HEART SHOT MINISTRY INC (EIN 813834684) - 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

Troy Bendickson

Phone

6784921989

Tax Period

2023-01-01 to 2023-12-31

HEART SHOT MINISTRY INC, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $114K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $196K exceeded revenue, resulting in a 72% operating deficit.

Mission

Using archery as a tool to spread the news of Christ, and service widows/single women in our local communities. Free archery lessons for the public. Service opportunities for the public to join us. Free lawn care, snow removal, home repair, etc.

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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 (2023)

Revenue Breakdown

Contributions & Grants $94,304

Program Service Revenue $13,160

Investment Income $8

Other Revenue $6,757

TOTAL REVENUE $114,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,927

Fundraising Expenses $8,181

Program Expenses $66,272

Other Expenses $168,511

TOTAL EXPENSES $196,438

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,229	$75,629	+0.5%
Expenses	$196,438	$63,352	+2.1%
Net Income	$-82,209	$12,277	-7.7%

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

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
Troy Bendickson	CEO	40	Highest	$27,927	$0	$27,927
Marty Bendickson	Board Member	2	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	No data	No data	No data	No data
2023	$114,229	$196,438	$477,995	$-82,209
2022	$75,629	$63,352	$570,929	$12,277
2021	$75,918	$76,008	$567,863	$-90
2020	$267,394	$71,866	$577,235	$195,528

HEART SHOT MINISTRY INC