HEART CHANGE MINISTRIES INC

EIN: 010877614 501(c)(3) Human Services

INDIANAPOLIS, IN

Total Revenue
$1,358,395
Total Expenses
$351,254
Total Assets
$5,150,636
Net Assets
$5,145,136
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
IN
Principal Officer
CYNTHIA PALMER
Phone
3174960916
Tax Period
2024-01-01 to 2024-12-31

HEART CHANGE MINISTRIES INC, founded in 2006, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 74% operating margin.

Mission

STRENGTHEN AND EQUIP WOMEN AND THEIR FAMILIES IN CRISIS AND POVERTY THROUGH A COMPREHENSIVE COURSE OF BIBLICAL INSTRUCTION, CHARACTER DEVELOPMENT, WORK ETHIC, ACADEMIC ACHIEVEMENT, WORK READINESS, AND ON-THE-JOB VOCATIONAL TRAINING COMBINED WITH SUPPORTIVE RELATIONSHIPS AND ACTIVE MENTORING OVER A 3-5 YEAR TIMEFRAME.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,310,764
Program Service Revenue $61,140
Investment Income $18,900
Other Revenue $-32,409
TOTAL REVENUE $1,358,395

Expense Breakdown

Grants Paid $0
Salaries & Benefits $173,769
Fundraising Expenses $0
Program Expenses $351,204
Other Expenses $177,485
TOTAL EXPENSES $351,254

Year-over-Year Comparison

2024 2023 Change
Revenue $1,358,395 $807,006 +0.7%
Expenses $351,254 $274,599 +0.3%
Net Income $1,007,141 $532,407 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
14
Independent Members
13
Employees
13
Volunteers
85

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA PALMER BOARD MEMBER/MANAGING D 65.00
Officer Director
$0 $0 $0
DAVID PALMER BOARD MEMBER 1.00
Director
$0 $0 $0
DALE SHAW BOARD PRESIDENT/MANAGING D 1.00
Officer Director
$0 $0 $0
SARAH SHAW BOARD MEMBER 1.00
Director
$0 $0 $0
BILL TAFT BOARD MEMBER 1.00
Director
$0 $0 $0
JOANNA TAFT BOARD MEMBER 1.00
Director
$0 $0 $0
RUSSELL PULLIAM BOARD MEMBER 1.00
Officer Director
$0 $0 $0
RUTH PULLIAM BOARD MEMBER 1.00
Director
$0 $0 $0
JAY HEIN BOARD MEMBER 1.00
Director
$0 $0 $0
MARY JO HEIN BOARD MEMBER 1.00
Director
$0 $0 $0
DERRICK BURKS BOARD MEMBER 1.00
Director
$0 $0 $0
CELESTE BURKS BOARD MEMBER 1.00
Director
$0 $0 $0
LAURIE ABEL BOARD MEMBER 1.00
Director
$0 $0 $0
JOSH ABEL BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,358,395 $351,254 $5,150,636 $1,007,141
2023 $807,006 $274,599 $4,163,595 $532,407
2019 $411,034 $264,762 $1,531,058 $146,272
2018 $528,770 $232,807 $1,381,568 $295,963
Explore More Nonprofits
Top 100 Nonprofits in Indiana Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HEART CHANGE MINISTRIES INC with other nonprofits in Indiana and across the country.