HALLETT MINISTRIES INC HALLETT (EIN 650369992) - 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

1992

Legal Domicile

Principal Officer

ARTHUR HALLETT

Phone

9419570341

Tax Period

2022-01-01 to 2022-12-31

HALLETT MINISTRIES INC HALLETT, founded in 1992, is a small nonprofit in the Religion sector that reported $144K in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $195K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO HELP PRISON INMATES AND THEIR FAMILIES THROUGH DEVELOPMENT OF THEIR SPIRITUAL, EMOTIONAL & MENTAL ATTITUDES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $110,422

Program Service Revenue $33,807

Investment Income $25

Other Revenue $0

TOTAL REVENUE $144,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,332

Fundraising Expenses $27,307

Program Expenses $136,037

Other Expenses $175,389

TOTAL EXPENSES $194,721

Year-over-Year Comparison

	2022	2021	Change
Revenue	$144,254	$193,385	-0.3%
Expenses	$194,721	$134,033	+0.5%
Net Income	$-50,467	$59,352	-1.9%

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
VICTORIA BOND	DIRECTOR	N/A	Director	$0	$0	$0
GINA BURNS	DIRECTOR	N/A	Director	$0	$0	$0
ARTHUR HALLETT	DIRECTOR	N/A	Officer Director	$0	$0	$0
JILL HALLETT	DIRECTOR	N/A	Director	$0	$0	$0
TERRI RITTER	DIRECTOR	N/A	Director	$0	$0	$0
TREV RITTER	DIRECTOR	N/A	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
2022	$144,254	$194,721	$21,083	$-50,467
2021	$193,385	$134,033	$71,540	$59,352

HALLETT MINISTRIES INC HALLETT