THE NOBLE HEART INC

EIN: 263259881 501(c)(3) Religion

COLORADO SPRINGS, CO

Total Revenue
$254,722
Total Expenses
$141,344
Total Assets
$127,396
Net Assets
$125,026
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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
CO
Principal Officer
GARY BARKALOW
Phone
7194336518
Tax Period
2023-01-01 to 2023-12-31

THE NOBLE HEART INC, founded in 2008, is a small nonprofit in the Religion sector that reported $255K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 45% operating margin.

Mission

THE NOBLE HEART IS A MINISTRY WITH THE EXPRESS PURPOSE OF HELPING MEN AND WOMEN FIND THEIR LIFE IN GOD AND THEIR CALLING IN THIS WORLD THROUGH THE RESTORING, REVEALING AND RELEASING OF THEIR HEART BY THE WORK OF JESUS CHRIST.

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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 (2023)

Revenue Breakdown

Contributions & Grants $238,119
Program Service Revenue $16,238
Investment Income $2
Other Revenue $363
TOTAL REVENUE $254,722

Expense Breakdown

Grants Paid $0
Salaries & Benefits $121,373
Fundraising Expenses $6,200
Program Expenses $99,496
Other Expenses $19,971
TOTAL EXPENSES $141,344

Year-over-Year Comparison

2023 2022 Change
Revenue $254,722 $163,241 +0.6%
Expenses $141,344 $164,673 -0.1%
Net Income $113,378 $-1,432 -80.2%
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
3
Independent Members
3
Employees
1
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
$120,237
Total Directors
3
$120,237
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY BARKALOW PRESIDENT 50.00
Officer Director
$69,000 $51,237 $120,237
DAVID BERVIG DIRECTOR 1.00
Director
$0 $0 $0
MARC FEY DIRECTOR 1.00
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
2023 $254,722 $141,344 $127,396 $113,378
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