HEARTLAND COMMUNITY CREDIT UNION (EIN 430865324) - 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

1958

Legal Domicile

Principal Officer

EDWARD WATTS

Phone

8163632223

Tax Period

2020-01-01 to 2020-09-30

HEARTLAND COMMUNITY CREDIT UNION, founded in 1958, is a small nonprofit that reported $327K in total revenue in fiscal year 2020. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $458K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $286,335

Investment Income $41,119

Other Revenue $0

TOTAL REVENUE $327,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,260

Fundraising Expenses $0

Other Expenses $372,175

TOTAL EXPENSES $458,435

Year-over-Year Comparison

	2020	2019	Change
Revenue	$327,454	$512,990	-0.4%
Expenses	$458,435	$660,566	-0.3%
Net Income	$-130,981	$-147,576	-0.1%

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

$15,965

Total Directors

$15,965

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVERTON NEIL	PRESIDENT/TREASURER (THRU 3/31/2020)	40.00	Officer Director	$15,965	$0	$15,965
CESLIE HENRY	CHAIRMAN	1.00	Director	$0	$0	$0
JOHN DUNNEWIND	VICE CHAIRMAN	1.00	Director	$0	$0	$0
JUDY ROOT	SECRETARY	1.00	Director	$0	$0	$0
JANET COMSTOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
CRYSTAL MATTHEWS-WATSON	BOARD MEMBER	1.00	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
2020	$327,454	$458,435	No data	$-130,981
2019	$512,990	$660,566	$6,889,434	$-147,576
2018	$571,916	$692,599	$7,311,528	$-120,683

HEARTLAND COMMUNITY CREDIT UNION