HARVESTERS MINISTRIES (EIN 813261157) - 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

2016

Legal Domicile

Principal Officer

DAVID WITMER

Phone

9803282055

Tax Period

2024-07-01 to 2025-06-30

HARVESTERS MINISTRIES, founded in 2016, is a community nonprofit in the Religion sector that reported $5.1M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $4.5M left a modest 11% surplus.

Mission

HARVESTERS MINISTRIES IS A GLOBAL CHURCH PLANTING MINISTRY, WHOSE MISSION IS TO OPEN THE WAY FOR THE WORLD TO KNOW JESUS WITH A VISION TO PLANT 1 MILLION CHURCHES THROUGH EVANGELISM AND BE DISCIPLING 100 MILLION BELIEVERS BY 2030, AND TO HAVE TRAINED 1 MILLION NEW PASTORS BY 2033.

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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 $5,061,763

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,061,763

Expense Breakdown

Grants Paid $1,746,492

Salaries & Benefits $767,780

Fundraising Expenses $511,434

Program Expenses $3,833,185

Other Expenses $2,004,085

TOTAL EXPENSES $4,518,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,061,763	$3,897,378	+0.3%
Expenses	$4,518,357	$3,510,722	+0.3%
Net Income	$543,406	$386,656	+0.4%

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

$145,636

Total Directors

$145,636

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN LOOTS	CEO, FOUNDER, BOARD CHAIR	40.00	Officer Director	$54,181	$0	$54,181
DAVID WITMER	V.P. OF ADMINISTRATION,/ B	40.00	Officer Director	$91,455	$0	$91,455
TIMOTHY BREEDLOVE	BOARD MEMBER	0.25	Director	$0	$0	$0
WALTER DUNN	BOARD MEMBER	0.25	Director	$0	$0	$0
BRUCE WITT	BOARD MEMBER	0.25	Director	$0	$0	$0
KEN BEATTIE	BOARD MEMBER	0.25	Director	$0	$0	$0
JEFFREY MOUNT	BOARD MEMBER	0.25	Director	$0	$0	$0
MARCEL LOOTS	BOARD MEMBER	0.25	Director	$0	$0	$0
CLAUDE PHILIPS	BOARD MEMBER	0.25	Director	$0	$0	$0
FRANCOIS RAUCH	BOARD MEMBER	0.25	Director	$0	$0	$0
KEVIN SHEEL	BOARD MEMBER	0.25	Director	$0	$0	$0
MARINA STANTON	BOARD MEMBER	0.25	Director	$0	$0	$0
HANNALIE LOOTS	V.P. OF COMPLIANCE, BOARD	0.50	Officer	$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	$5,061,763	$4,518,357	$1,352,828	$543,406
2024	$3,897,378	$3,510,722	$807,414	$386,656
2023	$3,308,173	$3,478,078	$429,912	$-169,905
2022	$2,494,333	$2,315,890	$645,671	$178,443
2021	$1,808,001	$1,596,333	$449,859	$211,668
2020	$1,495,540	$1,418,857	$236,160	$76,683

HARVESTERS MINISTRIES