HARK UP MINISTRIES

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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

2008

Legal Domicile

Principal Officer

CHRIS HANSEN

Phone

6164812499

Tax Period

2024-01-01 to 2024-12-31

HARK UP MINISTRIES, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $577K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $503K left a modest 13% surplus.

Mission

WORSHIP AND ARTS MINISTRY

Program Service Accomplishments

Program 1

Expenses: $455,097 Revenue: $434,138

PROVIDED GOD-HONORING MUSICAL AND ARTISTIC EVENTS, MENTORED YOUTH FOR THE PURPOSE OF TRAINING THEM AS FUTURE WORSHIP LEADERS, AND WORKED WITH LOCAL CHURCHES AND MINISTRIES TO PROVIDE WORSHIP AND...

PROVIDED GOD-HONORING MUSICAL AND ARTISTIC EVENTS, MENTORED YOUTH FOR THE PURPOSE OF TRAINING THEM AS FUTURE WORSHIP LEADERS, AND WORKED WITH LOCAL CHURCHES AND MINISTRIES TO PROVIDE WORSHIP AND MUSIC GUIDANCE AND RESOURCES.

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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 $137,900

Program Service Revenue $434,138

Investment Income $4,780

Other Revenue $0

TOTAL REVENUE $576,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,795

Fundraising Expenses $0

Program Expenses $455,097

Other Expenses $448,216

TOTAL EXPENSES $503,011

Year-over-Year Comparison

	2024	2023	Change
Revenue	$576,818	$473,403	+0.2%
Expenses	$503,011	$441,479	+0.1%
Net Income	$73,807	$31,924	+1.3%

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

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

$46,475

Total Directors

$54,795

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HANSEN	PRESIDENT	35.00	Officer Director	$44,603	$0	$44,603
SCOTT PEDERSON	BOARD MEMBER	N/A	Director	$4,890	$0	$4,890
WILLIAM REYNOLDS	BOARD MEMBER	N/A	Director	$3,430	$0	$3,430
JEFF COOK	TREASURER	N/A	Officer Director	$1,270	$0	$1,270
DAVID TANIS	SECRETARY	N/A	Officer Director	$602	$0	$602

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	$576,818	$503,011	$322,967	$73,807
2023	$473,403	$441,479	$249,160	$31,924
2022	$460,977	$399,172	$218,015	$61,805
2021	$388,089	$384,253	$155,431	$3,836
2020	$221,859	$233,382	$151,595	$-11,523
2019	$405,687	$360,170	$163,119	$45,517
2018	$389,113	$324,683	$117,602	$64,430