HEARTLAND MUSEUM FOUNDATION INC (EIN 421484808) - 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

1999

Legal Domicile

Principal Officer

MELODY LAGER

Tax Period

2023-01-01 to 2023-12-31

HEARTLAND MUSEUM FOUNDATION INC, founded in 1999, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $91K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42K, a strong 46% operating margin.

Mission

TO TELL THE STORY OF AGRICULTURE IN NORTH CENTRAL IOWA, TO PRESERVE SOME LOCAL COLLECTIONS, AND TO PROVIDE FACILITIES FOR THE MUSEUM AND COMMUNITY.

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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 $46,988

Program Service Revenue $20,268

Investment Income $23,893

Other Revenue $0

TOTAL REVENUE $91,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,325

Fundraising Expenses $365

Program Expenses $32,542

Other Expenses $41,278

TOTAL EXPENSES $49,603

Year-over-Year Comparison

	2023	2022	Change
Revenue	$91,149	$63,972	+0.4%
Expenses	$49,603	$49,344	+0.0%
Net Income	$41,546	$14,628	+1.8%

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
BRENDA GRUMMITT	BOARD MEMBER	0.00	Director	$0	$0	$0
MAURICE RILEY	BOARD MEMBER	0.00	Director	$0	$0	$0
CAROL TOWNSEND	BOARD MEMBER	0.00	Director	$0	$0	$0
JIM HALL	BOARD MEMBER	0.00	Director	$0	$0	$0
SONNA JOHNSON	BOARD MEMBER	0.00	Director	$0	$0	$0
DOUG RILEY	BOARD MEMBER	0.00	Director	$0	$0	$0
SHERRI OBRIEN	BOARD MEMBER	0.00	Director	$0	$0	$0
LINDA KLEHM	BOARD MEMBER	0.00	Director	$0	$0	$0
DAN ODLAND	BOARD MEMBER	0.00	Director	$0	$0	$0
TERRY HILPIPRE	TREASURER	0.00	Officer Director	$0	$0	$0
MELODY LAGER	PRESIDENT	15.00	Officer Director Highest	$0	$0	$0
MELANIE MAASDAM	SECRETARY	0.00	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
2024	No data	No data	No data	No data
2023	$91,149	$49,603	$1,365,989	$41,546
2022	$63,972	$49,344	$1,324,443	$14,628
2021	$82,985	$68,494	$1,309,815	$14,491
2020	$168,075	$56,230	$1,294,715	$111,845
2019	$75,853	$54,133	$1,183,170	$21,720
2018	$94,998	$76,873	$1,158,851	$18,125

HEARTLAND MUSEUM FOUNDATION INC