HEARTLAND LAKES DEVELOPMENT COMMISS (EIN 204208381) - 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

2005

Legal Domicile

Phone

2187329713

Tax Period

2024-01-01 to 2024-12-31

HEARTLAND LAKES DEVELOPMENT COMMISS, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $888K in total revenue in fiscal year 2024. The organization ran a surplus of $135K, a strong 15% operating margin.

Mission

INSPIRE AND RETAIN ECONOMIC GROWTH

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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 $711,421

Program Service Revenue $154,056

Investment Income $33

Other Revenue $22,108

TOTAL REVENUE $887,618

Expense Breakdown

Grants Paid $39,379

Salaries & Benefits $200,730

Fundraising Expenses $11,692

Program Expenses $473,557

Other Expenses $512,615

TOTAL EXPENSES $752,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$887,618	$922,283	0.0%
Expenses	$752,724	$588,572	+0.3%
Net Income	$134,894	$333,711	-0.6%

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

Volunteers

N/A

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

$93,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY THOMPSON	EXECUTIVE DIRECTOR	40.00	Officer	$93,200	$0	$93,200
DAVID DE LA HUNT	CHAIR	1.00	Officer Director	$0	$0	$0
CHARLENE CHRISTENSEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TIM LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
LIZ STONE	DIRECTOR	1.00	Director	$0	$0	$0
TOM CONWAY	DIRECTOR	1.00	Director	$0	$0	$0
ERIC WOLFF	DIRECTOR	1.00	Director	$0	$0	$0
DEREK RICKE	EX OFFICIO MEMBER	1.00	Director	$0	$0	$0
ANGEL WEASNER	EX OFFICIO MEMBER	1.00	Director	$0	$0	$0
JEFF CADWELL	EX OFFICIO MEMBER	1.00	Director	$0	$0	$0
SHAWN RAYKOVICH	EX OFFICIO MEMBER	0.00	Director	$0	$0	$0
MARK ANDERSON	DIRECTOR	0.00	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	$887,618	$752,724	$6,754,730	$134,894
2023	$922,283	$588,572	$3,070,645	$333,711
2022	$379,772	$351,438	$507,422	$28,334
2021	$742,491	$568,364	$422,634	$174,127
2020	$2,038,493	$1,939,901	$363,518	$98,592

HEARTLAND LAKES DEVELOPMENT COMMISS