Changing Hearts Boarding School and Ministry (EIN 455559729) - 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

2012

Legal Domicile

Principal Officer

Debbie West

Phone

8282731380

Tax Period

2023-01-01 to 2023-12-31

Changing Hearts Boarding School and Ministry, founded in 2012, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $232K, a strong 21% operating margin.

Mission

The organization is a boarding school to assist troubled teen females adapt to adoptive homes from a Christian perspective.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,087,301

Investment Income $0

Other Revenue $500

TOTAL REVENUE $1,087,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $399,193

Fundraising Expenses $0

Program Expenses $788,842

Other Expenses $456,501

TOTAL EXPENSES $855,694

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,087,801	$828,600	+0.3%
Expenses	$855,694	$836,295	+0.0%
Net Income	$232,107	$-7,695	-31.2%

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

$66,000

Total Directors

$66,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debbie West	Executive director	50.00	Officer Director	$66,000	$0	$66,000
Josh Mimken	Board member	2.00	Director	$0	$0	$0
Dedy Milner	Board member	2.00	Director	$0	$0	$0
Christa Woodlief	Board member	2.00	Director	$0	$0	$0
Jake Minick	Board member	2.00	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
2024	No data	No data	No data	No data
2023	$1,087,801	$855,694	$352,953	$232,107
2022	$828,600	$836,295	$96,513	$-7,695
2021	$539,600	$527,484	$23,458	$12,116
2020	$474,198	$476,309	$11,334	$-2,111
2019	$447,423	$441,189	$13,454	$6,234
2018	$425,400	$425,855	$6,934	$-455

Changing Hearts Boarding School and Ministry