BOWED HEARTS INC

EIN: 831733920 501(c)(3) Human Services

WINTERSET, IA

Total Revenue
$166,462
Total Expenses
$156,199
Total Assets
$56,380
Net Assets
$56,380
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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
2019
Legal Domicile
IA
Tax Period
2023-01-01 to 2023-12-31

BOWED HEARTS INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $166K in total revenue in fiscal year 2023. Expenses of $156K left a modest 6% surplus.

Mission

TO BRING HAITIAN CHILDREN THE MESSAGE OF THE GOSPEL OF JESUS CHRIST BOTH IN EDUCATION OF BILBLICAL TRUTH AND MEETING THE PHYSICAL AND EDUCATIONAL DEVELOPMENT OF THESE CHILDREN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $166,462
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $166,462

Expense Breakdown

Grants Paid $154,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $155,899
Other Expenses $2,199
TOTAL EXPENSES $156,199

Year-over-Year Comparison

2023 2022 Change
Revenue $166,462 $164,019 +0.0%
Expenses $156,199 $141,914 +0.1%
Net Income $10,263 $22,105 -0.5%
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
3
Independent Members
3
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN CLAWSON OFFICER 0.00
Officer
$0 $0 $0
JAYSSON GURWELL OFFICER 0.00
Officer
$0 $0 $0
JEFF ADKISSON PRESIDENT 2.00
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
2024 No data No data No data No data
2023 $166,462 $156,199 $56,380 $10,263
2022 $164,019 $141,914 $46,117 $22,105
2021 $199,567 $179,271 $24,012 $20,296
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