Solid Rock International

The information on this page was last updated 12/5/2022. If you see errors or omissions, please email: [email protected]


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: [email protected]


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.

SRI acknowledges that there is so much more to wellness than just physical health. We believe we are called by God's Word to care for the poor, and by doing so, are serving God himself.


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 rating255 of 102230 of 128
Fund acquisition rating266 of 102539 of 128
Resource allocation rating354 of 102539 of 128
Asset utilization rating496 of 102261 of 128

Financial ratios

Funding ratiosSector median20222021201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
4%3%5%3%3%3%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%3%5%3%3%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%100%100%98%99%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%3%4%3%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%0%0%2%1%0%
 
Operating ratiosSector median20222021201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%87%85%85%83%87%
Spending ratio Spending ratio =
Total expenses /
Total revenue
92%89%126%105%89%92%
Program output ratio Program output ratio =
Program services /
Total revenue
76%78%106%89%74%80%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
8%11%-26%-5%11%8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%15%-23%-4%9%8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%10%12%12%13%10%
 
Investing ratiosSector median20222021201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.131.141.090.950.740.96
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.271.011.011.011.011.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.631.151.110.950.750.96
 
Liquidity ratiosSector median20222021201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
21.0244.93117.4839.68202.84103.06
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.040.020.010.030.000.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.7910.2010.7512.2815.9812.35
 
Solvency ratiosSector median20222021201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%2%5%3%0%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%4%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
79%86%87%103%134%103%

Financials

Balance sheet
 
Assets20222021201920182017
Cash$1,107,154$1,321,111$1,661,180$1,654,601$1,306,120
Receivables, inventories, prepaids$482,643$79,228$155,268$204,233$394,417
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,589,797$1,400,339$1,816,448$1,858,834$1,700,537
Long-term investments$0$0$0$0$0
Fixed assets$0$0$0$0$0
Other long-term assets$15,438$15,740$10,124$9,957$6,011
Total long-term assets$15,438$15,740$10,124$9,957$6,011
Total assets$1,605,235$1,416,079$1,826,572$1,868,791$1,706,548
 
Liabilities20222021201920182017
Payables and accrued expenses$35,384$11,920$45,774$9,164$16,501
Other current liabilities$0$0$0$0$0
Total current liabilities$35,384$11,920$45,774$9,164$16,501
Debt$0$63,164$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$63,164$0$0$0
Total liabilities$35,384$75,084$45,774$9,164$16,501
 
Net assets20222021201920182017
Without donor restrictions$447,988$305,472$71,176$49,473$53,825
With donor restrictions$1,121,863$1,035,523$1,709,622$1,810,154$1,636,222
Net assets$1,569,851$1,340,995$1,780,798$1,859,627$1,690,047
 
Revenues and expenses
 
Revenue20222021201920182017
Total contributions$2,054,918$1,234,296$1,622,851$1,547,418$1,772,467
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$1,900$757$28,191$11,222$1,865
Other revenue$0$0$0$0$0
Total other revenue$1,900$757$28,191$11,222$1,865
Total revenue$2,056,818$1,235,053$1,651,042$1,558,640$1,774,332
 
Expenses20222021201920182017
Program services$1,596,062$1,310,107$1,467,322$1,157,897$1,416,178
Management and general$177,259$181,879$207,828$183,177$170,682
Fundraising$54,641$58,066$54,721$47,987$48,916
Total expenses$1,827,962$1,550,052$1,729,871$1,389,061$1,635,776
 
Change in net assets20222021201920182017
Surplus (deficit)$228,856($314,999)($78,829)$169,579$138,556
Other changes in net assets$0$0$0$0$0
Total change in net assets$228,856($314,999)($78,829)$169,579$138,556

Compensation

NameTitleCompensation
Joseph ZimmermanExecutive Director$72,337
Shannon ZimmermanDirector of Development$48,061

Compensation data as of: 6/30/2021


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 12/5/2022. To update the information below, please email: [email protected]


History

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


Program accomplishments


Needs