THE HEARTLIGHT MINISTRIES FOUNDATION (EIN 203179800) - 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

2005

Legal Domicile

Principal Officer

MARK GREGSTON

Phone

9036682173

Tax Period

2024-07-01 to 2025-06-30

THE HEARTLIGHT MINISTRIES FOUNDATION, founded in 2005, is a community nonprofit in the Youth Development sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $4.1M represent 25 months of operating reserves.

Mission

TO PROMOTE AND SUPPORT THE MINISTRY OF HEARTLIGHT MINISTRIES, INC. AND TO ALSO PROVIDE PARENTING RESOURCES FOR FAMILIES WITH STRUGGLING TEENAGERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,160,165

Program Service Revenue $584,437

Investment Income $15,829

Other Revenue $257,750

TOTAL REVENUE $2,018,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $634,507

Fundraising Expenses $236,980

Program Expenses $1,279,648

Other Expenses $1,445,015

TOTAL EXPENSES $2,079,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,018,181	$2,962,427	-0.3%
Expenses	$2,079,522	$2,137,025	0.0%
Net Income	$-61,341	$825,402	-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

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

$289,032

Total Directors

$289,032

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK GREGSTON	EXECUTIVE DIRECTOR	40.00	Officer Director	$151,200	$0	$151,200
ADAM GREGSTON	DEVELOPMENT	40.00	Officer Director	$137,832	$0	$137,832
ALAN CARTER	DIRECTOR	0.00	Director	$0	$0	$0
BELINDA CARTER	DIRECTOR	0.00	Director	$0	$0	$0
GEORGE DUNKLIN	DIRECTOR	0.00	Director	$0	$0	$0
LIVIA DUNKLIN	DIRECTOR	0.00	Director	$0	$0	$0
JAN GREGSTON	DIRECTOR	0.00	Officer Director	$0	$0	$0
JERRY HEUER	DIRECTOR	0.00	Director	$0	$0	$0
LEANNE HEUER	DIRECTOR	0.00	Director	$0	$0	$0
LORI KEMP	DIRECTOR	0.00	Director	$0	$0	$0
ROGER KEMP	DIRECTOR	0.00	Director	$0	$0	$0
SUSANNE WALSH	DIRECTOR	0.00	Director	$0	$0	$0
WILLIAM WALSH	DIRECTOR	0.00	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	$2,018,181	$2,079,522	$5,045,705	$-61,341
2024	$2,962,427	$2,137,025	$5,580,356	$825,402
2023	$1,664,794	$2,238,014	$5,064,648	$-573,220
2022	$1,634,263	$2,096,958	$5,514,669	$-462,695
2021	$2,440,619	$2,088,945	$6,105,246	$351,674
2020	$2,169,797	$2,220,500	$5,738,285	$-50,703
2019	$1,626,482	$2,385,421	$5,604,354	$-758,939
2018	$2,880,442	$1,987,724	$6,406,179	$892,718

THE HEARTLIGHT MINISTRIES FOUNDATION