Heartland Long Term Acute Care Hospital (EIN 261972987) - 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

2007

Legal Domicile

Phone

8162717070

Tax Period

2022-07-01 to 2023-06-30

Heartland Long Term Acute Care Hospital, founded in 2007, is a mid-sized nonprofit in the Health Care sector that reported $11.4M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $13.8M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE THE BEST HEALTH CARE AND TO IMPROVE THE LIVES OF THOSE IN THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,380,937

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,380,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,827,862

Fundraising Expenses $0

Program Expenses $12,827,666

Other Expenses $8,004,964

TOTAL EXPENSES $13,832,826

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,380,937	$12,350,257	-0.1%
Expenses	$13,832,826	$13,932,372	0.0%
Net Income	$-2,451,889	$-1,582,115	+0.5%

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

158

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

$975,421

Total Directors

$489,917

Key Employees

$267,956

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Director/Vice Chair	1.0	Officer Director	$0	$0	$0
N/A	President/Director/Chair	1.0	Officer Director	$0	$46,562	$489,917
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	CFO/Treasurer	1.0	Officer	$0	$0	$0
N/A	Secretary	1.0	Officer	$0	$41,666	$315,515
N/A	Former CFO/Treasurer	1.0	Officer	$0	$2,972	$169,989
N/A	LTACH Administrator	40.0	Key Emp	$228,351	$39,605	$267,956
N/A	Respiratory Therapist	40.0	Highest	$108,221	$23,850	$132,809
N/A	Inpatient RN	40.0	Highest	$118,471	$4,991	$161,189
N/A	Inpatient RN	40.0	Highest	$101,243	$24,087	$125,330
N/A	Respiratory Therapist	40.0	Highest	$111,786	$21,654	$133,829
N/A	Inpatient RN-LTACH Nursing	40.0	Highest	$127,033	$12,050	$139,083
N/A	Former President/Director/Chair	0.0		$0	$20,954	$414,592
N/A	Former CFO/Treasurer	0.0		$0	$5,073	$163,042
N/A	Former Secretary	0.0		$0	$34,631	$1,292,933

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	No data	No data	No data	No data
2023	$11,380,937	$13,832,826	$4,870,869	$-2,451,889
2022	$12,350,257	$13,932,372	$2,747,212	$-1,582,115
2021	$13,085,987	$13,495,132	$4,898,862	$-409,145
2020	$12,255,589	$12,007,280	$3,714,053	$248,309
2019	$10,909,529	$11,043,017	$3,795,763	$-133,488
2018	$11,651,341	$10,721,999	$2,273,346	$929,342

Heartland Long Term Acute Care Hospital