Heart Change Ministries Inc

Nonprofit profile at a glance

EIN
010877614
IRS 990 coverage
2013–2024
Forms available
Form 990 2024, Form 990-EZ 2008
Location
Indianapolis, IN, USA
Phone
3174960916
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations
Affiliation
Christianity

Official website

Reported finances

Revenue
$1,358,395
Expenses
$351,254
Assets
$5,150,636
Liabilities
$5,500

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • DALE SHAW (BOARD PRESIDENT/MANAGING D)

People named in this filing

  • CYNTHIA PALMER (BOARD MEMBER/MANAGING D)
  • DAVID PALMER (BOARD MEMBER)
  • DALE SHAW (BOARD PRESIDENT/MANAGING D)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Strengthen and equip women and their families in crisis and poverty through a comprehensive course of biblical instruction, character development, work ethic, academic achievement, work readiness, and on-the-job vocational training combined with supportive relationships.

What it reported doing in 2024

Our programs include a pre-school educational program for children ages 0 to 5. We served approximately 45 pre-school children over the course of 2024, plus an additional 47 grade school and high school children in the summer months and school vacation weeks. Our goal is to prepare our pre-school children for their academic journey so that they enter kindergarten on par with or ahead of their classmates who have benefitted from pre-school experiences. Specific learning objectives are: appropriate social behavior, develop listening skills, follow instructions, fine motor skills, large motor skills, letters, colors, numbers, understanding the concept of being asked a question and answering a question and building vocabulary. In the summer of 2024, we continued to support our high school aged boys with developing future vision for their lives post high school providing significant experiences and field to expose them to a wide range of opportunities for work/careers as well as a college campus visit to connect them with an advisor, breakdown fears of the unknown and help them see that college could be a reality for them. During the fall semester of 2024, we launched our intensive parenting course, invested moms, with six mothers. Each of these moms were highly traumatized as a child, not raised by mother and came into motherhood with virtually no role models or advance knowledge of childhood development. This course is designed to promote and teach healthy attachment, prevent trauma and foster intentional parenting for healthy brain development during the first three years of life. We also launched a new social enterprise which will allow us to employ more women earlier in their heart change journey.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 48
  • Transparency & Controls: 92
  • Accountability: 66
  • Sustainability: 92
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 26.9%; rating input score 27
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.9%; rating input score 93; 24th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 74.1%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 14.66; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 79; 79th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 2.6% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: 8.2% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 21.4% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 26.9% of revenue deployed · 100% of spending went to programs
  • Governance: 13 of 14 board members independent · 2 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $351K in reported program spending
  • Leadership: top reported pay $0 · 14 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 9 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 27/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.