HEARTLAND INSTITUTE OF FINANCIAL EDUCATION

EIN: 260076287 501(c)(3) Education

GREENWOOD VILLAGE, CO

Total Revenue
$402,262
Total Expenses
$415,492
Total Assets
$430,238
Net Assets
$377,399
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CO
Principal Officer
DAVID J BROMEIER
Phone
3035970197
Tax Period
2023-01-01 to 2023-12-31

HEARTLAND INSTITUTE OF FINANCIAL EDUCATION, founded in 2003, is a small nonprofit in the Education sector that reported $402K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

BRINGING FINANCIAL LITERACY TO PEOPLE ACROSS NORTH AMERICA THROUGH ON-SITE CLASSES OFFERED BY OUR CFE CERTIFIED FINANCIAL EDUCATORS (CFEd) AND PROMOTING HIGHER EDUCATION ACROSS THE GLOBE

Program Service Accomplishments

Program 1
Expenses: $12,951 Revenue: $93,695

BY OFFERING FINANCIAL WELLNESS COURSES TO EMPLOYERS ALL ACROSS AMERICA, THE HEARTLAND INSTITUTE OF FINANCIAL EDUCATION HAS BEEN ABLE TO PROVIDE FINANCIAL EDUCATION CLASSES TO OVER 800 EMPLOYERS...

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BY OFFERING FINANCIAL WELLNESS COURSES TO EMPLOYERS ALL ACROSS AMERICA, THE HEARTLAND INSTITUTE OF FINANCIAL EDUCATION HAS BEEN ABLE TO PROVIDE FINANCIAL EDUCATION CLASSES TO OVER 800 EMPLOYERS, INCLUDING CORPORATIONS, SCHOOL SYSTEMS, CHURCHES, HOSPITALS, GOVERNMENT AGENCIES, STATE AGENCIES, COLLEGES, HIGH SCHOOLS, AND MORE. OUR INSTRUCTORS HAVE PROVIDED FINANCIAL EDUCATION FOR OVER 10,000 ADULT LEARNERS WHO HAVE GAINED THE OPPORTUNITY TO IMPROVE THEIR FINANCIAL SITUATION AND ENJOY A MORE COMPLETE, FINANCIALLY SECURE LIFE. THESE CLASSES CONTINUE TO PROVIDE ONGOING TRAINING AND GUIDANCE FOR ADULTS AS WE CONSISTENTLY FIND NEW WAYS TO POSITIVELY IMPACT ADULTS IN THEIR EVERYDAY LIVES.

Program 2
Expenses: $246,915 Revenue: $292,912

BY PROVIDING AFFORDABLE AND PROFESSIONAL COACHING TO STUDENTS AND PARENTS WE HAVE HELPED OVER 3,500 STUDENTS NOT ONLY SELECT THE BEST CAREER AND COLLEGE, BUT ALSO SAVE MILLIONS OF DOLLARS IN OUT OF...

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BY PROVIDING AFFORDABLE AND PROFESSIONAL COACHING TO STUDENTS AND PARENTS WE HAVE HELPED OVER 3,500 STUDENTS NOT ONLY SELECT THE BEST CAREER AND COLLEGE, BUT ALSO SAVE MILLIONS OF DOLLARS IN OUT OF POCKET EXPENSES. ONE OF THE KEY AREAS OF FOCUS FOR THE INSTITUTE IS TO PROVIDE PERSONAL, PROFESSIONAL COACHING SERVICES FOR OUR STUDENTS. THIS IS ACCOMPLISHED BY FINDING QUALIFIED INDIVIDUALS WHO HAVE PROFESSIONAL EXPERIENCE IN THE COLLEGE/UNIVERSITY ENVIRONMENT, BOTH FROM AN ADMINISTRATIVE OR TEACHING PERSPECTIVE AND FROM THE EXPERIENCE OF WORKING WITH STUDENTS. THESE COACHES PROVIDE OUR STUDENTS WITH HANDS-ON GUIDANCE AT AN AFFORDABLE COST.

Program 3
Expenses: $0 Revenue: $0

EMPOWER YOUR ASSETS (EYA) DELIVERS THE LIFE SKILLS OF DEVELOPMENT, CONFIDENCE, CAPABILITY, AND ACCOUNTABILITY IN A FRAMEWORK OF PRACTICAL FINANCIAL LITERACY AND COLLEGE/CAREER GUIDANCE AND SUCCESS...

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EMPOWER YOUR ASSETS (EYA) DELIVERS THE LIFE SKILLS OF DEVELOPMENT, CONFIDENCE, CAPABILITY, AND ACCOUNTABILITY IN A FRAMEWORK OF PRACTICAL FINANCIAL LITERACY AND COLLEGE/CAREER GUIDANCE AND SUCCESS. EYA IS TRANSFORMATIONAL BY EMPOWERING THE STUDENT WITH AWARENESS AND ABILITY TO EMPLOY HIS OR HER ENTIRE PERSON AS AN ASSET. WE, AND THE STUDENT, DEPLOY DESIGN, VISION, PERSISTENCE AND CAPABILITIES THAT EDUCATION CAN AFFORD. PRACTICAL TOOLS OF HOW-TO AND WHY FINANCE AND PERSONAL CAREER AND COLLEGE OPPORTUNITY TEACHES THE STUDENT HOW TO ENGAGE IN A CULTURE OF OPPORTUNITY. EYA ADVISORS GIVE INDIVIDUALIZED CLOSE ATTENTION AS A CARING ADULT, GIVING THE GUIDANCE AND STRENGTH TO EXPECT SUCCESS. THE PROGRAM OFFERS CREATIVE AND PRACTICAL LESSONS OF MATH AND PERSONAL FINANCE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,555
Program Service Revenue $386,607
Investment Income $3
Other Revenue $10,097
TOTAL REVENUE $402,262

Expense Breakdown

Grants Paid $0
Salaries & Benefits $94,520
Fundraising Expenses $0
Program Expenses $259,866
Other Expenses $320,972
TOTAL EXPENSES $415,492

Year-over-Year Comparison

2023 2022 Change
Revenue $402,262 $599,944 -0.3%
Expenses $415,492 $619,364 -0.3%
Net Income $-13,230 $-19,420 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
4
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
5
$8,468
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL MCLEMORE PRESIDENT/CHAIRMAN 20.00
Officer Director
$0 $0 $0
DAVID MCCONICO SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
GREGORY ANDERSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ALAN GAPPINGER CHIEF EXECUTIVE OFFICER 20.00
Officer
$0 $0 $0
PAUL GAPPINGER FORMER DIRECTOR 20.00
$0 $51,498 $51,498
DAVID BROMEIER CHIEF FINANCIAL OFFICER 20.00
Officer
$8,468 $0 $8,468
LILI BEN 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 No data No data No data No data
2023 $402,262 $415,492 $430,238 $-13,230
2022 $599,944 $619,364 $520,439 $-19,420
2021 $793,728 $957,767 $588,179 $-164,039
2020 $998,936 $1,240,807 $648,048 $-241,871
2019 $1,829,259 $1,639,575 $820,906 $189,684
2018 $1,891,835 $1,829,894 $1,167,427 $61,941
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