PUREHEART MINISTRIES (EIN 352301447) - 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

2020

Legal Domicile

Principal Officer

TIMOTHY DAVIS

Tax Period

2024-01-01 to 2024-12-31

PUREHEART MINISTRIES, founded in 2020, is a small nonprofit in the Mental Health sector that reported $294K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $284K left a modest 3% surplus.

Mission

COUNSELING

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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 (2024)

Revenue Breakdown

Contributions & Grants $131,222

Program Service Revenue $155,000

Investment Income $-240

Other Revenue $7,548

TOTAL REVENUE $293,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,541

Fundraising Expenses $0

Program Expenses $35,360

Other Expenses $85,036

TOTAL EXPENSES $283,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$293,530	$252,667	+0.2%
Expenses	$283,577	$241,599	+0.2%
Net Income	$9,953	$11,068	-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

N/A

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

$98,700

Total Directors

$98,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY DAVIS	DIRECTOR	40.00	Officer Director	$98,700	$0	$98,700
TONY JENKINS	BOARD MEMBER	N/A	Officer	$0	$0	$0
JIM VARGAS	BOARD MEMBER	N/A	Officer	$0	$0	$0
LAWRENCE SMITH	BOARD MEMBER	N/A	Officer	$0	$0	$0
MIKE OWEN	TREASURER	N/A	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
2024	$293,530	$283,577	$19,178	$9,953
2023	$252,667	$241,599	$30,811	$11,068
2023	$252,667	$241,599	$30,811	$11,068
2022	$254,362	$274,105	$19,743	$-19,743
2022	$254,362	$274,105	$19,743	$-19,743
2022	$254,362	$274,105	$19,743	$-19,743
2021	$217,579	$215,353	$19,743	$2,226

PUREHEART MINISTRIES