HEARTLAND COMMUNITY THEATRE (EIN 431835524) - 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

1997

Principal Officer

LINDA FREESE

Phone

6608856828

Tax Period

2023-07-01 to 2024-06-30

HEARTLAND COMMUNITY THEATRE, founded in 1997, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $47K in total revenue in fiscal year 2023. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16K, a strong 35% operating margin.

Mission

SECURE A THEATRE FOR THE COMMUNITY

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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 $0

Program Service Revenue $14,020

Investment Income $0

Other Revenue $32,907

TOTAL REVENUE $46,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,552

Other Expenses $30,552

TOTAL EXPENSES $30,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,927	$23,702	+1.0%
Expenses	$30,552	$22,089	+0.4%
Net Income	$16,375	$1,613	+9.2%

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

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
ROB HILLS	CHAIRMAN	N/A	Director	$0	$0	$0
JANET SMITH	SECRETARY	N/A	Director	$0	$0	$0
LINDA FREESE	TREASURER	N/A	Officer Director	$0	$0	$0
JOAN FERNANDEZ	MEMBER AT LA	N/A	Director	$0	$0	$0
VON SCHMIDT	MEMBER AT LA	N/A	Director	$0	$0	$0
DANA WYATT	MEMBER AT LA	N/A	Director	$0	$0	$0
MIKE ROELKER	MEMBER AT LA	N/A	Director	$0	$0	$0
KAREN SWITZER	MEMBER AT LA	N/A	Director	$0	$0	$0
CHAD MULLINS	MEMBER AT LA	N/A	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
2024	$46,927	$30,552	$569,175	$16,375
2023	$23,702	$22,089	$552,800	$1,613
2022	$17,920	$44,952	$551,187	$-27,032
2021	$18,375	$11,019	$578,219	$7,356
2020	$60,589	$26,080	$570,863	$34,509
2019	$26,295	$22,301	$536,354	$3,994
2018	$69,163	$28,643	$532,360	$40,520

HEARTLAND COMMUNITY THEATRE