Heart of Hope Ministries (EIN 270650299) - Form 990 Financial Analysis & Trantor Score

🔒

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

2009

Legal Domicile

Principal Officer

Lynda J Sargent

Phone

3094284752

Tax Period

2023-01-01 to 2023-12-31

Heart of Hope Ministries, founded in 2009, is a small nonprofit in the Human Services sector that reported $734K in total revenue in fiscal year 2023. Revenue surged 155% from the prior year, signaling strong growth momentum.

Mission

Heart of Hope Ministries Mission is spread by the community programs it offers to the needing public in the Quad City area consisting of the following: Food pantry, charitable outreach, and ministry.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $732,174

Program Service Revenue $1,935

Investment Income $110

Other Revenue $0

TOTAL REVENUE $734,219

Expense Breakdown

Grants Paid $499,876

Salaries & Benefits $122,253

Fundraising Expenses $35,672

Program Expenses $621,622

Other Expenses $96,074

TOTAL EXPENSES $718,203

Year-over-Year Comparison

	2023	2022	Change
Revenue	$734,219	$288,441	+1.5%
Expenses	$718,203	$151,088	+3.8%
Net Income	$16,016	$137,353	-0.9%

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

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

$15,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Linda Sargent	President/CEO	40.00	Officer	$15,600	$0	$15,600
Meecheeca McNeal	Board Chair	2.00	Officer Director	$0	$0	$0
Rosalind Burns	Secretary	1.00	Officer Director	$0	$0	$0
Sue Kaiser Fritz	Treasurer	1.00	Officer Director	$0	$0	$0
Bob Hotle	Board Member	1.00	Director	$0	$0	$0
Michael Bryant	Board Member	1.00	Director	$0	$0	$0
Neil Early	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
2024	No data	No data	No data	No data
2023	$734,219	$718,203	$515,091	$16,016
2022	$288,441	$151,088	$502,332	$137,353
2021	$133,799	$110,320	$367,917	$23,479

Heart of Hope Ministries