HEARTLAND PHILANTHROPY INC

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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

2002

Legal Domicile

Principal Officer

RICHARD M BOURQUE

Phone

3082844165

Tax Period

2021-01-01 to 2021-12-31

HEARTLAND PHILANTHROPY INC, founded in 2002, is a micro nonprofit that reported $35K in total revenue in fiscal year 2021. Revenue surged 480% from the prior year, signaling strong growth momentum. Expenses of $62K exceeded revenue, resulting in a 79% operating deficit.

Mission

TO ENCOURAGE PERSONS TO DONATE TO THE CORPORATION TO BE USED EXCLUSIVELY TO PROMOTE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES FOR VARIOUS ORGANIZATIONS

Program Service Accomplishments

Program 1

Expenses: $55,893

HEARTLAND PHILANTHROPY LIQUIDATED OPERATIONS IN 2021

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $34,829

Other Revenue $0

TOTAL REVENUE $34,829

Expense Breakdown

Grants Paid $52,414

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,893

Other Expenses $9,979

TOTAL EXPENSES $62,393

Year-over-Year Comparison

	2021	2020	Change
Revenue	$34,829	$6,001	+4.8%
Expenses	$62,393	$20,012	+2.1%
Net Income	$-27,564	$-14,011	+1.0%

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

N/A

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD M BOURQUE	DIRECTOR	3.00	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
2021	$34,829	$62,393	No data	$-27,564
2020	$6,001	$20,012	$27,564	$-14,011
2019	$45,260	$68,204	$41,575	$-22,944
2018	$91,049	$61,233	$64,519	$29,816