HEARTLIGHT MINISTRIES INC (EIN 742515711) - 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

1988

Legal Domicile

Principal Officer

MARK GREGSTON

Phone

9036682173

Tax Period

2023-09-01 to 2024-08-31

HEARTLIGHT MINISTRIES INC, founded in 1988, is a community nonprofit in the Human Services sector that reported $4.8M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

RESIDENTIAL ADOLESCENT CHILD CARE, FAMILY, INDIVIDUAL AND GROUP COUNSELING IN A DAILY RELATIONSHIP ENVIROMENT.

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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 $85,409

Program Service Revenue $4,685,803

Investment Income $142

Other Revenue $0

TOTAL REVENUE $4,771,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,389,460

Fundraising Expenses $0

Program Expenses $3,485,354

Other Expenses $2,416,643

TOTAL EXPENSES $4,806,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,771,354	$4,417,605	+0.1%
Expenses	$4,806,103	$4,375,906	+0.1%
Net Income	$-34,749	$41,699	-1.8%

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

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

$66,667

Total Directors

$155,321

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN GREGSTON	DIRECTOR	40.00	Director	$88,654	$0	$88,654
MARK GREGSTON	EXECUTIVE DIRECTOR	40.00	Officer Director	$66,667	$0	$66,667
MIKE BARRY	DIRECTOR	0.00	Director	$0	$0	$0
CAROL BARRY	DIRECTOR	0.00	Director	$0	$0	$0
ANDY DEER	DIRECTOR	0.00	Director	$0	$0	$0
LISA DEER	DIRECTOR	0.00	Director	$0	$0	$0
BRIAN TANNER	DIRECTOR	0.00	Director	$0	$0	$0
DAWN TANNER	DIRECTOR	0.00	Director	$0	$0	$0
MEAGAN PYLE	CHAIRMAN	0.00	Director	$0	$0	$0
JONATHAN PYLE	DIRECTOR	0.00	Director	$0	$0	$0
BLAKE NELSON	FORMER DIRECTOR	40.00	Highest	$152,842	$0	$152,842
MELISSA NELSON	FORMER DIRECTOR	40.00	Highest	$127,161	$0	$127,161

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	$4,771,354	$4,806,103	$1,305,566	$-34,749
2023	$4,417,605	$4,375,906	$1,503,544	$41,699
2022	$4,619,196	$4,600,596	$1,462,706	$18,600
2021	$5,164,499	$4,510,589	$1,606,269	$653,910
2020	$4,269,887	$4,309,191	$1,374,192	$-39,304
2019	$3,910,557	$4,018,108	$1,279,618	$-107,551
2018	$4,048,113	$3,987,491	$1,256,869	$60,622

HEARTLIGHT MINISTRIES INC