HEART MINISTRIES INC

EIN: 273090782 501(c)(3) Human Services

WEST POINT, VA

Total Revenue
$1,111,847
Total Expenses
$1,025,493
Total Assets
$594,250
Net Assets
$594,250
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
VA
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 small nonprofit in the Human Services sector that reported $334K in total revenue in fiscal year 2018. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $309K left a modest 8% surplus.

Mission

OUR IDENTITY CENTERS ON FACILITATING THE TIMELY DISTRIBUTION OF EVANGELICAL AND HUMANITARIAN RESOURCES, EMPOWERING MISSIONARIES, SCHOOLS, CLINICS, AND OTHER MINISTRIES, ALL WITH THE AIM OF BREAKING THE CYCLES OF POVERTY, ILLITERACY, AND HUMAN DIGNITY ABUSE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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

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Governance

Voting Members
5
Independent Members
4
Employees
1
Volunteers
8

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
7
$52,892
Total Directors
8
$13,200
Key Employees
0
$0
Highest Compensated
0
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
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