Heartbeat Ministries Inc (EIN 043220314) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

Muriel Ostrowski

Phone

7812297887

Tax Period

2022-01-01 to 2022-12-31

Heartbeat Ministries Inc, founded in 1997, is a small nonprofit in the Health Care sector that reported $240K in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $212K left a modest 12% surplus.

Mission

We seek to protect the lives of unborn children by giving families the material support they need to sustain their new child through their infant and toddler years. We continue to support these children as they age if at all possible. This year we have provided material support to over 650 new families. Layettes include but are not limited to car seats, strollers, Pand and Plays (infant cribs), diapers, clothing, and linens. Families may also need infant formula, baby food, high chairs, cribs, toddler beds, and books and toys. If families are in need of food or help with bills, we help as we can.

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Trantor Score

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

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $239,891

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $239,891

Expense Breakdown

Grants Paid $204,131

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $204,131

Other Expenses $7,551

TOTAL EXPENSES $211,682

Year-over-Year Comparison

	2022	2021	Change
Revenue	$239,891	$189,921	+0.3%
Expenses	$211,682	$191,792	+0.1%
Net Income	$28,209	$-1,871	-16.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Muriel Ostrowski	President	30	Director	$0	$0	$0
Paul Marano	Director	1	Director	$0	$0	$0
Kerry Duprez	Director	1	Director	$0	$0	$0
Kathy Parsons	Director	1	Director	$0	$0	$0
Eileen Cahill	Secretary	1	Officer	$0	$0	$0
James Donovan	Treasurer	1	Officer	$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	No data	No data	No data	No data
2022	$239,891	$211,682	$28,209	$28,209

Heartbeat Ministries Inc