HEARTLAND COMMUNITY COLLEGE FOUNDA… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

MELISSA MARX

Phone

3092688143

Tax Period

2023-07-01 to 2024-06-30

HEARTLAND COMMUNITY COLLEGE FOUNDATION, founded in 1992, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Net assets of $17.4M represent 83 months of operating reserves.

Mission

TO ASSIST IN DEVELOPING AND INCREASING THE FACILITIES OF HEARTLAND COMMUNITY COLLEGE AND PROVIDING SCHOLARSHIPS TO HCC STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $1,965,117 Revenue: $900

SCHOLARSHIPS PROVIDED TO HEARTLAND COMMUNITY COLLEGE STUDENTS BASED ON RESTRICTIONS SET FORTH BY DONORS AND PROGRAM DONATIONS TO HEARTLAND COMMUNITY COLLEGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,063,748

Program Service Revenue $0

Investment Income $547,128

Other Revenue $-106,826

TOTAL REVENUE $2,504,050

Expense Breakdown

Grants Paid $1,843,919

Salaries & Benefits $0

Fundraising Expenses $124,461

Program Expenses $1,965,117

Other Expenses $631,995

TOTAL EXPENSES $2,475,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,504,050	$7,788,928	-0.7%
Expenses	$2,475,914	$1,432,417	+0.7%
Net Income	$28,136	$6,356,511	-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

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
MELISSA MARX	CHAIR	2.00	Officer Director	$0	$0	$0
DONNY BOUNDS	FIRST VICE CHAIR	2.00	Officer Director	$0	$0	$0
KIRK MCCULLICK	SECOND VICE CHAIR	2.00	Officer Director	$0	$0	$0
NOAH LAMB	SECRETARY-TREASURER	2.00	Officer Director	$0	$0	$0
DON ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
JACOB BAKER	DIRECTOR	1.00	Director	$0	$0	$0
VICKI BERG	DIRECTOR	1.00	Director	$0	$0	$0
GREG BIRKY	DIRECTOR	1.00	Director	$0	$0	$0
SHELLEIGH BIRLINGMAIR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
ANDY COPENHAVER	DIRECTOR	1.00	Director	$0	$0	$0
JAKE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA DONOVAN	DIRECTOR	1.00	Director	$0	$0	$0
JANELLE HENKEL	DIRECTOR	1.00	Director	$0	$0	$0
BEN JEFFREYS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KRAMER	DIRECTOR	1.00	Director	$0	$0	$0
JENNY LARKIN	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL LOGUE	DIRECTOR	1.00	Director	$0	$0	$0
DEAN MESSINGER	DIRECTOR	1.00	Director	$0	$0	$0
MARK MUEHLECK	DIRECTOR	1.00	Director	$0	$0	$0
MARY JO MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
MARY K PENN	DIRECTOR	1.00	Director	$0	$0	$0
LISA PITTMAN	DIRECTOR	1.00	Director	$0	$0	$0
SARAH POWELL	DIRECTOR	1.00	Director	$0	$0	$0
BARRY REILLY	DIRECTOR	1.00	Director	$0	$0	$0
SIM SANDHU	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SEEHUUS	DIRECTOR	1.00	Director	$0	$0	$0
JOE STRUPEK	DIRECTOR	1.00	Director	$0	$0	$0
ALLEGRA THIGPEN	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE WOOD	DIRECTOR	1.00	Director	$0	$0	$0
SETH ZELLER	DIRECTOR	1.00	Director	$0	$0	$0
KEITH CORNILLE	EX OFFICIOS	1.00	Director	$0	$0	$0
BECKY ROPP	EX OFFICIOS	1.00	Director	$0	$0	$0
CHRIS DOWNING	EXECUTIVE DIRECTOR	10.00	Officer	$0	$0	$0
LAURA HUGHS	CONTROLLER	2.00	Officer	$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	$2,504,050	$2,475,914	$17,470,288	$28,136
2023	$7,788,928	$1,432,417	$16,682,439	$6,356,511
2022	$2,547,010	$1,081,791	$9,775,060	$1,465,219
2021	$1,537,200	$861,787	$10,093,195	$675,413
2020	$1,529,986	$1,120,150	$7,867,124	$409,836
2019	$1,294,396	$1,015,534	$7,501,149	$278,862

HEARTLAND COMMUNITY COLLEGE FOUNDATION