HEAL MINISTRIES INC (EIN 262267496) - 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

RACHEL WEIR

Tax Period

2023-01-01 to 2023-12-31

HEAL MINISTRIES INC, founded in 2007, is a small nonprofit in the Religion sector that reported $829K in total revenue in fiscal year 2023. Expenses of $967K exceeded revenue, resulting in a 17% operating deficit.

Mission

AT THE JAMES PLACE IN JINJA, UGANDA, HEAL MENTORS WOMEN & CHILDREN HOPING THAT THROUGH THE PROCESS, THEY WILL FIND HOPE, FEEL LOVED, AND VALUED. THE MAIN FOCUS OF ALL THE EDUCATION PROGRAMS AT THE JAMES PLACE IS TO PROVIDE AN INCOME FOR THESE VULNERABLE WOMEN SO THAT THEY CAN PRO

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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 $705,394

Program Service Revenue $42,715

Investment Income $29

Other Revenue $80,746

TOTAL REVENUE $828,884

Expense Breakdown

Grants Paid $544,209

Salaries & Benefits $289,944

Fundraising Expenses $83,411

Program Expenses $666,541

Other Expenses $132,416

TOTAL EXPENSES $966,569

Year-over-Year Comparison

	2023	2022	Change
Revenue	$828,884	$814,349	+0.0%
Expenses	$966,569	$855,990	+0.1%
Net Income	$-137,685	$-41,641	+2.3%

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

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
CHERYL MACEY	BOARD MEMBER	2.00	Director	$0	$0	$0
TERESA SUGAR	BOARD MEMBER	2.00	Director	$0	$0	$0
MARTHA SCUDDER	ADVISORY BOARD MEMBER NON VO	1.00	Director	$0	$0	$0
STEVE LORENZ	ADVISORY BOARD MEMEBER NON VO	1.00	Director	$0	$0	$0
LAYLA VAUGHN	BOARD MEMBER THRU AUG 2022	2.00	Director	$0	$0	$0
KATHY HUFFMAN	BOARD MEMBER THRU MAY 2022	2.00	Director	$0	$0	$0
TREY WEIR	CO-EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
LISA SYLER	SECRETARY THRU MAY 2022	5.00	Officer	$0	$0	$0
RODNEY SYLER	CHAIRMAN THRU MAY 2022	5.00	Officer	$0	$0	$0
MEGAN FOREMAN	CHAIRMAN & TREASURER	5.00	Officer	$0	$0	$0
RACHEL WEIR	CO-EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
STEVE MORRIS	FINANCE CHAIRTREAS THRU JAN	5.00	Officer	$0	$0	$0
EMILY KINDER-JOVANCIC	SECRETARY BEG JUNE 2022	5.00	Officer	$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	$828,884	$966,569	$19,225	$-137,685
2022	$814,349	$855,990	$164,896	$-41,641
2021	$467,017	$464,010	$221,205	$3,007
2020	$462,677	$423,643	$208,719	$39,034
2019	$599,135	$640,434	$89,250	$-41,299
2018	$613,768	$591,732	$118,564	$22,036

HEAL MINISTRIES INC