1,306,120$1,159,356
Receivables, inventories, prepaids$79,228$155,268$204,233$394,417$406,676
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,400,339$1,816,448$1,858,834$1,700,537$1,566,032
Long-term investments$0$0$0$0$0
Fixed assets$0$0$0$0$0
Other long-term assets$15,740$10,124$9,957$6,011$7,817
Total long-term assets$15,740$10,124$9,957$6,011$7,817
Total assets$1,416,079$1,826,572$1,868,791$1,706,548$1,573,849
 
Liabilities20212019201820172016
Payables and accrued expenses$11,920$45,774$9,164$16,501$22,358
Other current liabilities$0$0$0$0$0
Total current liabilities$11,920$45,774$9,164$16,501$22,358
Debt$63,164$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$63,164$0$0$0$0
Total liabilities$75,084$45,774$9,164$16,501$22,358
 
Net assets20212019201820172016
Without donor restrictions$305,472$71,176$49,473$53,825$119,140
With donor restrictions$1,035,523$1,709,622$1,810,154$1,636,222$1,432,351
Net assets$1,340,995$1,780,798$1,859,627$1,690,047$1,551,491
 
Revenues and expenses
 
Revenue20212019201820172016
Total contributions$1,234,296$1,622,851$1,547,418$1,772,467$1,619,493
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$757$28,191$11,222$1,865($1,251)
Other revenue$0$0$0$0$0
Total other revenue$757$28,191$11,222$1,865($1,251)
Total revenue$1,235,053$1,651,042$1,558,640$1,774,332$1,618,242
 
Expenses20212019201820172016
Program services$1,310,107$1,467,322$1,157,897$1,416,178$1,815,792
Management and general$181,879$207,828$183,177$170,682$139,817
Fundraising$58,066$54,721$47,987$48,916$42,026
Total expenses$1,550,052$1,729,871$1,389,061$1,635,776$1,997,635
 
Change in net assets20212019201820172016
Surplus (deficit)($314,999)($78,829)$169,579$138,556($379,393)
Other changes in net assets$0$0$0$0$0
Total change in net assets($314,999)($78,829)$169,579$138,556($379,393)

Compensation

NameTitleCompensation
Joseph ZimmermanExecutive Director$66,312

Compensation data as of: 6/30/2018


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 1/31/2022. To update the information below, please email: info@ministrywatch.com


History

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


Program accomplishments


Needs