HEARTLAND HEALTH SYSTEM INC (EIN 201890414) - 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

2004

Legal Domicile

Principal Officer

KAREN DYER

Phone

2172582591

Tax Period

2023-07-01 to 2024-06-30

HEARTLAND HEALTH SYSTEM INC, founded in 2004, is a mid-sized nonprofit in the Health Care sector that reported $44.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE EXCEPTIONAL CARE FOR ALL AND CREATE HEALTHY COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $41,219,542

Investment Income $951,344

Other Revenue $1,997,129

TOTAL REVENUE $44,168,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,712,516

Fundraising Expenses $0

Program Expenses $39,098,958

Other Expenses $20,587,720

TOTAL EXPENSES $44,300,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,168,015	$38,061,941	+0.2%
Expenses	$44,300,236	$39,898,941	+0.1%
Net Income	$-132,221	$-1,837,000	-0.9%

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

Employees

340

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

$2,393,209

Total Directors

$2,509,289

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARB HALL	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
STEVE CHILDERS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KIRSTY RAMERT	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSH BULLOCK	TREASURER	1.00	Officer Director	$0	$0	$0
HOLLY ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
FATIMA ALAO	DIRECTOR	1.00	Director	$0	$12,707	$466,820
DALE BOYER	DIRECTOR	1.00	Director	$0	$0	$0
LUCAS CATT	DIRECTOR	1.00	Director	$0	$68,235	$595,762
JAY GATRELL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE GENTA	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP KEPP	DIRECTOR	1.00	Director	$0	$0	$0
JAY MARKWELL	DIRECTOR	1.00	Director	$0	$0	$0
ALAN METZGER	DIRECTOR	1.00	Director	$0	$0	$0
DIDI OMIYI	DIRECTOR	1.00	Director	$0	$61,274	$1,446,707
MICHAEL RADLIFF	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
JIM ZIMMER	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS PLUARD	CHIEF FINANCE OFFICER	1.00	Officer	$0	$88,861	$745,197
KIM UPHOFF	PRESIDENT	5.00	Officer	$0	$71,273	$1,146,631
KAREN DYER	CEO	55.00	Officer	$0	$12,577	$334,526
GREG STARNES	CEO	40.00	Officer	$0	$14,808	$166,855
JOSEPH BLAZER	PHYSICIAN	40.00	Highest	$897,154	$48,772	$945,926
JEFFREY JENSON	PHYSICIAN	40.00	Highest	$228,695	$43,084	$271,779
JAMES SOLA	PHYSICIAN	40.00	Highest	$300,242	$15,305	$315,547
RICHARD FUNNEMAN	PHYSICIAN	40.00	Highest	$238,093	$42,838	$280,931

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
2025	No data	No data	No data	No data
2024	$44,168,015	$44,300,236	$65,078,278	$-132,221
2023	$38,061,941	$39,898,941	$27,864,710	$-1,837,000
2022	$39,970,753	$37,946,849	$11,169,711	$2,023,904
2021	$38,041,020	$36,439,009	$11,466,880	$1,602,011
2020	$30,546,789	$29,791,700	$12,343,536	$755,089

HEARTLAND HEALTH SYSTEM INC