HEART'S CRY CHILDREN'S MINISTRY

EIN: 263138306 501(c)(3) International Affairs

RALEIGH, NC

Total Revenue
$1,604,759
Total Expenses
$1,515,462
Total Assets
$784,757
Net Assets
$733,797
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NC
Principal Officer
MISTY HEDSPETH
Phone
9198303916
Tax Period
2022-07-01 to 2023-06-30

HEART'S CRY CHILDREN'S MINISTRY, founded in 2008, is a community nonprofit in the International Affairs sector that reported $1.6M in total revenue in fiscal year 2022. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 6% surplus.

Mission

TO MEET THE NEEDS OF ORPHANS AROUND THE WORLD, WHICH INCLUDES RELIEF OF THE POOR, THE DISTRESSED, AND THE UNDERPRIVILEGED, ASSISTING THE EFFORTS TO PLACE ORPHANS INTO LOVING FAMILIES, AND STRENGTHENING FAMILIES. THE CORPORATION SHALL PROVIDE SERVICES DIRECTED TO A CHARITABLE CONSTITUENCY, NAMELY ORPHANS AND NEEDY CHILDREN, INCLUDING FACILITATING

Program Service Accomplishments

Program 1
Expenses: $1,283,807

AN ORPHANAGE HOME IN PANAMA CURRENTLY HOUSING CHILDREN WITHOUT PARENTAL CARE OF WHOM ALL HAVE SPECIAL MEDICAL NEEDS. THIS IS THE FIRST ORPHANAGE AND THERAPY CENTER OF THIS TYPE IN THE COUNTRY OF...

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AN ORPHANAGE HOME IN PANAMA CURRENTLY HOUSING CHILDREN WITHOUT PARENTAL CARE OF WHOM ALL HAVE SPECIAL MEDICAL NEEDS. THIS IS THE FIRST ORPHANAGE AND THERAPY CENTER OF THIS TYPE IN THE COUNTRY OF PANAMA AND WILL CONTINUE TO GROW IN CAPACITY TO HOUSE 55 SPECIAL NEEDS CHILDREN WITHOUT PARENTAL CARE, WHILE PROVIDING THERAPY TO OTHER SIMILARLY SITUATED CHILDREN NOT HOUSED ON-SITE. ALSO ASSIST FAMILIES AND ORPHANAGES AS THEY PROVIDE FOR THE NEEDS OF ORPHANS IN THEIR CARE.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,604,372
Program Service Revenue $0
Investment Income $152
Other Revenue $235
TOTAL REVENUE $1,604,759

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,064,925
Fundraising Expenses $114,554
Program Expenses $1,283,807
Other Expenses $450,537
TOTAL EXPENSES $1,515,462

Year-over-Year Comparison

2022 2021 Change
Revenue $1,604,759 $1,228,247 +0.3%
Expenses $1,515,462 $1,203,757 +0.3%
Net Income $89,297 $24,490 +2.6%
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

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Governance

Voting Members
5
Independent Members
5
Employees
51
Volunteers
247

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
5
$22,270
Total Directors
6
$22,270
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT HEDSPETH PRESIDENT, PANAMA BOD 040.00
Officer Director
$0 $22,270 $22,270
STEVE SWAYNE DIRECTOR 001.00
Director
$0 $0 $0
TODD USSERY VICE CHAIRMAN, US BOD 001.00
Officer Director
$0 $0 $0
DAN GUNN TREASURER, US BOD 001.00
Officer Director
$0 $0 $0
GEORGE DELOACHE SECRETARY, US BOD 001.00
Officer Director
$0 $0 $0
MISTY HEDSPETH CHAIRMAN US BOD, VP TREASURER, PANAMA BOD 025.00
Officer 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,604,759 $1,515,462 $784,757 $89,297
2022 $1,228,247 $1,203,757 $650,468 $24,490
2021 $1,092,321 $1,140,770 $635,429 $-48,449
2020 $1,056,807 $1,143,493 $694,245 $-86,686
2019 $911,101 $908,229 $744,960 $2,872
2018 $911,828 $600,296 $745,991 $311,532
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