IOWA HEARTLAND CREDIT UNION (EIN 426056983) - 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

1932

Legal Domicile

Principal Officer

CINDY STEPHENSON

Phone

6414245391

Tax Period

2023-01-01 to 2023-12-31

IOWA HEARTLAND CREDIT UNION, founded in 1932, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $257K, a strong 23% operating margin.

Mission

THE ORGANIZATION PROVIDES LOANS AND SAVINGS AND CHECKING ACCOUNTS FOR THEIR MEMBERS.

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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 $0

Program Service Revenue $670,215

Investment Income $325,688

Other Revenue $117,119

TOTAL REVENUE $1,113,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $339,603

Fundraising Expenses $0

Program Expenses $856,043

Other Expenses $516,440

TOTAL EXPENSES $856,043

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,113,022	$880,338	+0.3%
Expenses	$856,043	$780,678	+0.1%
Net Income	$256,979	$99,660	+1.6%

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

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

$96,366

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT HAND	CHAIRPERSON	0.30	Officer Director	$0	$0	$0
JENNIFER MOBLEY	VICE CHAIRPERSON	0.30	Officer Director	$0	$0	$0
BRIAN JANSSEN	SECRETARY	0.30	Officer Director	$0	$0	$0
JUSTIN HOEFT	TREASURER	0.30	Officer Director	$0	$0	$0
SAMARA TRENARY	AUDIT CHAIRPERSON	0.30	Director	$0	$0	$0
DARYL JOHNSON	DIRECTOR	0.30	Director	$0	$0	$0
LARRY BEHRENDS	DIRECTOR	0.30	Director	$0	$0	$0
AARON BEAVER	DIRECTOR	0.30	Director	$0	$0	$0
BOB AUSTIN	DIRECTOR	0.30	Director	$0	$0	$0
LOGAN BAHLER	DIRECTOR	0.30	Director	$0	$0	$0
ALEX CRIPPIN	DIRECTOR	0.30	Director	$0	$0	$0
CYNTHIA STEPHENSON	CEO	43.00	Officer	$76,392	$19,974	$96,366

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	$1,113,022	$856,043	$28,088,471	$256,979
2022	$880,338	$780,678	$29,358,814	$99,660
2021	$811,907	$787,883	$27,885,437	$24,024
2020	$894,363	$839,056	$25,175,622	$55,307
2019	$928,944	$825,442	$21,985,734	$103,502
2018	$909,715	$808,551	$22,474,223	$101,164

IOWA HEARTLAND CREDIT UNION