HeartPointe Church Inc (EIN 465368983) - 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

2014

Legal Domicile

Principal Officer

Mahlon S Carlock

Phone

3178325906

Tax Period

2024-01-01 to 2024-12-31

HeartPointe Church Inc, founded in 2014, is a small nonprofit that reported $287K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $349K exceeded revenue, resulting in a 21% operating deficit.

Mission

Share message of Jesus Christ, prayer and helping others

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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 $149,187

Program Service Revenue $138,263

Investment Income $0

Other Revenue $0

TOTAL REVENUE $287,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $232,156

Fundraising Expenses $0

Program Expenses $349,098

Other Expenses $116,942

TOTAL EXPENSES $349,098

Year-over-Year Comparison

	2024	2023	Change
Revenue	$287,450	$322,562	-0.1%
Expenses	$349,098	$347,507	+0.0%
Net Income	$-61,648	$-24,945	+1.5%

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

$58,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mahlon S Carlock	Lead Pastor	55	Officer	$12,000	$12,000	$24,000
Keith Rinkenberg	Associate Pastor	35	Officer	$11,400	$11,400	$22,800
Gene Fairchok	Pastor of Counseling	20	Officer	$5,700	$5,700	$11,400
Alan Arthur	Independent	0	Director	$0	$0	$0
Marc Catron	Independent	0	Director	$0	$0	$0
Ken Speck	Independent	0	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	$287,450	$349,098	$251,407	$-61,648
2023	$322,562	$347,507	$490,742	$-24,945
2021	$434,321	$257,922	$403,519	$176,399
2020	$222,013	$203,561	$240,137	$18,452
2019	$221,271	$201,022	$224,391	$20,249

HeartPointe Church Inc