HEARTS ON FIRE MINISTRIES INC (EIN 270498081) - 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

SCOTT CARTER

Phone

8657762629

Tax Period

2024-01-01 to 2024-12-31

HEARTS ON FIRE MINISTRIES INC, founded in 2009, is a small nonprofit in the Religion sector that reported $957K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $213K, a strong 22% operating margin.

Mission

THE MISSION OF HEARTS ON FIRE, INC. IS TO REACH MIDDLE SCHOOL, HIGH SCHOOL AND COLLEGE AGE YOUNG PEOPLE WITH THE GOSPEL OF JESUS CHRIST BY HOSTING EVANGELISTIC CONFERENCES THAT FEATURE WELL-KNOWN CHRISTIAN SPEAKERS AND MUSICIANS.

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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 $63,960

Program Service Revenue $796,189

Investment Income $81

Other Revenue $96,888

TOTAL REVENUE $957,118

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $126,880

Fundraising Expenses $0

Program Expenses $693,257

Other Expenses $616,104

TOTAL EXPENSES $743,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$957,118	$761,021	+0.3%
Expenses	$743,984	$630,488	+0.2%
Net Income	$213,134	$130,533	+0.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

112

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

$44,008

Total Directors

$44,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT CARTER	PRESIDENT	8.00	Officer Director	$36,308	$7,700	$44,008
MARC ROBERTSON	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
TODD HALLIBURTON	DIRECTOR	0.50	Director	$0	$0	$0
GLENN METTS	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE ADAMS	DIRECTOR	0.50	Director	$0	$0	$0
ANTHONY KENDALL	DIRECTOR	0.50	Director	$0	$0	$0
NICHOLAS CAMPBELL	DIRECTOR	0.50	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	$957,118	$743,984	$564,771	$213,134
2023	$761,021	$630,488	$351,637	$130,533
2022	$417,298	$425,666	$223,443	$-8,368
2021	$29,041	$236,177	$230,288	$-207,136
2020	$9,878	$175,066	$436,608	$-165,188
2019	$685,727	$521,272	$601,796	$164,455
2018	$648,747	$489,903	$437,341	$158,844

HEARTS ON FIRE MINISTRIES INC