HEARTLAND INSTITUTE OF FINANCIAL EDUCATION (EIN 260076287) - 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

2003

Legal Domicile

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

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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 $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

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

$8,468

Total Directors

Key Employees

Highest Compensated

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

HEARTLAND INSTITUTE OF FINANCIAL EDUCATION