Heart Missionary Training Institute

Nonprofit profile at a glance

EIN
593279263
IRS 990 coverage
2011–2023
Forms available
Form 990 2023
Location
Lake Wales, FL, USA
Phone
8636381188
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Vocational, Technical Schools
Affiliation
Christianity

Official website

Reported finances

Revenue
$317,972
Expenses
$267,036
Assets
$45,832
Liabilities
$9

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

11 people listed

Highest reported compensation

  • PHILLIP N MURPHY (EXECUTIVE DI): $42,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Heart seeks to educate, equip and empower people with practical skills in cultural adaptation, problem solving, and community development for the purpose of meeting the needs of the hungry and oppressed while sharing the good news of god's love.

What it reported doing in 2023

Academic programs were conducted in 2022 which provided college level training courses for individuals preparing to become missionaries or community development workers in underdeveloped regions of the world. (approx. 80% of our work)

Operating model

Revenue model
Donor-supported. 74% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

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

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 92
  • Accountability: 24
  • Sustainability: 46
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.7%; rating input score 68
  • Program expense ratio: 80.6%; rating input score 81
  • Fundraising efficiency: $26.48 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings

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: 6%; rating input score 6; 14th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 16%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 0.17; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 61; 61st percentile among comparable filings
  • Officer compensation ratio: 15.7%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: -6.2% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: -2.4% per year; rating input score 0; 18th percentile among comparable filings
  • Asset growth: -17.1% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 67.7% of revenue deployed · 80.6% of spending went to programs
  • Governance: 9 of 150 board members independent · 4 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $215K in reported program spending
  • Leadership: top reported pay $42K · 11 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 12 filing years from 2011 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Accountability: Independent voting board scored 6/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.