Frank Town Open Hearts Ministry Inc
Frank Town Open Hearts Ministry Inc shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 202862970 · Franklin, TN · NTEE: J22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2.7 |
| Net Assets | $3.2M |
| Transparency Score | 90/100 |
Is Frank Town Open Hearts Ministry Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frank Town Open Hearts Ministry Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frank Town Open Hearts Ministry Inc
Frank Town Open Hearts Ministry Inc (EIN: 202862970) is a nonprofit organization based in Franklin, TN, classified under NTEE code J22. The organization reported total revenue of $2.1M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frank Town Open Hearts Ministry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frank Town Open Hearts Ministry Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $3.4M |
| Total Liabilities | $147K |
| Net Assets | $3.2M |
| Operating Margin | 52.9% |
| Debt-to-Asset Ratio | 4.3% |
| Months of Reserves | 31.8 months |
Financial Health Grade: A
In 2023, Frank Town Open Hearts Ministry Inc reported a surplus of $1.4M with revenue exceeding expenses, holds 31.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Frank Town Open Hearts Ministry Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +89.5% | +20.8% | +80.5% |
| 2022 | +13.3% | +32.1% | +22.5% |
| 2021 | +7.8% | +33.3% | +36.2% |
| 2020 | +41.4% | +6.4% | +107.1% |
| 2019 | +96.8% | +19.5% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Frank Town Open Hearts Ministry Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Frank Town Open Hearts Ministry Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of its size with revenues exceeding $2.7 million in 2023.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Frank Town Open Hearts Ministry Inc:
- Strong and consistent revenue growth, from $831,560 in 2019 to $2,721,704 in 2023.
- Significant asset accumulation, reaching $3,394,348 in 2023, indicating financial stability.
- No reported officer compensation across all filings, demonstrating a commitment to mission-focused spending.
- Positive net income in recent years, with revenue significantly exceeding expenses (e.g., $2,721,704 revenue vs. $1,280,617 expenses in 2023).
- Low liabilities relative to assets, indicating good financial management (e.g., $146,937 liabilities vs. $3,394,348 assets in 2023).
Frequently Asked Questions about Frank Town Open Hearts Ministry Inc
Is Frank Town Open Hearts Ministry Inc a legitimate charity?
Frank Town Open Hearts Ministry Inc (EIN: 202862970) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Frank Town Open Hearts Ministry Inc spend its money?
Frank Town Open Hearts Ministry Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Frank Town Open Hearts Ministry Inc tax-deductible?
Frank Town Open Hearts Ministry Inc is registered as a tax-exempt nonprofit (EIN: 202862970). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Frank Town Open Hearts Ministry Inc CEO make?
Frank Town Open Hearts Ministry Inc's highest-compensated officer earns $2.7 annually. The organization reported $2.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Frank Town Open Hearts Ministry Inc's spending goes to programs?
Frank Town Open Hearts Ministry Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Frank Town Open Hearts Ministry Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Frank Town Open Hearts Ministry Inc is above average for NTEE category J22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Frank Town Open Hearts Ministry Inc located?
Frank Town Open Hearts Ministry Inc is headquartered in Franklin, Tennessee and files with the IRS under EIN 202862970. It is classified under NTEE code J22.
How many years of IRS 990 filings does Frank Town Open Hearts Ministry Inc have?
Frank Town Open Hearts Ministry Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.1M in total revenue.
Is Frank Town Open Hearts Ministry Inc a good charity?
Based on the available financial data, Frank Town Open Hearts Ministry Inc appears to be a good charity. It demonstrates strong financial growth, healthy asset accumulation, and a notable commitment to not compensating its officers, suggesting a high dedication to its mission.
How has the organization's revenue grown over time?
The organization has experienced significant revenue growth, increasing from $831,560 in 2019 to $2,721,704 in 2023, representing over a 227% increase in five years.
What is the trend in the organization's assets?
Assets have consistently grown, from $543,793 in 2019 to $3,394,348 in 2023, indicating strong financial health and capacity building.
Does the organization compensate its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all available periods, including the latest filing for 2023.
Filing History
IRS 990 filing history for Frank Town Open Hearts Ministry Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Frank Town Open Hearts Ministry Inc's revenue has grown by 757.3%, moving from $317K to $2.7M. Total assets increased by 1863% over the same period, from $173K to $3.4M. Total functional expenses rose by 445.9%, from $235K to $1.3M. In its most recent filing year (2023), Frank Town Open Hearts Ministry Inc reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $147K in liabilities against $3.4M in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $1.3M | $3.4M | $147K | — | View 990 |
| 2022 | $1.4M | $1.1M | $1.9M | $73K | — | View 990 |
| 2021 | $1.3M | $803K | $1.5M | $70K | — | View 990 |
| 2020 | $1.2M | $602K | $1.1M | $133K | — | View 990 |
| 2019 | $832K | $566K | $544K | $124K | — | View 990 |
| 2018 | $423K | $474K | $496K | $341K | — | View 990 |
| 2017 | $386K | $346K | $209K | $4K | — | View 990 |
| 2016 | $246K | $275K | $170K | $4K | — | View 990 |
| 2015 | $252K | $166K | $197K | $3K | — | View 990 |
| 2014 | $193K | $196K | $110K | $2K | — | View 990 |
| 2013 | $244K | $247K | $115K | $4K | — | View 990 |
| 2012 | $199K | $255K | $116K | $1K | — | View 990 |
| 2011 | $317K | $235K | $173K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $1.3M, and assets of $3.4M (revenue +89.5% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.1M, and assets of $1.9M (revenue +13.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $803K, and assets of $1.5M (revenue +7.8% year-over-year).
- 2020: Revenue of $1.2M, expenses of $602K, and assets of $1.1M (revenue +41.4% year-over-year).
- 2019: Revenue of $832K, expenses of $566K, and assets of $544K (revenue +96.8% year-over-year).
- 2018: Revenue of $423K, expenses of $474K, and assets of $496K (revenue +9.5% year-over-year).
- 2017: Revenue of $386K, expenses of $346K, and assets of $209K (revenue +57.1% year-over-year).
- 2016: Revenue of $246K, expenses of $275K, and assets of $170K (revenue -2.4% year-over-year).
- 2015: Revenue of $252K, expenses of $166K, and assets of $197K (revenue +30.3% year-over-year).
- 2014: Revenue of $193K, expenses of $196K, and assets of $110K (revenue -20.7% year-over-year).
- 2013: Revenue of $244K, expenses of $247K, and assets of $115K (revenue +22.7% year-over-year).
- 2012: Revenue of $199K, expenses of $255K, and assets of $116K (revenue -37.5% year-over-year).
- 2011: Revenue of $317K, expenses of $235K, and assets of $173K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frank Town Open Hearts Ministry Inc:
Data Sources and Methodology
This transparency report for Frank Town Open Hearts Ministry Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.