HEART MISSIONARY TRAINING INSTITUTE

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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

1995

Legal Domicile

Principal Officer

PHILLIP N MURPHY

Phone

8636381188

Tax Period

2023-01-01 to 2023-12-31

HEART MISSIONARY TRAINING INSTITUTE, founded in 1995, is a small nonprofit in the Education sector that reported $318K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $51K, a strong 16% operating margin.

Mission

HEART SEEKS TO EDUCATE, EQUIP AND EMPOWER PEOPLE WITH PRACTICAL SKILLS IN CULTURAL ADAPTATION, PROBLEM SOLVING, AND COMMUNITY DEVELOPMENT FOR THE PURPOSE OF MEETING THE NEEDS OF THE HUNGRY AND OPPRESSED WHILE SHARING THE GOOD NEWS OF GOD'S LOVE.

Program Service Accomplishments

Program 1

Expenses: $215,249

ACADEMIC PROGRAMS WERE CONDUCTED IN 2022 WHICH PROVIDED COLLEGE LEVEL TRAINING COURSES FOR INDIVIDUALS PREPARING TO BECOME MISSIONARIES OR COMMUNITY DEVELOPMENT WORKERS IN UNDERDEVELOPED REGIONS OF...

Program 2

HUNGER EDUCATION AND MISSION EDUCATION PROGRAMS WERE CONDUCTED FOR SCHOOLS AND CHURCHES. (APPROX. 20% OF OUR WORK)

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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 $234,595

Program Service Revenue $21,848

Investment Income $0

Other Revenue $61,529

TOTAL REVENUE $317,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,142

Fundraising Expenses $8,861

Program Expenses $215,249

Other Expenses $119,894

TOTAL EXPENSES $267,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$317,972	$282,267	+0.1%
Expenses	$267,036	$253,971	+0.1%
Net Income	$50,936	$28,296	+0.8%

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

150

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

$42,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILLIP N MURPHY	EXECUTIVE DI	40.00	Officer	$42,000	$0	$42,000
ALLISON FELIX	DIRECTOR	1.00	Director	$0	$0	$0
GLEN FERRELL	DIRECTOR	1.00	Director	$0	$0	$0
DUANE GOLDMAN	SECRETARY/RE	1.00	Director	$0	$0	$0
JONATHAN HOLLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
SARA KANE	DIRECTOR	1.00	Director	$0	$0	$0
KIRBY QUAM	DIRECTOR	1.00	Director	$0	$0	$0
PAUL REGAL	DIRECTOR	1.00	Director	$0	$0	$0
JIM RIGEL	VICE-CHAIR	1.00	Director	$0	$0	$0
GREG RODDEN	TREASURER	N/A	Director	$0	$0	$0
MARK SHANER	CHAIRMAN	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
2023	$317,972	$267,036	$45,832	$50,936
2022	$282,267	$253,971	$6,040	$28,296
2021	$284,176	$271,334	$13,037	$12,842
2020	$222,468	$226,538	$12,440	$-4,070
2019	$216,517	$201,635	$17,695	$14,882
2018	$294,308	$287,652	$21,866	$6,656