Tabithas Heart

Nonprofit profile at a glance

EIN: 651308656
IRS 990 coverage: 2020–2024
Forms available: Form 990 2024
Location: Cold Spring, MN, USA
Phone: 3203056963
Rating: 71
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Ethnic, Immigrant Centers

Official website

Reported finances

Revenue: $466,694
Expenses: $443,486
Assets: $108,810
Liabilities: $4,193

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

Leadership & pay

6 people listed

Executive titles in this filing

Rachel Waldstein (Executive Director)

Highest reported compensation

Rachel Waldstein (Executive Director): $49,500 total reported compensation
Becky Herges (Board Secretary, Sponsorship Coordinator): $9,360 total reported compensation

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

Overview

Mission

Tabitha's Heart exists to transform impoverished communities within India by empowering people to become productive and compassionate members of society.

What it reported doing in 2024

Education: Support was provided for 500 impoverished children in Kolkata which included paying their school fees, daily tutoring, exam fees, school lunches, uniforms, books and supplies. Fifty students in 9th to 12th grade took part in weekly small-group mentoring classes focusing on life skills. About 800 people were helped through literacy classes, youth and women's classes at our community/education centers in Kolkata serving those living in slums and on the streets. All participants were given nutritious snacks. Fifty-three women attended a six-month business training class and were given startup funds for their businesses.

Operating model

Revenue model: Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model: Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

Financial Efficiency: 79
Transparency & Controls: 69
Accountability: 67
Sustainability: 35
Growth: 80

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 76%; rating input score 76
Program expense ratio: 79.9%; rating input score 80
Fundraising efficiency: $139.19 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings

Transparency & Controls

Consistency checks: 81.8%; rating input score 82; 1st percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Accountability

Independent voting board: 66.7%; rating input score 67; 18th percentile among comparable filings
Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- 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: 5%; rating input score 51; 51st percentile among comparable filings
Total-asset coverage ratio: 0.25; rating input score 13; 13th percentile among comparable filings
Liabilities to assets ratio: 0.04; rating input score 34; 34th percentile among comparable filings
Officer compensation ratio: 13.3%; rating input score 26; 26th percentile among comparable filings

Growth

Program expense growth: 3.5% per year; rating input score 100; 47th percentile among comparable filings
Revenue growth: 2.3% per year; rating input score 100; 36th percentile among comparable filings
Asset growth: -19.9% per year; rating input score 0; 3rd percentile among comparable filings

Details

Where the money goes: 76% of revenue deployed · 79.9% of spending went to programs
Governance: 4 of 6 board members independent · 6 of 9 filing controls reported
Programs: 3 filed program accomplishments · $355K in reported program spending
Leadership: top reported pay $50K · 6 people listed
Consistency: 28 of 30 current checks pass · 2 findings to review
Schedules: 4 filed schedules · includes major donors and foreign activity
Filing history: 5 filing years from 2020 to 2024
Contacts: How to reach this organization
Money network: 2 filed money-flow records
Related organizations: Filed and resolved organization relationships.
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 — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
Review — Accountability: Governance controls: 2 of 8 not reported.
High — Sustainability: Total-asset coverage ratio scored 13/100.
Review — Sustainability: Operating margin scored 51/100.
High — Growth: Asset growth scored 0/100.
Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
High — Sustainability: Officer compensation ratio scored 26/100.
Moderate — Sustainability: Liabilities to assets ratio scored 34/100.