HERITAGE MINISTRIES MANAGEMENT COMPANY INC (EIN 261590078) - 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

2007

Legal Domicile

Principal Officer

LISA RESSMAN

Phone

7164876800

Tax Period

2023-01-01 to 2023-12-31

HERITAGE MINISTRIES MANAGEMENT COMPANY INC, founded in 2007, is a community nonprofit in the Human Services sector that reported $8.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO SERVE OTHERS THROUGH CHRIST-CENTERED MINISTRIES WHICH PROMOTE HOPE, DIGNITY, AND PURPOSEFUL LIVING

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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 $0

Program Service Revenue $8,339,364

Investment Income $91

Other Revenue $274,311

TOTAL REVENUE $8,613,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,831,061

Fundraising Expenses $0

Program Expenses $8,613,766

Other Expenses $1,782,705

TOTAL EXPENSES $8,613,766

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,613,766	$7,894,717	+0.1%
Expenses	$8,613,766	$7,894,717	+0.1%
Net Income	$0	$0	N/A

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

117

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

$1,322,356

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Haglund	President & CEO	39	Officer	$307,380	$22,142	$329,522
Meghan Aldrich	Chief Operating Officer	39	Officer	$256,426	$4,071	$260,497
Mark Wilcox	Chief Information Officer	39	Officer	$182,939	$21,518	$204,457
Danielle Bozich	Chief Human Resources Officer	39	Officer	$181,081	$12,802	$193,883
Samuel Hill	Chief of Mission Advancement	39	Officer	$157,479	$17,925	$175,404
Robin DiGregorio	Regional Nursing Home Administrator	39	Highest	$152,678	$14,843	$167,521
Matthew Boswell	Vice President of Finance	39	Highest	$154,219	$9,903	$164,122
Richard Whitver	Managing Pharmacist	0	Highest	$0	$2,566	$163,091
Kathy Wetherell	RN Supervisor	0	Highest	$0	$16,440	$143,967
Tracy Nelson	Vice President of Human Resources	39	Highest	$127,206	$2,933	$130,139
Paul DeSantis	Chief Financial Officer	39	Officer	$114,509	$6,286	$120,795
Lisa Ressman	Chief Financial Officer	39	Officer	$36,586	$1,212	$37,798
Honna Curtis	Secretary/Treasurer	1	Officer Director	$0	$0	$0
Walter Fleming	Vice Chair	1	Officer Director	$0	$0	$0
Susan Wilston	Chair	1	Officer Director	$0	$0	$0
Susanne Mohnkern	Board Member	1	Director	$0	$0	$0
Joanne Smikle	Board Member	1	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	$8,613,766	$8,613,766	$1,984,724	No data
2022	$7,894,717	$7,894,717	$1,852,898	No data
2021	$6,981,043	$6,981,043	$1,977,680	No data
2020	$6,312,868	$6,312,868	$1,660,111	No data
2019	$5,809,673	$5,809,673	$5,923,060	No data
2018	$5,382,639	$5,382,639	$4,331,184	No data

HERITAGE MINISTRIES MANAGEMENT COMPANY INC