HEARTLIGHT MINISTRIES INC (EIN 850417485) - 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

1994

Legal Domicile

Principal Officer

DOUG SHUMWAY

Phone

5052167541

Tax Period

2024-01-01 to 2024-12-31

HEARTLIGHT MINISTRIES INC, founded in 1994, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $53K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $68K exceeded revenue, resulting in a 28% operating deficit.

Mission

EDUCATE THE GENERAL PUBLIC ABOUT VARIOUS SPIRITUAL ACTIVITIES SO THAT INTERESTED PERSONS MAY DEVELOP BROADER PERSPECTIVES OF THE INHERENT WISDOM AND PRACTICAL GUIDANCE IN LIVING PRESENTED BY OUR MULTI-CULTURAL WORLD. THIS UNLOCKS HUMAN POTENTIAL AFFECTING HUMAN COOPERATION.

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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 $19,241

Program Service Revenue $0

Investment Income $506

Other Revenue $32,999

TOTAL REVENUE $52,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,415

Fundraising Expenses $0

Program Expenses $47,347

Other Expenses $60,223

TOTAL EXPENSES $67,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,746	$111,263	-0.5%
Expenses	$67,638	$70,008	0.0%
Net Income	$-14,892	$41,255	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JIM SCHAEFER	MEMBER	Director	$0	$0	$0
JAN HAYNES	MEMBER	Director	$0	$0	$0
SCOTT WETZELL	MEMBER	Director	$0	$0	$0
KARL KAMPER	PRESIDENT	Officer	$0	$0	$0
BARRY MARTIN	VICE PRESIDENT	Officer	$0	$0	$0
DOUG SHUMWAY	TREASURER	Officer	$0	$0	$0
MARY LUCERO-WORRELL	SECRETARY	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	No data	No data	No data	No data
2024	$52,746	$67,638	$613,875	$-14,892
2023	$111,263	$70,008	$640,707	$41,255
2022	$59,533	$60,158	$598,375	$-625
2021	$81,687	$66,251	$600,566	$15,436
2020	$80,782	$70,631	$584,194	$10,151
2019	$67,469	$77,131	$573,973	$-9,662
2018	$70,002	$65,187	$581,104	$4,815

HEARTLIGHT MINISTRIES INC