HIS PERFECT LOVE MINISTRIES (EIN 205515015) - 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

2006

Legal Domicile

Principal Officer

CHRISTINE SURRATT

Phone

7042339191

Tax Period

2024-01-01 to 2024-12-31

HIS PERFECT LOVE MINISTRIES, founded in 2006, is a small nonprofit in the Crime & Legal sector that reported $631K in total revenue in fiscal year 2024. The organization ran a surplus of $237K, a strong 38% operating margin.

Mission

HOUSE OF PEARLS BOUTIQUE - RESALE OF DONATED GOODS TO HELP FUND THE HOUSE OF PEARLS TRANSITIONAL HOME LOCATED IN UNION COUNTY, NC. IT IS A 180 DAY PROGRAM WHERE LADIES LEARN LIFE AND JOB SKILLS THROUGH VOLUNTEERS

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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 $464,570

Program Service Revenue $159,987

Investment Income $6,446

Other Revenue $0

TOTAL REVENUE $631,003

Expense Breakdown

Grants Paid $14,811

Salaries & Benefits $170,216

Fundraising Expenses $0

Program Expenses $226,197

Other Expenses $208,915

TOTAL EXPENSES $393,942

Year-over-Year Comparison

	2024	2023	Change
Revenue	$631,003	$588,582	+0.1%
Expenses	$393,942	$444,471	-0.1%
Net Income	$237,061	$144,111	+0.6%

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

N/A

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

$68,295

Total Directors

$68,295

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DELOIS CARPENTER	EXECUTIVE DIRECTOR	040.00	Officer Director	$44,645	$0	$44,645
KIMBERLY SCHOENING	STORE MANAGER	040.00	Officer Director	$23,650	$0	$23,650
CHRISTINE SURRATT	SECRETARY/TREASURER	002.00	Officer Director	$0	$0	$0
STEVE MERRITT	CHAIRMAN	002.00	Director	$0	$0	$0
TABITHA HINSON CUDD	VICE-CHAIRMAN	002.00	Director	$0	$0	$0
WALLY GILMER	BOARD MEMBER	002.00	Director	$0	$0	$0
DORIE MAYES	BOARD MEMBER	002.00	Director	$0	$0	$0
MARK HILL	BOARD MEMBER	002.00	Director	$0	$0	$0
MATT MCGINN	BOARD MEMBER	002.00	Director	$0	$0	$0
MARGARET BUTLER	BOARD MEMBER	002.00	Director	$0	$0	$0
CINDY HUFFMAN	BOARD MEMBER	002.00	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	$631,003	$393,942	$948,215	$237,061
2023	$588,582	$444,471	$711,512	$144,111
2022	$566,660	$345,867	$419,867	$220,793
2021	$409,365	$323,055	$200,029	$86,310
2020	$243,266	$211,288	$114,673	$31,978

HIS PERFECT LOVE MINISTRIES