OPEN HEARTS MINISTRIES

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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

2015

Legal Domicile

Principal Officer

RAY HENLEY

Phone

8706659297

Tax Period

2023-01-01 to 2023-12-31

OPEN HEARTS MINISTRIES, founded in 2015, is a small nonprofit in the International Affairs sector that reported $378K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $419K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDING CHRISTIAN MISSIONARY SERVICES TO UNDERPRIVELEGED CHILDREN IN RURAL PARTS OF NICARAGUA, KENYA, INDIA AND PAKISTAN.

Program Service Accomplishments

Program 1

Expenses: $411,460

PROVIDING MISSIONARY SERVICES TO UNDERPRIVELEGED CHILDREN IN RURAL NICARAGUA, INDIA AND PAKISTAN.

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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 $369,313

Program Service Revenue $0

Investment Income $1

Other Revenue $8,635

TOTAL REVENUE $377,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,616

Program Expenses $411,460

Other Expenses $419,274

TOTAL EXPENSES $419,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$377,949	$319,618	+0.2%
Expenses	$419,274	$350,107	+0.2%
Net Income	$-41,325	$-30,489	+0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY HENLEY	PRESIDENT	10.00	Officer Director	$0	$0	$0
CHARLES BROWN	DIRECTOR	2.00	Director	$0	$0	$0
DEAN LACKEY	DIRECTOR	2.00	Director	$0	$0	$0
BILL TOMPKINS	DIRECTOR	2.00	Director	$0	$0	$0
JASON REED	DIRECTOR	2.00	Director	$0	$0	$0
COURTNEY WOODY	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
STEVE ROGERS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN LEHMAN	DIRECTOR	2.00	Director	$0	$0	$0
ROY FRAZIER	DIRECTOR	2.00	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	$377,949	$419,274	$16,505	$-41,325
2022	$319,618	$350,107	$57,830	$-30,489
2021	$319,950	$309,749	$88,319	$10,201
2020	$325,807	$272,465	$78,118	$53,342
2019	$354,860	$370,400	$24,776	$-15,540
2018	$292,509	$308,138	$40,316	$-15,629