HEART OF GOD MINISTRIES INC

EIN: 742956543 501(c)(3) Religion

STUART, FL

Total Revenue
$493,614
Total Expenses
$434,394
Total Assets
$352,911
Net Assets
$340,553
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
TX
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.

Program Service Accomplishments

Program 1
Expenses: $332,094

WORSHIP IS TO ENCOURAGE CHRISTIANS TO FULFI11 THEIR BIBLICAL CA11ING TOWARDS THE JEWISH PEOP1E THROUGH WORSHIP VIDEOS AND MUSIC.

Program 2
Expenses: $38,144

OUTREACH IS TO ENCOURAGE CHRISTIANS TO FULFI11 THEIR BIBLICAL CA11ING TOWARDS THE JEWISH PEOP1E THROUGH ENGAGEMENT WITH THE COMMUNITY.

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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 (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

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Governance

Voting Members
5
Independent Members
5
Employees
2
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
2
$88,000
Total Directors
5
$88,000
Key Employees
0
$0
Highest Compensated
0
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
2025 No data No data No data No data
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
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