One Heart Ministries Inc (EIN 342066493) - 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

2006

Legal Domicile

Principal Officer

John Ulmer

Phone

7707899013

Tax Period

2022-08-01 to 2023-07-31

One Heart Ministries Inc, founded in 2006, is a small nonprofit in the Religion sector that reported $484K in total revenue in fiscal year 2022. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $549K exceeded revenue, resulting in a 13% operating deficit.

Mission

One Heart Ministries, Inc. exists to serve people's spiritual and physical needs.

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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 (2022)

Revenue Breakdown

Contributions & Grants $274,818

Program Service Revenue $208,997

Investment Income $0

Other Revenue $311

TOTAL REVENUE $484,126

Expense Breakdown

Grants Paid $30,759

Salaries & Benefits $123,857

Fundraising Expenses $0

Program Expenses $421,795

Other Expenses $394,801

TOTAL EXPENSES $549,417

Year-over-Year Comparison

	2022	2021	Change
Revenue	$484,126	$686,629	-0.3%
Expenses	$549,417	$628,144	-0.1%
Net Income	$-65,291	$58,485	-2.1%

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

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

$78,095

Total Directors

$78,095

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sheldon Landy	Director of Ministries	60.00	Officer Director	$78,095	$0	$78,095
Veronica Brown	Director	5.00	Director	$0	$0	$0
Steve Kobel	Director	5.00	Director	$0	$0	$0
Cynthia Collins	Director	5.00	Director	$0	$0	$0
Michelle Nunnally	Director	5.00	Director	$0	$0	$0
Jamie Reagin	Director/Treasurer	15.00	Officer Director	$0	$0	$0
John Ulmer	Executive Director	10.00	Officer Director	$0	$0	$0
Justin Hudgins	Director	5.00	Director	$0	$0	$0
Ashley Espinoza	Secretary	30.00	Officer	$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
2023	$484,126	$549,417	$12,812	$-65,291
2022	$686,629	$628,144	$69,677	$58,485
2021	$392,708	$497,638	$192,646	$-104,930
2020	$391,509	$408,289	$319,764	$-16,780
2019	$434,443	$443,894	No data	$-9,451
2018	$398,984	$395,509	$2,885	$3,475

One Heart Ministries Inc