HEART MINISTRIES INC

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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

2010

Legal Domicile

Principal Officer

MELVIN S MASSEY JR

Phone

8045139368

Tax Period

2023-01-01 to 2023-12-31

HEART MINISTRIES INC, founded in 2010, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.0M left a modest 8% surplus.

Mission

HEART MINISTRIES, INC. FACILITATES THE TIMELY DISTRIBUTION OF EVANGELICAL AND HUMANITARIAN RESOURCES TO A LOST AND HURTING WORLD. OUR CORE VALUES EMBODIED BY THE ACRONYM HEART GUIDE OUR MISSION TO BE HUMANITARIAN, EVANGELICAL, ALTRUISTIC, RESOURCEFUL, AND TIMELY. WE PARTNER WITH MINISTRIES OFFERING SUPPORT IN EDUCATION, MEDICAL CARE, EVANGELISM, AND MORE. THROUGH PHYSICAL, FINANCIAL, AND SPIRITUAL ASSISTANCE, WE WORK TO END THE CYCLES OF POVERTY, ILLITERACY, AND HUMAN DIGNITY ABUSE WORLDWIDE.

Program Service Accomplishments

Program 1

Expenses: $950,287

A U.S. SPONSOR FOR MINISTRY PARTNERS IN MULTIPLE COUNTRIES, OUR CORE VALUESEMBODIED BY THE ACRONYM HEARTGUIDE OUR MISSION TO BE HUMANITARIAN, EVANGELICAL, ALTRUISTIC, RESOURCEFUL, AND TIMELY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,099,623

Program Service Revenue $0

Investment Income $12,224

Other Revenue $0

TOTAL REVENUE $1,111,847

Expense Breakdown

Grants Paid $950,287

Salaries & Benefits $54,704

Fundraising Expenses $0

Program Expenses $950,287

Other Expenses $20,502

TOTAL EXPENSES $1,025,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,111,847	$1,120,202	0.0%
Expenses	$1,025,493	$1,021,436	+0.0%
Net Income	$86,354	$98,766	-0.1%

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

$52,892

Total Directors

$13,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELVIN S MASSEY JR	TREASURER	40.00	Officer Director	$13,200	$0	$13,200
CHRISTINE BRANCH	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTOPHER R BURGESS	CHAIRMAN	12.00	Officer Director	$0	$0	$0
CONSTANCE COLLINS-DAVIS	DIRECTOR	2.00	Officer Director	$0	$0	$0
STEVEN G TUCK	DIRECTOR	2.00	Officer Director	$0	$0	$0
JEFFERY BATEMAN	DIRECTOR (THROUGH JUNE 2024)	2.00	Director	$0	$0	$0
C FELIX CROSS III	DIRECTOR (THROUGH JUNE 2024)	2.00	Director	$0	$0	$0
ROBERT MCGHEE	DIRECTOR (THROUGH JUNE 2024)	2.00	Director	$0	$0	$0
SARAH BATEMAN ELDER	ED (THROUGH AUGUST 2024)	40.00	Officer	$16,000	$0	$16,000
MELINDA NORRIS	EXECUTIVE DIRECTOR	40.00	Officer	$23,692	$0	$23,692

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,111,847	$1,025,493	$594,250	$86,354
2022	$1,120,202	$1,021,436	$505,362	$98,766
2021	$867,774	$723,078	$406,596	$144,696
2020	$617,766	$709,941	$261,900	$-92,175
2019	$977,525	$669,186	$354,075	$308,339
2018	$333,953	$308,821	$45,736	$25,132