HEARTLAND EDUCATION FOUNDATION (EIN 205658970) - 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

2006

Legal Domicile

Principal Officer

MARK EDGREN

Phone

9728603154

Tax Period

2024-01-01 to 2024-12-31

HEARTLAND EDUCATION FOUNDATION, founded in 2006, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 4% surplus.

Mission

THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF AND TO FURTHER THE PURPOSES OF CRANDALL ISD, KAUFMAN COUNTY, TEXAS. THE FOUNDATION'S MISSION IS TO PROVIDE FUNDS FOR THE ASSISTANCE, DEVELOPMENT, AND MAINTENANCE OF EDUCATION PROGRAMS OR ACTIVITIES OF THE CRANDALL ISD.

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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 $1,108,295

Investment Income $36,083

Other Revenue $0

TOTAL REVENUE $1,144,378

Expense Breakdown

Grants Paid $1,086,715

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,086,715

Other Expenses $16,457

TOTAL EXPENSES $1,103,172

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,144,378	$843,070	+0.4%
Expenses	$1,103,172	$967,096	+0.1%
Net Income	$41,206	$-124,026	-1.3%

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

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
MARK EDGREN	PRESIDENT	5.00	Officer Director	$0	$0	$0
TERRY BASCHER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DODIE SLAMA	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
CHRISTY STARRETT	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
DR ANJANETTE MURRY	CISD SUPERINTENDENT	2.00	Director	$0	$0	$0
BILLIE HENDERSON	HEARTLAND RESIDENT DIRECTO	2.00	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
2025	No data	No data	No data	No data
2024	$1,144,378	$1,103,172	$1,962,774	$41,206
2024	$1,144,378	$1,103,172	$1,962,774	$41,206
2023	$843,070	$967,096	$1,921,568	$-124,026
2022	$1,158,076	$1,075,503	$2,045,594	$82,573
2020	$675,231	$630,211	$1,325,733	$45,020

HEARTLAND EDUCATION FOUNDATION