Herald of Truth Ministries Inc (EIN 752255925) - 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

1995

Legal Domicile

Phone

3256984370

Tax Period

2024-01-01 to 2024-12-31

Herald of Truth Ministries Inc, founded in 1995, is a small nonprofit that reported $863K in total revenue in fiscal year 2024. Expenses of $999K exceeded revenue, resulting in a 16% operating deficit.

Mission

Evangelism - To allow every person on earth multiple opportunities to hear, see and experience the gospel of Jesus Christ, in their native language every nation every moment every day.

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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 $603,874

Program Service Revenue $0

Investment Income $67,710

Other Revenue $191,527

TOTAL REVENUE $863,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $585,163

Fundraising Expenses $262,805

Program Expenses $383,075

Other Expenses $413,629

TOTAL EXPENSES $998,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$863,111	$806,355	+0.1%
Expenses	$998,792	$1,330,392	-0.2%
Net Income	$-135,681	$-524,037	-0.7%

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
Jim Creech	Director	1.00	Director	$0	$0	$0
Bob Carris	Director	1.00	Director	$0	$0	$0
Faires Austin	Director	1.00	Director	$0	$0	$0
Doug Edwards	Director	1.00	Director	$0	$0	$0
Lynn Watson	Chairman	1.00	Officer Director	$0	$0	$0
Wes Cunningham	Director	1.00	Director	$0	$0	$0
Donald Eason	Director	1.00	Director	$0	$0	$0
Rosemary Snodgrass	Director	1.00	Director	$0	$0	$0
Autumn Richardson	Director	1.00	Director	$0	$0	$0
Andy Starck	Director	1.00	Director	$0	$0	$0
Diego Rojas	Director	1.00	Director	$0	$0	$0
Rick Elam	Vice Chairman	1.00	Officer 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	$863,111	$998,792	$1,234,486	$-135,681
2023	$806,355	$1,330,392	$1,289,531	$-524,037
2022	$836,954	$1,244,414	$1,624,168	$-407,460
2021	$683,683	$1,180,142	$2,527,088	$-496,459
2020	$780,912	$949,811	$2,698,748	$-168,899

Herald of Truth Ministries Inc