HEARTLIFE MINISTRIES (EIN 264275648) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

SHAWNTELIA SMITH

Phone

3129821231

Tax Period

2024-01-01 to 2024-12-31

HEARTLIFE MINISTRIES, founded in 2009, is a small nonprofit in the Human Services sector that reported $215K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

EVANGELIZE WORLDWIDE, CREATE DEPARTMENTS NEEDED TO SUPPORT MISSIONS/OUTREACH ACTIVITIES, LICENSE & OVERSEE MINISTERS OF THE GOSPEL, RELIGIOUS, CHARITABLE PURPOSES

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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 $173,722

Program Service Revenue $40,903

Investment Income $0

Other Revenue $0

TOTAL REVENUE $214,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,955

Fundraising Expenses $0

Program Expenses $227,868

Other Expenses $78,913

TOTAL EXPENSES $227,868

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,625	$244,862	-0.1%
Expenses	$227,868	$253,882	-0.1%
Net Income	$-13,243	$-9,020	+0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN SMITH	PRESIDENT	20	Officer	$0	$0	$0
KEVIN CARTER	TREASURER	10	Officer	$0	$0	$0
KATHY ALEXANDE	SECRETARY	10	Officer	$0	$0	$0
W STRINGFELLOW	MEMBER	10	Director	$0	$0	$0
ALICE CRAWFORD	MEMBER	10	Director	$0	$0	$0
EVISHA FORD	MEMBER	10	Director	$0	$0	$0
SHANNA NEAL	MEMBER	10	Director	$0	$0	$0
JUAN DELEON	MEMBER	10	Director	$0	$0	$0
SHAWNTELIA SMI	PRESIDENT	20	Officer Director	$0	$0	$0
EUGENE HORTON	VICE PRESIDENT	20	Officer Director	$0	$0	$0
KEVIN CARTER	TREASURER	20	Officer Director	$0	$0	$0
SHERI POSTMA	DIRECTOR	20	Officer Director	$0	$0	$0
MARILYN ALEXAN	TREASURER	20	Officer Director	$0	$0	$0
LINDA ODEN-YOU	PRESIDENT	20	Officer Director	$0	$0	$0
EUGENE HORTON	SECRETARY	5	Officer Director	$0	$0	$0
LINDA ODEN-YOU	TREASURER	5	Officer Director	$0	$0	$0
FRANK J JAMES	DIRECTOR	5	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
2024	$214,625	$227,868	$44,485	$-13,243
2023	$244,862	$253,882	$48,696	$-9,020
2022	$298,459	$264,408	$58,712	$34,051
2021	$278,875	$237,240	$52,605	$41,635

HEARTLIFE MINISTRIES