HEART OF GOD MINISTRIES INC (EIN 742956543) - 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

2000

Legal Domicile

Principal Officer

RICHARD HYDE

Phone

7726317193

Tax Period

2024-01-01 to 2024-12-31

HEART OF GOD MINISTRIES INC, founded in 2000, is a small nonprofit in the Religion sector that reported $494K in total revenue in fiscal year 2024. Expenses of $434K left a modest 12% surplus.

Mission

HEART OF GOD MINISTRIES, INC'S MISSION IS TO ENCOURAGE CHRISTIANS TO FULFI11 THEIR BIBLICAL CA11ING TOWARDS THE JEWISH PEOP1E.

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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 (2024)

Revenue Breakdown

Contributions & Grants $492,280

Program Service Revenue $0

Investment Income $1,334

Other Revenue $0

TOTAL REVENUE $493,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,732

Fundraising Expenses $21,386

Program Expenses $370,238

Other Expenses $339,662

TOTAL EXPENSES $434,394

Year-over-Year Comparison

	2024	2023	Change
Revenue	$493,614	$478,501	+0.0%
Expenses	$434,394	$330,803	+0.3%
Net Income	$59,220	$147,698	-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

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

$88,000

Total Directors

$88,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD HYDE	PRESIDENT	40.00	Officer Director	$48,000	$0	$48,000
CAROLYN HYDE	VP/SECRETARY	40.00	Officer Director	$40,000	$0	$40,000
GIANCARLO ELIA	DIRECTOR	5.00	Director	$0	$0	$0
CATHY HARGETT	DIRECTOR	5.00	Director	$0	$0	$0
JEANNE WILLIAMS	DIRECTOR	5.00	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	$493,614	$434,394	$352,911	$59,220
2023	$478,501	$330,803	$287,332	$147,698
2022	$430,891	$397,232	$144,240	$33,659
2021	$527,378	$520,961	$94,187	$6,417
2020	$299,773	$194,940	$92,952	$104,833
2019	$224,187	$321,600	$59,173	$-97,413
2018	$256,451	$270,988	$130,621	$-14,537

HEART OF GOD MINISTRIES INC