HEARTLAND EDUCATION COMMUNITY 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

1993

Legal Domicile

Principal Officer

MICHAEL JARRETT

Phone

3306820099

Tax Period

2024-01-01 to 2024-12-31

HEARTLAND EDUCATION COMMUNITY INC, founded in 1993, is a small nonprofit that reported $239K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $56K, a strong 23% operating margin.

Mission

COMMUNITY SERVICES

Program Service Accomplishments

Program 1

Expenses: $179,924 Revenue: $40

MEMBERS OF THE HEARTLAND EDUCATION COMMUNITY, INC. CONTINUE TO WORK ON PROJECTS IDENTIFIED DURING AN ANNUAL STRATEGIC PLANNING PROCESS. THE PLANS WILL HELP THE ORRVILLE COMMUNITY MEET THE NATIONAL...

MEMBERS OF THE HEARTLAND EDUCATION COMMUNITY, INC. CONTINUE TO WORK ON PROJECTS IDENTIFIED DURING AN ANNUAL STRATEGIC PLANNING PROCESS. THE PLANS WILL HELP THE ORRVILLE COMMUNITY MEET THE NATIONAL EDUCATION GOALS. CHARACTER EDUCATION, TEACHER TRAINING, EARLY CHILDHOOD INITIATIVES, THE ORRVIEWS COMMUNITY NEWSPAPER PROJECT ARE AREAS OF PROJECT EMPHASIS.OUR PURPOSE-TO ENGAGE THE ENTIRE COMMUNITY IN THE EDUCATION OF ORRVILLE YOUTH BY SHIFTING THE FOCUS FROM SCHOOL TO EDUCATION AND RESPONSIBILITY FROM SCHOOL TO COMMUNITY. PILLARS-VOLUNTEER LED/ CONNECTING RESOURCES/REMOVING OBSTACLES/CREATING OPPORTUNITIES. FIVE BASIC PILLARS-THE FIVE CS: COMMUNITY/CONNECTING LEARNING TO LIFE/CRITICAL THINKING/CHARACTER DEVELOPMENT/CONTINUOUS IMPROVEMENT.

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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 $176,059

Program Service Revenue $0

Investment Income $63,152

Other Revenue $40

TOTAL REVENUE $239,251

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $33,493

Fundraising Expenses $0

Program Expenses $179,924

Other Expenses $149,123

TOTAL EXPENSES $183,616

Year-over-Year Comparison

	2024	2023	Change
Revenue	$239,251	$556,868	-0.6%
Expenses	$183,616	$308,490	-0.4%
Net Income	$55,635	$248,378	-0.8%

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
W MICHAEL JARRETT	PRESIDENT/CHAIR	1.30	Officer Director	$0	$0	$0
STEVEN DOTTERER	TREASURER	3.00	Officer Director	$0	$0	$0
BRITTANY STEINER	SECRETARY	1.40	Officer Director	$0	$0	$0
TIMOTHY SMUCKER	TRUSTEE	2.00	Director	$0	$0	$0
JON RITCHIE	TRUSTEE	0.50	Director	$0	$0	$0
DAVID YONTO	TRUSTEE	0.30	Director	$0	$0	$0
THOMAS HILLER	TRUSTEE	0.70	Director	$0	$0	$0
EDDIE STEINER	TRUSTEE	0.20	Director	$0	$0	$0
BRETT LANZ	TRUSTEE	1.00	Director	$0	$0	$0
BEVERLY WASEMAN	TRUSTEE	15.00	Director	$0	$0	$0
MOLLIE CURIE	TRUSTEE	1.00	Highest	$31,000	$0	$31,000
SARA REITH	TRUSTEE	1.50	Director	$0	$0	$0
DAVID TOTH	TRUSTEE	0.50	Director	$0	$0	$0
JOHN NICHOLAS	TRUSTEE	0.50	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	No data	No data	No data	No data
2024	$239,251	$183,616	$1,461,061	$55,635
2023	$556,868	$308,490	$1,348,709	$248,378
2022	$186,363	$299,654	$1,095,638	$-113,291
2022	$186,363	$299,653	$1,095,638	$-113,290
2021	$322,455	$462,935	$1,212,031	$-140,480
2020	$381,562	$355,021	$1,360,150	$26,541