Servants Hearts Ministries Inc (EIN 260611258) - 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

Tax Period

2023-01-01 to 2023-12-31

Servants Hearts Ministries Inc, founded in 2007, is a small nonprofit in the Religion sector that reported $278K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $245K left a modest 12% surplus.

Mission

Servant's Heart Ministries is committed to serving the people of Guatemaula. Servant's Heart Ministries is engaged in providing safe drinking water to communities and meeting needs of children by providing food and clothing to those in need. Servant's Heart is also engaged in building relationships with Guatemala citizens and through these relationships teaching them about a christian 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 $277,786

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $277,786

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $45,213

Fundraising Expenses $0

Program Expenses $221,590

Other Expenses $192,100

TOTAL EXPENSES $244,813

Year-over-Year Comparison

	2023	2022	Change
Revenue	$277,786	$255,206	+0.1%
Expenses	$244,813	$275,667	-0.1%
Net Income	$32,973	$-20,461	-2.6%

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

N/A

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
Robert Kornegay	President	40.00	Director	$0	$0	$0
Georgette Kornegay	Secretary	40.00	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
2024	No data	No data	No data	No data
2023	$277,786	$244,813	$209,938	$32,973
2022	$255,206	$275,667	$177,774	$-20,461
2021	$251,450	$217,430	$190,690	$34,020
2020	$281,495	$274,001	$163,440	$7,494
2019	$314,772	$334,018	$159,075	$-19,246
2018	$364,430	$295,302	$166,941	$69,128

Servants Hearts Ministries Inc