Heartland Foundation (EIN 431262768) - 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

1982

Legal Domicile

Phone

8162717070

Tax Period

2023-07-01 to 2024-06-30

Heartland Foundation, founded in 1982, is a community nonprofit in the Health Care sector that reported $7.7M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.1M, a strong 53% operating margin.

Mission

MOSAIC LIFE CARE FOUNDATION UPLIFTS LIFELONG LEARNING, COMMUNITY INVOLVEMENT AS THE KEY INDICATORS TO HEALTHY AND PROSPEROUS INDIVIDUALS, FAMILIES, ORGANIZATIONS, AND COMMUNITIES.

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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 $5,168,980

Program Service Revenue $0

Investment Income $2,436,307

Other Revenue $86,529

TOTAL REVENUE $7,691,816

Expense Breakdown

Grants Paid $706,460

Salaries & Benefits $1,254,252

Fundraising Expenses $441,711

Program Expenses $2,782,727

Other Expenses $1,644,910

TOTAL EXPENSES $3,605,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,691,816	$9,650,520	-0.2%
Expenses	$3,605,622	$5,476,592	-0.3%
Net Income	$4,086,194	$4,173,928	0.0%

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

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

$2,753,534

Total Directors

$1,179,330

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John M Poore	Trustee/CEO	1.0	Officer Director	$0	$39,911	$1,176,830
Andrea Robinson	Trustee	1.0	Director	$0	$0	$0
David Richmond	Trustee	1.0	Director	$0	$0	$0
Elizabeth Kennedy PHD	Trustee	1.0	Director	$0	$0	$2,500
Emily Hilsabeck	Trustee	1.0	Director	$0	$0	$0
Fiona Sansone	Trustee	1.0	Director	$0	$0	$0
Jeanne Daffron PHD	Trustee	1.0	Director	$0	$0	$0
Jeni Doolittle	Trustee	1.0	Director	$0	$0	$0
Jerry McMillen	Trustee	1.0	Director	$0	$0	$0
Jody Carlson	Trustee	1.0	Director	$0	$0	$0
Julie Korell	Trustee	1.0	Director	$0	$0	$0
Kailey Smith	Trustee	1.0	Director	$0	$0	$0
Kate Tucker	Trustee	1.0	Director	$0	$0	$0
Lee Tieman	Trustee	1.0	Director	$0	$0	$0
Lenny Klaver ED D	Trustee	1.0	Director	$0	$0	$0
Linda Smith PHD	Trustee	1.0	Director	$0	$0	$0
Matt Staley	Trustee	1.0	Director	$0	$0	$0
Michelle Clark	Trustee	1.0	Director	$0	$0	$0
Randy Roth	Trustee	1.0	Director	$0	$0	$0
Rocky Massin	Trustee	1.0	Director	$0	$0	$0
Todd Joe	Trustee	1.0	Director	$0	$0	$0
Davin Turner DO	Secretary	1.0	Officer	$0	$43,162	$688,661
Drew Keesbury	CFO/Treasurer	1.0	Officer	$0	$17,432	$476,604
Hannah O'Byrne	Assistant Secretary	40.0	Officer	$47,129	$31,831	$78,960
Julie Gaddie PHD	President	40.0	Officer	$277,514	$54,965	$332,479
Christina Lund	Director of Foundation Regional Relations	40.0	Highest	$134,010	$14,015	$148,025
Devran R Brower	Director of Program Operations Foundation	40.0	Highest	$102,015	$35,107	$137,122
Mark Laney MD	Former Trustee/CEO	0.0		$0	$0	$1,061,154
Michael Pulido	Former Secretary	0.0		$0	$20,738	$611,076
Thomas Bieterman	Former CFO/Treasurer	0.0		$0	$12,817	$198,677

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	$7,691,816	$3,605,622	$45,411,105	$4,086,194
2023	$9,650,520	$5,476,592	$39,752,970	$4,173,928
2022	$5,777,866	$3,515,962	$32,745,854	$2,261,904
2021	$5,374,582	$2,575,321	$38,600,184	$2,799,261
2020	$5,169,314	$3,368,840	$31,003,747	$1,800,474
2019	$4,408,433	$2,537,579	$29,835,793	$1,870,854
2018	$2,676,324	$2,429,518	$29,350,657	$246,806

Heartland Foundation