X โ€” Religion-RelatedEIN: 621353984ยท Ruling Year: 1989

Heritage Ministries Inc

Alcoa, Tennessee

BHealth Score
62B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

๐Ÿ’ฐ
$5.2M
Total Revenue
๐Ÿ“Š
$5.0M
Total Expenses
๐Ÿฆ
$362K
Net Assets
๐Ÿ“‹
$209K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+24.0%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+4.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.07
Net assets divided by total expenses
Liabilities-to-Assets
36.6%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$5,207,161โ†‘24%$4,971,412โ†“5%$571,454โ†‘55%
2022$4,198,287โ†“11%$5,229,278โ†‘40%$368,122โ†“74%
2021$4,695,767โ†‘44%$3,746,282โ†‘22%$1,430,350โ†‘153%
2020$3,266,193$3,060,745$564,774โ†‘89%
2019$3,278,526โ†‘24%$3,071,106โ†‘15%$298,094โ†‘33%
2018$2,647,352โ†‘9%$2,660,378โ†‘4%$223,581โ†“6%
2017$2,421,991โ†‘28%$2,555,477โ†‘57%$238,026โ†‘8%
2016$1,897,864โ†“2%$1,629,913โ†“9%$220,446โ†“11%
2015$1,933,428โ†“11%$1,789,489โ†“18%$246,368โ†“9%
2014$2,163,251โ†‘36%$2,183,616โ†‘31%$269,301โ†‘62%
2013$1,594,970โ†‘7%$1,665,992โ†‘8%$166,153โ†“13%
2012$1,488,806โ†‘11%$1,537,285โ†‘1%$191,365โ†‘146%
2011$1,343,843$1,520,589$77,931

Frequently Asked Questions

What does Heritage Ministries Inc do?โ–ผ

Heritage Ministries Inc is a religion-related nonprofit organization based in Tennessee. It is classified under NTEE code X21Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Heritage Ministries Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Heritage Ministries Inc has a score of 62/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Heritage Ministries Inc generate?โ–ผ

Heritage Ministries Inc reports $4.8M in annual revenue and holds $881K in total assets, based on IRS filings.

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Heritage Ministries Inc โ€” Alcoa, TN | GiveScope