HEARTLAND CHRISTIAN COLLEGE (EIN 264663584) - 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

2009

Legal Domicile

Principal Officer

KRIS PALMER

Phone

5736335610

Tax Period

2024-08-01 to 2025-07-31

HEARTLAND CHRISTIAN COLLEGE, founded in 2009, is a small nonprofit in the Religion sector that reported $822K in total revenue in fiscal year 2024. Expenses of $791K left a modest 4% surplus.

Mission

HEARTLAND CHRISTIAN COLLEGE IS A TWO YEAR PROGRAM TO DISCIPLE BELIEVERS, PREPARING THEM FOR A LIFE OF SERVICE IN LOCAL CHURCH COMMUNITIES, WHICH WILL REACH THE NATIONS OF THE WORLD WITH THE GOSPEL OF JESUS CHRIST.

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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 $733,901

Program Service Revenue $64,760

Investment Income $22,923

Other Revenue $105

TOTAL REVENUE $821,689

Expense Breakdown

Grants Paid $7,177

Salaries & Benefits $585,009

Fundraising Expenses $0

Program Expenses $396,665

Other Expenses $198,507

TOTAL EXPENSES $790,693

Year-over-Year Comparison

	2024	2023	Change
Revenue	$821,689	$824,570	0.0%
Expenses	$790,693	$863,214	-0.1%
Net Income	$30,996	$-38,644	-1.8%

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

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
DAVID MELTON	CHAIRMAN/DIRECTOR	5.00	Director	$0	$0	$0
TIMOTHY BELZ	VICE CHAIRMAN/DIRECTOR	5.00	Director	$0	$0	$0
GEMMA CIESEMIER	SECRETARY/DIRECTOR	2.00	Director	$0	$0	$0
KRIS PALMER	CEO/DIRECTOR	20.00	Officer Director	$0	$0	$0
JOHN COZAD	DIRECTOR	2.00	Director	$0	$0	$0
JOHN MOLINA	DIRECTOR	2.00	Director	$0	$0	$0
VICTOR PAVLOVSKI	DIRECTOR	2.00	Director	$0	$0	$0
CLIFFORD TALTON	DIRECTOR	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	$821,689	$790,693	$676,628	$30,996
2024	$824,570	$863,214	$649,610	$-38,644
2024	$824,570	$863,214	$649,610	$-38,644
2023	$850,465	$838,137	$3,339,510	$12,328
2022	$490,781	$706,003	$3,321,185	$-215,222
2021	$761,966	$726,238	$3,547,125	$35,728
2020	$1,011,331	$975,444	$3,503,406	$35,887
2019	$923,046	$883,965	$3,471,030	$39,081
2018	$780,051	$727,288	$3,438,132	$52,763

HEARTLAND CHRISTIAN COLLEGE