Heartwise Ministries
Heartwise Ministries consistently reports 0% officer compensation, maintaining a healthy asset-to-liability ratio.
EIN: 205984064 · Chattanooga, TN · NTEE: E99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $74K |
| Total Expenses | $130K |
| Program Spending | 80% |
| Net Assets | $190K |
| Transparency Score | 85/100 |
Is Heartwise Ministries Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heartwise Ministries directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heartwise Ministries
Heartwise Ministries (EIN: 205984064) is a nonprofit organization based in Chattanooga, TN, classified under NTEE code E99. The organization reported total revenue of $74K and total assets of $143K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartwise Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heartwise Ministries is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $149K |
| Total Expenses | $130K |
| Surplus / Deficit | +$19K |
| Total Assets | $190K |
| Net Assets | $190K |
| Operating Margin | 12.7% |
| Months of Reserves | 17.5 months |
Financial Health Grade: A
In 2023, Heartwise Ministries reported a surplus of $19K with revenue exceeding expenses, holds 17.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Heartwise Ministries's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | +8.9% | +11.1% |
| 2022 | +100.4% | +4.7% | +17.1% |
| 2021 | -2.2% | +27.4% | -22.4% |
| 2020 | -48.5% | +7.0% | -7.8% |
| 2019 | +4.6% | +10.0% | +41.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2007 |
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 Heartwise Ministries with a Mission Score of 85 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, Heartwise Ministries 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 $19K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization of its size and suggests a volunteer-led or externally funded leadership structure.
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.
Red Flags
The following concerns were identified during AI analysis of Heartwise Ministries's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
- Significant revenue fluctuations year-over-year without clear explanation
Strengths
The following positive indicators were identified for Heartwise Ministries:
- Consistent reporting of 0% officer compensation
- Assets consistently exceed liabilities, indicating strong solvency
- Consistent filing of IRS Form 990s demonstrates transparency
- Positive net income in recent years (e.g., $18,979 in 202312)
Frequently Asked Questions about Heartwise Ministries
Is Heartwise Ministries a legitimate charity?
Heartwise Ministries (EIN: 205984064) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $74K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Heartwise Ministries spend its money?
Heartwise Ministries directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Heartwise Ministries tax-deductible?
Heartwise Ministries is registered as a tax-exempt nonprofit (EIN: 205984064). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Heartwise Ministries's spending goes to programs?
Heartwise Ministries directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heartwise Ministries compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Heartwise Ministries is above average for NTEE category E99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heartwise Ministries located?
Heartwise Ministries is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 205984064. It is classified under NTEE code E99.
How many years of IRS 990 filings does Heartwise Ministries have?
Heartwise Ministries 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 $74K in total revenue.
How does Heartwise Ministries manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership roles may be filled by volunteers, or compensation is covered by an external entity, or through other non-salary benefits not reported as officer compensation on the 990-EZ.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data from the IRS 990-EZ filings does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, which limits a precise analysis of spending efficiency beyond the overall revenue and expense figures.
What caused the significant revenue drop in 2021 to $71,938 from $144,129 in 2022?
Revenue for 2021 was $71,938, which was indeed a significant drop from the $144,129 reported in 2022 and $148,891 in 2023. The specific reasons for this fluctuation are not detailed in the provided financial summary but could be due to changes in donations, grants, or other income sources.
Filing History
IRS 990 filing history for Heartwise Ministries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Heartwise Ministries's revenue has grown by 59.4%, moving from $93K to $149K. Total assets increased by 396.1% over the same period, from $38K to $190K. Total functional expenses rose by 111.6%, from $61K to $130K. In its most recent filing year (2023), Heartwise Ministries reported a surplus of $19K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $149K | $130K | $190K | $0 | — | — |
| 2022 | $144K | $119K | $171K | $0 | — | View 990 |
| 2021 | $72K | $114K | $146K | $0 | — | — |
| 2020 | $74K | $89K | $188K | $0 | — | — |
| 2019 | $143K | $84K | $203K | $0 | — | View 990 |
| 2018 | $136K | $76K | $144K | $0 | — | View 990 |
| 2017 | $161K | $166K | $84K | $0 | — | View 990 |
| 2016 | $173K | $211K | $38K | $0 | — | View 990 |
| 2015 | $164K | $157K | $76K | $0 | — | View 990 |
| 2014 | $160K | $154K | $70K | $0 | — | View 990 |
| 2013 | $148K | $143K | $63K | $0 | — | View 990 |
| 2012 | $177K | $165K | $58K | $0 | — | View 990 |
| 2011 | $93K | $61K | $38K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $149K, expenses of $130K, and assets of $190K (revenue +3.3% year-over-year).
- 2022: Revenue of $144K, expenses of $119K, and assets of $171K (revenue +100.4% year-over-year).
- 2021: Revenue of $72K, expenses of $114K, and assets of $146K (revenue -2.2% year-over-year).
- 2020: Revenue of $74K, expenses of $89K, and assets of $188K (revenue -48.5% year-over-year).
- 2019: Revenue of $143K, expenses of $84K, and assets of $203K (revenue +4.6% year-over-year).
- 2018: Revenue of $136K, expenses of $76K, and assets of $144K (revenue -15.5% year-over-year).
- 2017: Revenue of $161K, expenses of $166K, and assets of $84K (revenue -6.5% year-over-year).
- 2016: Revenue of $173K, expenses of $211K, and assets of $38K (revenue +5.3% year-over-year).
- 2015: Revenue of $164K, expenses of $157K, and assets of $76K (revenue +2.5% year-over-year).
- 2014: Revenue of $160K, expenses of $154K, and assets of $70K (revenue +8.4% year-over-year).
- 2013: Revenue of $148K, expenses of $143K, and assets of $63K (revenue -16.5% year-over-year).
- 2012: Revenue of $177K, expenses of $165K, and assets of $58K (revenue +89.4% year-over-year).
- 2011: Revenue of $93K, expenses of $61K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heartwise Ministries:
Data Sources and Methodology
This transparency report for Heartwise Ministries 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.