BIG HEART MINISTRIES (EIN 845144042) - 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

2020

Legal Domicile

Principal Officer

MICAH R CARTER

Phone

9564510922

Tax Period

2024-01-01 to 2024-12-31

BIG HEART MINISTRIES, founded in 2020, is a small nonprofit in the Religion sector that reported $623K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

BIG HEART MINISTRIES EXIST TO BE A CHRIST CENTERED HOME FOR THE FATHERLESS. WE AIM TO GIVE EACH CHILD EVERY OPPORTUNITY TO REACH THEIR FULL POTENTIAL, AS WELL AS EQUIP THEM WITH THE KNOWLEDGE AND ABILITIES THEY NEED TO ENSURE A GREAT FUTURE.

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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 $622,551

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $622,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,549

Fundraising Expenses $0

Program Expenses $596,812

Other Expenses $610,997

TOTAL EXPENSES $640,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$622,551	$542,452	+0.1%
Expenses	$640,546	$643,394	0.0%
Net Income	$-17,995	$-100,942	-0.8%

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

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

$28,799

Total Directors

$28,799

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GATOR CARTER	TREASURER	60.00	Officer Director	$7,200	$0	$7,200
DEANNA CARTER	SECRETARY	60.00	Officer Director	$7,200	$0	$7,200
MICAH CARTER	PRESIDENT	60.00	Officer Director	$14,399	$0	$14,399

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	$622,551	$640,546	$68,107	$-17,995
2023	$542,452	$643,394	$86,102	$-100,942
2022	$556,206	$511,970	$187,044	$44,236
2021	$478,108	$431,757	$142,808	$46,351

BIG HEART MINISTRIES