Global Heart Ministries Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

Steven C Sharp

Phone

9729774855

Tax Period

2024-01-01 to 2024-12-31

Global Heart Ministries Inc, founded in 2008, is a small nonprofit in the Human Services sector that reported $802K in total revenue in fiscal year 2024. Expenses of $995K exceeded revenue, resulting in a 24% operating deficit.

Mission

We leverage innovative technologies to spread the message of Christ across Central Asia and Middle East. We give creative access to Jesus through digital media, faith-building resources and connection to a local church.

Program Service Accomplishments

Program 1

Expenses: $597,243

Over the past year, weve expanded our ability to walk alongside people in the discipleship process. Our follow-up strategy allows us to track individuals from the first time they hear the Gospel all the way to connecting with a local church, practicing spritual disciplines and telling others about Jesus. GHM impact in 2024 2,833,525 views of our Christian content, 610,226 Engagements, 5,905 connections to a local church, 1,409 Shared the Gospel, 1,343 Bibles delivered, and 46 salvation testimonies of individuals personally confirming their faith in Jesus with staff.

Program 2

Expenses: $27,060 Revenue: $27,060

In-Kind Rent Revenue is reported in the Financial Statements as calculated savings over Fair Market Value FMV of rent. For the calendar year ended December 31, 2024, third-party research estimated...

In-Kind Rent Revenue is reported in the Financial Statements as calculated savings over Fair Market Value FMV of rent. For the calendar year ended December 31, 2024, third-party research estimated the FMV to be 35.50 per Rentable Square Foot RSF as compared to 19.00 charged per RSF. This is a savings of 16.50 per RSF. To compute, multiply the 1640 Rentable Square Feet times this 16.50 savings to equal 27,060 as reported in the Statement of Activities.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $603,889

Program Service Revenue $0

Investment Income $248

Other Revenue $197,878

TOTAL REVENUE $802,015

Expense Breakdown

Grants Paid $184,791

Salaries & Benefits $456,181

Fundraising Expenses $192,266

Program Expenses $624,303

Other Expenses $354,446

TOTAL EXPENSES $995,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$802,015	$790,409	+0.0%
Expenses	$995,418	$1,071,544	-0.1%
Net Income	$-193,403	$-281,135	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$88,632

Total Directors