HEALING HEARTS WORSHIP CENTER

EIN: 300541923 501(c)(3) Religion

UPPER MARLBORO, MD

Total Revenue
$289,760
Total Expenses
$99,415
Total Assets
$116,243
Net Assets
$116,243
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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
MD
Principal Officer
SHERITA EDWARDS
Phone
2406199346
Tax Period
2022-01-01 to 2022-12-31

HEALING HEARTS WORSHIP CENTER, founded in 2010, is a small nonprofit in the Religion sector that reported $290K in total revenue in fiscal year 2022. The organization ran a surplus of $190K, a strong 66% operating margin.

Mission

TO EMPOWER INDIVIDUALS IN A RELIGIOUS ENVIRONMENT THROUGH OPEN WORSHIP COMMUNITY OUTREACH PROGRAMS AND MENTAL HEALTH AWARENESS AND JOB AND LIFE SKILLS

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $289,760
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $289,760

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $74,100
Other Expenses $99,415
TOTAL EXPENSES $99,415

Year-over-Year Comparison

2022 2021 Change
Revenue $289,760 N/A N/A
Expenses $99,415 N/A N/A
Net Income $190,345 N/A N/A
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERITA EDWARDS 35 N/A
Director
$0 $0 $0
VALARIE WADDY TREASURER 015.00
Director
$0 $0 $0
ALONTE EDWARDS PROGRAM DIRECTOR 010.00
$0 $0 $0
DOROTHEA MAYFIELD PROGRAM DIRECTOR 005.00
$0 $0 $0
TRACY YOUMANS PROGRAM DIRECTOR 010.00
$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
2022 $289,760 $99,415 $116,243 $190,345
2021 $343,844 $190,143 $122,041 $153,701
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