HEARTLAND COMMUNITY COLLEGE FOUNDATION

EIN: 371288368 501(c)(3)

NORMAL, IL

Total Revenue
$2,504,050
Total Expenses
$2,475,914
Total Assets
$17,470,288
Net Assets
$17,356,738
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
IL
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.

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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%)

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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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
33
Independent Members
33
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
6
$0
Total Directors
33
$0
Key Employees
0
$0
Highest Compensated
0
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
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