ONE HEART BEAT INC (EIN 271006148) - 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

BRAD JACKSON

Phone

2292246637

Tax Period

2024-01-01 to 2024-12-31

ONE HEART BEAT INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $157K in total revenue in fiscal year 2024.

Mission

UNITING BELIEVERS AND TRANSFORMING LIVES THROUGH CHRISTIAN ACTIVITIES. TO CULTIVATE UNITY AMONG BELIEVERS, STIR UP PASSION FOR THE NAME AND PURPOSE OF GOD, AND PROMOTE UNDERSTANDING OF WHAT MAKES US CHRISTIANS.

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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 $156,857

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $156,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,715

Fundraising Expenses $0

Program Expenses $130,947

Other Expenses $102,837

TOTAL EXPENSES $157,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$156,857	$149,166	+0.1%
Expenses	$157,552	$148,202	+0.1%
Net Income	$-695	$964	-1.7%

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

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

$50,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE GRIMSLEY	BOARD PRESIDENT	5.00	Officer Director	$0	$0	$0
DENNY BLAKE	BOARD VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
BRAD JACKSON	BOARD TREASURER	0.00	Officer Director	$0	$0	$0
JAMIE NUNNALLY	BOARD SECRETARY	0.00	Officer Director	$0	$0	$0
ADRIAN BURNS	BOARD MEMBER	0.00	Director	$0	$0	$0
RICKY MONROE	BOARD MEMBER	0.00	Director	$0	$0	$0
DOUG SILVIS	BOARD ATTORNEY	0.00	Director	$0	$0	$0
BRYAN WATT	CO-FOUNDER & EXECUTIVE DIR	15.00	Director	$50,000	$0	$50,000
MELVIN HUGANS	BOARD MEMBER	0.00	Director	$0	$0	$0
DONDELL GREEN	BOARD MEMBER	0.00	Director	$0	$0	$0
CYNTHIA BRYAN	BOARD MEMBER	0.00	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	$156,857	$157,552	$14,055	$-695
2023	$149,166	$148,202	$14,693	$964
2022	$153,150	$184,556	$8,928	$-31,406
2021	$159,123	$162,436	$40,295	$-3,313
2020	$153,975	$147,488	$46,581	$6,487
2019	$124,739	$107,328	$37,121	$17,411
2018	$134,227	$151,256	$22,892	$-17,029

ONE HEART BEAT INC