HEARTLAND CREDIT UNION CHARITABLE … - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

LISA ALTHOFF-SIMMONS

Phone

8004425762

Tax Period

2022-01-01 to 2022-12-31

HEARTLAND CREDIT UNION CHARITABLE FOUNDATION INC, founded in 1980, is a small nonprofit that reported $337K in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $318K left a modest 6% surplus.

Mission

THE HEARTLAND CREDIT UNION CHARITABLE FOUNDATION (HCUCF) INVESTS IN AND THROUGH CREDIT UNIONS TO ENHANCE THEIR ABILITY TO SERVE THEIR MEMBERS AND THEIR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $286,850

HCUCF PROVIDES GRANTS, SCHOLARSHIPS AND SERVICES TO SUPPORT THE PROFESSIONAL DEVELOPMENT, CAPACITY BUILDING AND COMMUNITY DEVELOPMENT NEEDS OF CREDIT UNIONS IN MISSOURI AND KANSAS.

Program 2

IN 2023, HEARTLAND CREDIT UNION CHARITABLE FOUNDATION MERGED WITH A LIKE SIZE ORGANIZATION WITH SIMILAR CORE VALUES. THIS OPPORTUNITY WILL DOUBLE THE SIZE OF HEARTLAND CREDIT UNION CHARITABLE...

IN 2023, HEARTLAND CREDIT UNION CHARITABLE FOUNDATION MERGED WITH A LIKE SIZE ORGANIZATION WITH SIMILAR CORE VALUES. THIS OPPORTUNITY WILL DOUBLE THE SIZE OF HEARTLAND CREDIT UNION CHARITABLE FOUNDATION IN BOTH INFRASTRUCTURE AND ASSETS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $184,381

Program Service Revenue $0

Investment Income $7,245

Other Revenue $145,539

TOTAL REVENUE $337,165

Expense Breakdown

Grants Paid $286,850

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $286,850

Other Expenses $30,858

TOTAL EXPENSES $317,708

Year-over-Year Comparison

	2022	2021	Change
Revenue	$337,165	$283,228	+0.2%
Expenses	$317,708	$192,360	+0.7%
Net Income	$19,457	$90,868	-0.8%

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

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

$488,618

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DOUGHERTY	CHAIR	2.00	Officer Director	$0	$0	$0
RICK NICHOLS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JASON PEACH	SECRETARY/TREASUER	2.00	Officer Director	$0	$0	$0
LINDA ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
DEONNE CHRISTENSEN	DIRECTOR	1.00	Director	$0	$0	$0
EVAN WILSON	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA KLIEWER	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY BAUTISTA	DIRECTOR	1.00	Director	$0	$0	$0
JIM STRUBEL	DIRECTOR	1.00	Director	$0	$0	$0
JEAN HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
DAN SPRINGER	DIRECTOR	2.00	Director	$0	$0	$0
LORETTA RONEY	DIRECTOR	2.00	Director	$0	$0	$0
BRAD DOUGLAS FORMER	PRESIDENT & CEO	2.00		$0	$25,074	$512,472
LISA ALTHOFF-SIMMONS	INTERIM CEO	2.00	Officer	$0	$38,549	$318,967
ANDREA ROBINSON	EXC. DIRECTOR OF HCUCF	2.00	Officer	$0	$24,097	$169,651

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
2022	$337,165	$317,708	No data	$19,457
2021	$283,228	$192,360	$807,102	$90,868
2020	$312,758	$226,871	$768,516	$85,887
2019	$284,521	$192,572	$630,449	$91,949
2018	$169,789	$203,584	$569,754	$-33,795

HEARTLAND CREDIT UNION CHARITABLE FOUNDATION INC