HEARTBEAT INTERNATIONAL MINISTRIES FOUNDATION INC (EIN 201123103) - 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

2003

Legal Domicile

Principal Officer

STEPHEN L GAMBLE

Phone

2038660892

Tax Period

2023-01-01 to 2023-12-31

HEARTBEAT INTERNATIONAL MINISTRIES FOUNDATION INC, founded in 2003, is a small nonprofit in the Human Services sector that reported $165K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring.

Mission

A 501(C)(3) ORGANIZATION INCORPORATED AND HEADQUARTERED IN CONNECTICUT (USA). WITH EXTENSIVE EXPERIENCE IN COORDINATING RELIEF AND CHARITABLE EFFORTS IN DISPARATE LOCATIONS DOMESTIC AND WORLDWIDE; HEARTBEAT WORKS TIRELESSLY AROUND THE GLOBE ON A CONSTANT AND ONGOING BASIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $150,788

Program Service Revenue $14,170

Investment Income $0

Other Revenue $0

TOTAL REVENUE $164,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,000

Other Expenses $178,593

TOTAL EXPENSES $178,593

Year-over-Year Comparison

	2023	2022	Change
Revenue	$164,958	$399,622	-0.6%
Expenses	$178,593	$156,330	+0.1%
Net Income	$-13,635	$243,292	-1.1%

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

N/A

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
STEPHEN GAMBLE	PRESIDENT	2.00	Officer Director	$0	$0	$0
KATHLEEN GAMBLE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KIMBERLY SCORESE	TREASURER/SECRETARY	2.00	Director	$0	$0	$0
KYLE HILL	ADMINISTRATOR	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$164,958	$178,593	$248,473	$-13,635
2022	$399,622	$156,330	$262,108	$243,292
2021	$115,043	$119,207	$18,816	$-4,164
2020	$86,281	$83,415	$22,980	$2,866
2019	$103,123	$100,997	$20,114	$2,126

HEARTBEAT INTERNATIONAL MINISTRIES FOUNDATION INC