HEARTLAND FILM INC (EIN 351832797) - 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

1991

Legal Domicile

Principal Officer

MICHAEL AULT

Phone

3174649405

Tax Period

2024-01-01 to 2024-12-31

HEARTLAND FILM INC, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $2.5M left a modest 5% surplus.

Mission

TO CURATE, PROMOTE AND CELEBRATE THOUGHTFUL AND ENGAGING FILMS FROM DIVERSE PERSPECTIVES.

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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 $1,517,601

Program Service Revenue $514,747

Investment Income $613,345

Other Revenue $1,096

TOTAL REVENUE $2,646,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,104,892

Fundraising Expenses $488,775

Program Expenses $1,252,614

Other Expenses $1,419,482

TOTAL EXPENSES $2,524,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,646,789	$2,849,458	-0.1%
Expenses	$2,524,374	$2,282,543	+0.1%
Net Income	$122,415	$566,915	-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

142

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

$212,405

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM DOLLIN	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
TJ WOODARD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DEWEY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DAVID WONG	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
BETTY STILWELL	DIRECTOR	1.00	Director	$0	$0	$0
FRANK BASILE	DIRECTOR	1.00	Director	$0	$0	$0
VICKI BOHLSEN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL COOK	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CLOSSHEY	DIRECTOR	1.00	Director	$0	$0	$0
GABE CONNELL	TREASURER	1.00	Officer Director	$0	$0	$0
KRISTI LEE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER DARBY	SECRETARY	1.00	Officer Director	$0	$0	$0
FRED LOCKETT	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN HUNT	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MANGIA	DIRECTOR	1.00	Director	$0	$0	$0
SETH MAXWELL	DIRECTOR	1.00	Director	$0	$0	$0
AMY PAUSZEK	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY PAUL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SPOONMORE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HUSAIN	DIRECTOR	1.00	Director	$0	$0	$0
YUNG NGUYEN	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE TOWNSEND	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA PAYNE	DIRECTOR	1.00	Director	$0	$0	$0
BEN SHINE	DIRECTOR	1.00	Director	$0	$0	$0
STAN SODERSTROM	DIRECTOR	1.00	Director	$0	$0	$0
BILL STINSON	DIRECTOR	1.00	Director	$0	$0	$0
VERNON WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLA BOOTH	DIRECTOR	1.00	Director	$0	$0	$0
TIM COOK	DIRECTOR	1.00	Director	$0	$0	$0
PHIL KENNEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL AULT	PRESIDENT/CEO-NONVOTING	40.00	Officer	$212,405	$0	$212,405

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
2024	$2,646,789	$2,524,374	$7,737,920	$122,415
2023	$2,849,458	$2,282,543	$7,635,175	$566,915
2022	$1,643,796	$1,989,310	$6,419,505	$-345,514
2021	$2,956,439	$1,848,189	$7,035,109	$1,108,250
2020	$1,976,631	$1,479,932	$6,436,053	$496,699
2019	$1,830,732	$2,230,384	$5,523,139	$-399,652
2018	$1,743,417	$1,998,029	$5,451,887	$-254,612

HEARTLAND FILM INC