HEARTLAND INDUSTRIES INC (EIN 430987614) - 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

1974

Legal Domicile

Principal Officer

MIKE MACAULEY

Phone

3144877200

Tax Period

2024-07-01 to 2025-06-30

HEARTLAND INDUSTRIES INC, founded in 1974, is a community nonprofit in the Employment sector that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

SHELTERED WORKSHOP

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,659,079

Program Service Revenue $1,292,163

Investment Income $53,010

Other Revenue $17,840

TOTAL REVENUE $3,022,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,279,651

Fundraising Expenses $4,858

Program Expenses $2,480,197

Other Expenses $679,770

TOTAL EXPENSES $2,959,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,022,092	$2,623,720	+0.2%
Expenses	$2,959,421	$2,689,152	+0.1%
Net Income	$62,671	$-65,432	-2.0%

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

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

186

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

$115,977

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN HASTING	TREASURER	1.00	Officer Director	$0	$0	$0
TOM BROWN	SECETARY	1.00	Officer Director	$0	$0	$0
JIM BREITENSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON SEDLACK	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
EILEEN COLE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HOWE	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIN MERKLE	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY PAUL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN VOLLMER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KRISTIN MCMAHON	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY METZNER	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL OBERLE	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE MACAULEY	EXECUTIVE DIRECTOR	40.00	Officer	$112,485	$3,492	$115,977

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	$3,022,092	$2,959,421	$5,939,479	$62,671
2024	$2,623,720	$2,689,152	$5,871,659	$-65,432
2023	$2,389,390	$2,431,273	$5,909,247	$-41,883
2022	$2,694,195	$2,252,402	$5,948,247	$441,793
2021	$2,453,795	$2,113,176	$5,776,838	$340,619
2020	$1,831,765	$2,220,797	$5,428,925	$-389,032
2019	$2,321,513	$2,329,251	$5,513,067	$-7,738

HEARTLAND INDUSTRIES INC