Heartland Resources Inc (EIN 431026653) - 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

Phone

5732093600

Tax Period

2023-07-01 to 2024-06-30

Heartland Resources Inc, founded in 1974, is a small nonprofit in the Human Services sector that reported $401K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 22% operating margin.

Mission

SERVICES FOR THE ELDERLY

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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 $194,140

Program Service Revenue $206,410

Investment Income $303

Other Revenue $0

TOTAL REVENUE $400,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,262

Fundraising Expenses $0

Program Expenses $278,957

Other Expenses $163,825

TOTAL EXPENSES $314,087

Year-over-Year Comparison

	2023	2022	Change
Revenue	$400,853	$322,822	+0.2%
Expenses	$314,087	$333,216	-0.1%
Net Income	$86,766	$-10,394	-9.3%

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

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
Brad Davis	Secretary	1.00	Officer Director	$0	$0	$0
Chris Vaughan	Treasurer	1.00	Officer Director	$0	$0	$0
Roy Lewis	Director	1.00	Director	$0	$0	$0
Wilma Atteberry	Director	1.00	Director	$0	$0	$0
Corey Moon	Chairman	1.00	Officer Director	$0	$0	$0
Vicki Chandler	Vice President	1.00	Officer Director	$0	$0	$0
Jim Ellison	Director	1.00	Director	$0	$0	$0
Ann Murphy	Director	1.00	Director	$0	$0	$0
Travelle Whitaker	Director	1.00	Director	$0	$0	$0
Mark Lueckenhoff	Executive Dir.	40.00	Officer	$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
2025	No data	No data	No data	No data
2024	$400,853	$314,087	$149,466	$86,766
2023	$322,822	$333,216	$115,449	$-10,394
2022	$454,250	$496,049	$115,368	$-41,799
2021	$528,172	$506,971	$112,999	$21,201
2020	$499,978	$502,451	$170,693	$-2,473
2019	$500,021	$525,515	$106,716	$-25,494
2018	$690,722	$659,857	$108,770	$30,865

Heartland Resources Inc