KIND AT HEART MINISTRIES INC (EIN 264167010) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

DAVE LEETCH

Phone

4792384608

Tax Period

2023-01-01 to 2023-12-31

KIND AT HEART MINISTRIES INC, founded in 2008, is a small nonprofit in the Human Services sector that reported $182K in total revenue in fiscal year 2018. Revenue decreased 16% compared to the prior year. Expenses of $229K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE ORGANIZATION IS COMMITTED TO MEETING THE NEEDS OF WIDOWS, THE ELDERLY, AND THE DISABLED OF NORTHWEST ARKANSAS AND NORTHEAST OKLAHOMA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $347,697

Program Service Revenue $0

Investment Income $5,865

Other Revenue $0

TOTAL REVENUE $353,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,067

Fundraising Expenses $26,252

Program Expenses $291,924

Other Expenses $178,691

TOTAL EXPENSES $375,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$353,562	$281,808	+0.3%
Expenses	$375,758	$276,291	+0.4%
Net Income	$-22,196	$5,517	-5.0%

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

$61,500

Total Directors

$42,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
H WAYNE THOMAS	PRESIDENT	40.00	Officer Director	$42,000	$0	$42,000
DAVE LEETCH	TREASURER	40.00	Officer	$19,500	$0	$19,500
MICHAEL BARNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN PHILLIPS	BOARD MEMBER	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	$353,562	$375,758	$180,530	$-22,196
2022	$281,808	$276,291	$202,171	$5,517
2021	$260,385	$214,762	$194,965	$45,623
2019	$213,972	$202,259	$96,316	$11,713
2018	$182,018	$228,755	$86,305	$-46,737

KIND AT HEART MINISTRIES INC