CONVERTING HEARTS MINISTRIES INC (EIN 260546732) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

CARLTON W EDWARDS II

Phone

9195296802

Tax Period

2023-01-01 to 2023-12-31

CONVERTING HEARTS MINISTRIES INC, founded in 2007, is a small nonprofit in the Mental Health sector that reported $357K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $312K left a modest 13% surplus.

Mission

CONVERTING HEARTS MINISTRIES, INC. MISSION IS TO RESCUE MEN FROM ADDICTIONS FOR LIFE.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $356,882

Program Service Revenue $0

Investment Income $59

Other Revenue $0

TOTAL REVENUE $356,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,557

Fundraising Expenses $43,226

Program Expenses $234,005

Other Expenses $161,338

TOTAL EXPENSES $311,895

Year-over-Year Comparison

	2023	2022	Change
Revenue	$356,941	$293,133	+0.2%
Expenses	$311,895	$270,839	+0.2%
Net Income	$45,046	$22,294	+1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLTON W EDWARDS	CHAIRMAN	N/A	Director	$0	$0	$0
CARLTON W EDWARDS II	TREASURER	N/A	Director	$0	$0	$0
GERALD LLOYD	SECRETARY	N/A	Director	$0	$0	$0
DOUG G LOVETTE	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$356,941	$311,895	$368,126	$45,046
2022	$293,133	$270,839	$321,147	$22,294
2021	$237,798	$243,218	$297,661	$-5,420
2020	$209,217	$195,416	$305,323	$13,801
2019	$154,739	$217,863	$289,320	$-63,124
2018	$241,623	$224,627	$357,470	$16,996

CONVERTING HEARTS MINISTRIES INC