HARDEE COUNTY MINISTERIAL ASSOCIATION INC (EIN 592993242) - 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

1987

Legal Domicile

Principal Officer

DAVE HARPER

Phone

8637730034

Tax Period

2023-01-01 to 2023-12-31

HARDEE COUNTY MINISTERIAL ASSOCIATION INC, founded in 1987, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $821K, a strong 67% operating margin.

Mission

RAISING FUNDS FOR THE BENEVOLENCE OF THE LOCAL AREA.

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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 $1,189,418

Program Service Revenue $43,826

Investment Income $135

Other Revenue $979

TOTAL REVENUE $1,234,358

Expense Breakdown

Grants Paid $129,519

Salaries & Benefits $161,484

Fundraising Expenses $1,080

Program Expenses $411,993

Other Expenses $122,070

TOTAL EXPENSES $413,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,234,358	$597,233	+1.1%
Expenses	$413,073	$461,437	-0.1%
Net Income	$821,285	$135,796	+5.0%

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

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
DAVE HARPER	PRESIDENT	2.50	Officer	$0	$0	$0
SCOTT THARP	VICE PRESIDE	1.00	Officer	$0	$0	$0
CHARLES THOMPSON	SECRETARY	1.00	Officer	$0	$0	$0
SCOTT THOMAS	TREASURER	1.00	Officer	$0	$0	$0
KEN KIRK	MEMBER	1.00	Director	$0	$0	$0
WENDELL SMITH	MEMBER	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
2024	No data	No data	No data	No data
2023	$1,234,358	$413,073	$1,471,119	$821,285
2022	$597,233	$461,437	$650,736	$135,796
2021	$367,569	$333,949	$511,040	$33,620
2020	$360,617	$326,036	$481,276	$34,581
2019	$273,330	$258,931	$441,220	$14,399
2018	$172,198	$167,896	$426,198	$4,302

HARDEE COUNTY MINISTERIAL ASSOCIATION INC