HEARTBOUND MINISTRIES INC (EIN 371474501) - 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

2003

Legal Domicile

Principal Officer

ANDREA SHELTON

Phone

4048224224

Tax Period

2025-01-01 to 2025-12-31

HEARTBOUND MINISTRIES INC, founded in 2003, is a small nonprofit in the Crime & Legal sector that reported $890K in total revenue in fiscal year 2025. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $340K, a strong 38% operating margin.

Mission

HEARTBOUND MINISTRIES BREAKS GENERATIONAL CYCLES OF CRIME AND INCARCERATION BY PROVIDING PURPOSEFUL PROGRAMMING TO THE PRISON COMMUNITY SO THAT INCARCERATED PEOPLE RETURN TO THEIR FAMILIES AND COMMUNITIES AS TRANSFORMED INDIVIDUALS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $830,608

Program Service Revenue $4,700

Investment Income $24,296

Other Revenue $30,393

TOTAL REVENUE $889,997

Expense Breakdown

Grants Paid $0

Salaries & Benefits $211,060

Fundraising Expenses $3,024

Program Expenses $486,933

Other Expenses $338,884

TOTAL EXPENSES $549,944

Year-over-Year Comparison

	2025	2024	Change
Revenue	$889,997	$568,287	+0.6%
Expenses	$549,944	$484,991	+0.1%
Net Income	$340,053	$83,296	+3.1%

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

125

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

$40,000

Total Directors

$40,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA SHELTON	EXECUTIVE DIRECTOR	40.00	Officer Director	$40,000	$0	$40,000
ROBIN BOGGS	DIRECTOR	1.00	Director	$0	$0	$0
AMY DURHAM	DIRECTOR	1.00	Director	$0	$0	$0
MATT CROWE	DIRECTOR	1.00	Director	$0	$0	$0
MATT RENDLE	FINANCE CHAIR	1.00	Director	$0	$0	$0
LUCY FUGATE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PETERSON	NOMINATIONS CHAIR	1.00	Director	$0	$0	$0
DARCY HARPER	DIRECTOR	1.00	Director	$0	$0	$0
TOM HOOVER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT H JACKSON JR	DIRECTOR	1.00	Director	$0	$0	$0
NORAH WHITE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
LARA WOODS	DIRECTOR	1.00	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
2025	$889,997	$549,944	$1,148,357	$340,053
2024	$568,287	$484,991	$803,746	$83,296
2024	$568,287	$484,991	$803,746	$83,296
2023	$566,813	$439,448	$712,457	$127,365
2022	$394,602	$338,327	$585,092	$56,275
2021	$402,089	$288,183	$528,819	$113,906
2020	$381,907	$298,651	$414,912	$83,256

HEARTBOUND MINISTRIES INC