Heart Ministries Inc (EIN 480794854) - 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

1969

Legal Domicile

Phone

6204636112

Tax Period

2025-01-01 to 2025-12-31

Heart Ministries Inc, founded in 1969, is a small nonprofit in the Education sector that reported $898K in total revenue in fiscal year 2025.

Mission

To provide a loving, Christian home environment for troubled girls so that they can devlop socially and emotionally while getting an excellent 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $897,305

Program Service Revenue $0

Investment Income $0

Other Revenue $250

TOTAL REVENUE $897,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $633,055

Fundraising Expenses $32,620

Program Expenses $839,588

Other Expenses $239,153

TOTAL EXPENSES $872,208

Year-over-Year Comparison

	2025	2024	Change
Revenue	$897,555	N/A	N/A
Expenses	$872,208	N/A	N/A
Net Income	$25,347	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bill Cowell	Administrator	40.00	Director Key Emp	$0	$0	$0
Carole Cowell	Administrative assistant	40.00	Director	$0	$0	$0
Bob Friesen	president	0.00	Officer Director	$0	$0	$0
Becky Goering	secretary	0.00	Officer Director	$0	$0	$0
Jessica Kerzmer	N/A	0.00	Director	$0	$0	$0
Gordon Goering	N/A	0.00	Director	$0	$0	$0
Rev John Williams	N/A	0.00	Director	$0	$0	$0
Larry Chapman	N/A	0.00	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	$897,555	$872,208	$1,601,711	$25,347
2024	$846,643	$872,938	$1,628,004	$-26,295
2023	$888,691	$915,943	$1,594,266	$-27,252
2022	$974,183	$962,528	$1,603,079	$11,655
2021	$857,889	$772,806	$1,619,429	$85,083
2020	$636,292	$657,136	$1,610,567	$-20,844
2019	$793,547	$822,346	$1,598,849	$-28,799
2018	$754,780	$799,493	$1,584,806	$-44,713

Heart Ministries Inc