HEARTLAND CHARITABLE TRUST

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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

1996

Legal Domicile

Principal Officer

Bruce Lee

Phone

5635892133

Tax Period

2023-01-01 to 2023-12-31

HEARTLAND CHARITABLE TRUST, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $7.7M represent 53 months of operating reserves.

Mission

GRANTS TO CHARITABLE ORGANIZATIONS - THE TRUST GATHERS CONTRIBUTIONS FROM INDIVIDUAL ORGANIZATIONS, THEN HOLDS THESE FUNDS UNTIL DISBURSED TO SEC. 501 (C)(3) ORGANIZATIONS

Program Service Accomplishments

Program 1

Expenses: $1,850,182

TO PROVIDE DONOR ADVISED GRANTS TO CHARITABLE ORGANIZATIONS SCHEDULE ATTACHED.

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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 $835,939

Program Service Revenue $0

Investment Income $917,972

Other Revenue $0

TOTAL REVENUE $1,753,911

Expense Breakdown

Grants Paid $1,850,182

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,850,182

Other Expenses $69,023

TOTAL EXPENSES $1,919,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,753,911	$2,277,429	-0.2%
Expenses	$1,919,205	$1,742,828	+0.1%
Net Income	$-165,294	$534,601	-1.3%

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

N/A

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
BRUCE LEE	TRUSTEE	40.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0		$0	$0	$68,991

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
2023	$1,753,911	$1,919,205	$7,723,659	$-165,294
2022	$2,277,429	$1,742,828	$8,065,160	$534,601
2021	$2,328,587	$1,251,530	$7,530,559	$1,077,057
2020	$2,008,078	$1,743,734	$6,453,502	$264,344
2019	$1,495,954	$1,496,714	$6,189,158	$-760
2018	$2,834,926	$1,284,801	$6,189,919	$1,550,125