HEART FOR AFRICA INC

EIN: 364509500 501(c)(3) Religion

ROSWELL, GA

Total Revenue
$5,029,192
Total Expenses
$4,582,399
Total Assets
$2,015,491
Net Assets
$1,689,743
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
GA
Principal Officer
IAN MAXWELL
Phone
6785661589
Tax Period
2023-01-01 to 2023-12-31

HEART FOR AFRICA INC, founded in 2002, is a community nonprofit in the Religion sector that reported $5.0M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $4.6M left a modest 9% surplus.

Mission

THE ORGANIZATION SEEKS TO SERVE AFRICA IN THE AREAS OF HUNGER, ORPHANS, POVERTY, AND EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,369,723
Program Service Revenue $159,688
Investment Income $8,512
Other Revenue $-508,731
TOTAL REVENUE $5,029,192

Expense Breakdown

Grants Paid $2,785,236
Salaries & Benefits $1,183,946
Fundraising Expenses $293,303
Program Expenses $3,825,589
Other Expenses $613,217
TOTAL EXPENSES $4,582,399

Year-over-Year Comparison

2023 2022 Change
Revenue $5,029,192 $3,543,032 +0.4%
Expenses $4,582,399 $3,894,127 +0.2%
Net Income $446,793 $-351,095 -2.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
12
Employees
17
Volunteers
55

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
8
$570,812
Total Directors
14
$279,446
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BRYANT EXECUTIVE DIRECTOR 40.00
Officer
$146,055 $13,406 $159,461
IAN MAXWELL CEO/CO-FOUNDER 40.00
Officer Director
$144,327 $0 $144,327
JANINE MAXWELL VICE PRESIDENT/CO-FOUNDER 40.00
Officer Director
$135,119 $0 $135,119
JOHN MCCARTHY DIRECTOR OF FINANCE 40.00
Officer
$120,750 $11,155 $131,905
JAMES ALAN HILL MEMBER 1.00
Director
$0 $0 $0
ROBERT HOLMES MEMBER 1.00
Director
$0 $0 $0
TED WATSON MEMBER 1.00
Director
$0 $0 $0
MORGAN KOKARAM MEMBER 1.00
Director
$0 $0 $0
LA'KERRI JACKSON MEMBER 1.00
Director
$0 $0 $0
KRISTI MORRILL MEMBER 1.00
Director
$0 $0 $0
DOUG LIPTAK MEMBER 1.00
Director
$0 $0 $0
MELVA TATE MEMBER 1.00
Director
$0 $0 $0
KRISTEN JOHNS SECRETARY 1.00
Officer Director
$0 $0 $0
JILL WOOD-WOLFF TREASURER 1.00
Officer Director
$0 $0 $0
SANDRA GREEN VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
CHRIS WINKLE CHAIRMAN 1.00
Officer 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 $5,029,192 $4,582,399 $2,015,491 $446,793
2022 $3,543,032 $3,894,127 $1,698,683 $-351,095
2021 $4,060,144 $3,627,497 $1,675,421 $432,647
2020 $3,212,640 $3,029,143 $1,218,406 $183,497
2019 $3,210,581 $2,852,423 $1,049,084 $358,158
2018 $2,765,957 $2,877,218 $663,442 $-111,261
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