A Heart for Korah Inc (EIN 800910753) - 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

2013

Legal Domicile

Principal Officer

MONTE ALEXANDER

Phone

3173853257

Tax Period

2022-01-01 to 2022-12-31

A Heart for Korah Inc, founded in 2013, is a small nonprofit that reported $200K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Expenses of $224K exceeded revenue, resulting in a 12% operating deficit.

Mission

DEMONSTRATE THE LOVE OF JESUS TO PEOPLE OF ETHIOPIA, PRIMARILY KORAH, THROUGH OUTREACH BY FAMILY SPONSORSHIP (FOOD, STAPLES, CHRISTIAN EDUCATION, INCOME GENERATION, AND DISASTER ASSISTANCE).

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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 $200,600

Program Service Revenue $0

Investment Income $0

Other Revenue $-602

TOTAL REVENUE $199,998

Expense Breakdown

Grants Paid $213,459

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $213,459

Other Expenses $10,087

TOTAL EXPENSES $223,546

Year-over-Year Comparison

	2022	2021	Change
Revenue	$199,998	$233,006	-0.1%
Expenses	$223,546	$202,408	+0.1%
Net Income	$-23,548	$30,598	-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

N/A

Volunteers

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
JARED SMITH	Member at Large	1.00	Director	$0	$0	$0
SALLIE SMITH	Member at Large	1.00	Director	$0	$0	$0
CORI SULLIVAN	Member at Large	1.00	Director	$0	$0	$0
MONTE ALEXANDER	President	5.00	Officer	$0	$0	$0
TISHA ALEXANDER	Treasurer	35.00	Officer	$0	$0	$0
DOUG HUBBARD	Former Member	0.00		$0	$0	$0
SHEILA HUBBARD	FORMER MEMBER	0.00		$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
2022	$199,998	$223,546	$94,386	$-23,548
2021	$233,006	$202,408	$117,934	$30,598
2019	$210,857	$225,038	$97,185	$-14,181
2018	$239,882	$214,568	$111,497	$25,314

A Heart for Korah Inc