This question has been answered by jmaddington2. See the first response.
I have a fresh and squeaky clean install of 2.2.14 on PHP 5.3.28, GD bundled (2.1.0 compatible), no ImageMagick. It's a shared webspace, Host Europe in Germany.
Troubleshootinghttp://rtfm.modx.com/extras/revo/phpthumbof
Make sure that the "assets/components/phpthumbof/cache" directory is created and is writable by PHP
Make sure you have ImageMagick installed and enabled on your PHP installation
If your host is using symlinks for its directory structure, make sure they point to the correct, true path in core/config/config.inc.php