HEARTLAND HEALTHCARE FUND (EIN 020656066) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

DAVID ARGUBRIGHT

Phone

9528540795

Tax Period

2024-01-01 to 2024-12-31

HEARTLAND HEALTHCARE FUND, founded in 2002, is a mid-sized nonprofit in the Mutual Benefit sector that reported $32.7M in total revenue in fiscal year 2024.

Mission

INSURED AND SELF FUNDED WELFARE BENEFITS FOR UNION MEMBERS AND THEIR DEPARTMENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $31,427,351

Investment Income $1,246,175

Other Revenue $0

TOTAL REVENUE $32,673,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,396,786

TOTAL EXPENSES $34,229,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,673,526	$31,231,313	+0.0%
Expenses	$34,229,514	$33,719,964	+0.0%
Net Income	$-1,555,988	$-2,488,651	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN O'CONNELL	TRUSTEE	1.00	Director	$0	$0	$0
DAVID ARGUBRIGHT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PJ FOLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
GREG MULHERIN	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL AUSSEM	TRUSTEE	1.00	Director	$0	$0	$0
JAMES BARK	TRUSTEE	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$32,673,526	$34,229,514	$47,368,687	$-1,555,988
2023	$31,231,313	$33,719,964	$48,125,701	$-2,488,651
2022	$32,167,993	$30,503,764	$49,348,914	$1,664,229
2021	$37,933,145	$29,179,120	$50,908,664	$8,754,025
2020	$28,163,234	$25,469,207	$47,196,727	$2,694,027
2019	$30,383,293	$28,374,871	$42,405,394	$2,008,422
2018	$33,551,318	$32,221,521	$37,331,966	$1,329,797

HEARTLAND HEALTHCARE FUND