GATHERING HEARTS FOR HONDURAS (EIN 352343264) - 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

2007

Legal Domicile

Principal Officer

GARY KUNEY

Phone

9182512715

Tax Period

2024-01-01 to 2024-12-31

GATHERING HEARTS FOR HONDURAS, founded in 2007, is a small nonprofit in the International Affairs sector that reported $309K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Net assets of $990K represent 38 months of operating reserves.

Mission

TO PRESENT THE GOSPEL OF JESUS CHRIST TO AS MANY PEOPLE AS POSSIBLE. AS A VEHICLE FOR PRESENTATION WE OFFER HEALTHCARE, BASIC DAILY PROVISIONS, AND CLASSES DESIGNED TO TEACH MARKETABLE SKILLS, WHERE ATTENDING DAILY BIBLE STUDY IS A REQUIREMENT.

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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 $272,568

Program Service Revenue $36,351

Investment Income $69

Other Revenue $479

TOTAL REVENUE $309,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,954

Fundraising Expenses $3,151

Program Expenses $301,522

Other Expenses $158,898

TOTAL EXPENSES $331,852

Year-over-Year Comparison

	2024	2023	Change
Revenue	$309,467	$241,337	+0.3%
Expenses	$331,852	$277,448	+0.2%
Net Income	$-22,385	$-36,111	-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

100

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

$42,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY KUNEY	PRESIDENT	60.00	Officer	$42,000	$0	$42,000
MIKE FELLMAN	BOARD MEMBER	0.00	Director	$0	$0	$0
DOUG JOHNSON	BOARD MEMBER	0.00	Director	$0	$0	$0
LISA JOHNSON	BOARD MEMBER	0.00	Director	$0	$0	$0
TOM HAGEN	BOARD MEMBER	0.00	Director	$0	$0	$0
JANET HAGEN	BOARD MEMBER	0.00	Director	$0	$0	$0
WENDY MCCONNELL	BOARD MEMBER	0.00	Director	$0	$0	$0
MARCUS D GARRETT	BOARD MEMBER	0.00	Director	$0	$0	$0
ROBERT SUTTON	BOARD MEMBER	0.00	Director	$0	$0	$0
PAULA SUTTON	BOARD MEMBER	0.00	Director	$0	$0	$0
CHERYL KUNEY	VICE PRESIDENT	60.00	Officer	$0	$0	$0
JANICE FELLMAN	SECRETARY	10.00	Officer	$0	$0	$0
DONNA GARRETT	TREASURER	10.00	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
2024	$309,467	$331,852	$995,971	$-22,385
2023	$241,337	$277,448	$513,436	$-36,111
2022	$229,846	$251,245	$584,631	$-21,399
2021	$267,428	$216,626	$606,435	$50,802
2020	$243,454	$187,082	$568,278	$56,372
2019	$327,895	$256,997	$517,230	$70,898

GATHERING HEARTS FOR HONDURAS