Heart of David Ministries

EIN: 640886494 501(c)(3) Religion

Clinton, MS

Total Revenue
$8,428
Total Expenses
$18,647
Total Assets
$313
Net Assets
$-12,502
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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
1997
Legal Domicile
MS
Principal Officer
Ted DiBiase
Phone
6019244871
Tax Period
2021-01-01 to 2021-12-31

Heart of David Ministries, founded in 1997, is a micro nonprofit in the Religion sector that reported $8K in total revenue in fiscal year 2021. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $19K exceeded revenue, resulting in a 121% operating deficit.

Mission

Religious Education & Training

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $6,088
Program Service Revenue $2,000
Investment Income $0
Other Revenue $340
TOTAL REVENUE $8,428

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $16,213
Other Expenses $18,647
TOTAL EXPENSES $18,647

Year-over-Year Comparison

2021 2020 Change
Revenue $8,428 $51,043 -0.8%
Expenses $18,647 $75,235 -0.8%
Net Income $-10,219 $-24,192 -0.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
1
$0
Total Directors
2
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven Smith Trasurer 2.00
Director
$0 $0 $0
Ben Craddock Director 2.00
Director
$0 $0 $0
Ted Dibiase Executive Director 40.00
Officer Key Emp
$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
2021 $8,428 $18,647 $313 $-10,219
2020 $51,043 $75,235 $2,264 $-24,192
2019 $634,683 $630,637 $90,370 $4,046
2018 $942,249 $910,066 $258,700 $32,183
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