HEARTLAND FESTIVAL ORCHESTRA (EIN 270404966) - 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

LANCE ROGERS

Phone

3093393943

Tax Period

2024-08-01 to 2025-07-31

HEARTLAND FESTIVAL ORCHESTRA, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $413K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $394K left a modest 4% surplus.

Mission

PRESENTATION OF ORCHESTRA CONCERTS

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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 $303,707

Program Service Revenue $106,055

Investment Income $2,834

Other Revenue $0

TOTAL REVENUE $412,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,184

Fundraising Expenses $0

Program Expenses $254,556

Other Expenses $352,277

TOTAL EXPENSES $394,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$412,596	$366,821	+0.1%
Expenses	$394,461	$454,910	-0.1%
Net Income	$18,135	$-88,089	-1.2%

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

Total Directors

$85,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SPRINGER	TRUSTEE	2.00	Director	$0	$0	$0
DAVID COMMANDAY	TRUSTEE	25.00	Director	$85,000	$0	$85,000
TERI COOK	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
EVAN TAMMEN	MUSICIAN REPRESENTATIVE	2.00	Director	$0	$0	$0
RUTH BITTNER	TREASURER	3.00	Director	$0	$0	$0
SETH DAVIS	TRUSTEE	2.00	Officer Director	$0	$0	$0
KRISTIN WHITAKER	TRUSTEE	2.00	Director	$0	$0	$0
LEE MAKI	SECRETARY	2.00	Officer Director	$0	$0	$0
CONNIE WANG	TRUSTEE	2.00	Director	$0	$0	$0
LANCE ROGERS	PRESIDENT	12.00	Officer 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	$412,596	$394,461	$252,442	$18,135
2024	$366,821	$454,910	$215,425	$-88,089
2023	$538,726	$455,391	$306,672	$83,335
2022	$394,836	$424,974	$226,995	$-30,138
2021	$348,777	$365,221	$255,225	$-16,444
2020	$308,082	$372,241	$258,405	$-64,159
2020	$308,082	$372,241	$258,405	$-64,159
2019	$421,853	$447,425	$372,129	$-25,572

HEARTLAND FESTIVAL ORCHESTRA