HEARTLAND INDEPENDENT LIVING CENTER INC (EIN 431926913) - 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

2004

Legal Domicile

Phone

5734375100

Tax Period

2024-07-01 to 2025-06-30

HEARTLAND INDEPENDENT LIVING CENTER INC, founded in 2004, is a community nonprofit in the Housing & Shelter sector that reported $3.1M in total revenue in fiscal year 2024. Expenses of $3.8M exceeded revenue, resulting in a 23% operating deficit.

Mission

HEARTLAND INDEPENDENT LIVING CENTER, INC. WAS ORGANIZED TO PROVIDE PROGRAMS AND SERVICES FOR PEOPLE WITH DISABILITIES IN ORDER FOR THEM TO BECOME MORE INDEPENDENT, OR SO THAT THEY CAN MAINTAIN LIVES INDEPENDENTLY IN THEIR OWN HOME.

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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 $283,077

Program Service Revenue $2,769,800

Investment Income $7,798

Other Revenue $50,578

TOTAL REVENUE $3,111,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,310,482

Fundraising Expenses $0

Program Expenses $3,575,181

Other Expenses $517,517

TOTAL EXPENSES $3,827,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,111,253	$3,025,140	+0.0%
Expenses	$3,827,999	$3,761,753	+0.0%
Net Income	$-716,746	$-736,613	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

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
JESSICA FRAHM	EXECUTIVE DIRECTOR	40.00		$131,995	$0	$131,995
KERRY DILKS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES BRINKMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DENNY HUFF	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMIE MERCER	SECRETARY	1.00	Officer 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
2025	$3,111,253	$3,827,999	$1,898,405	$-716,746
2024	$3,025,140	$3,761,753	$2,199,595	$-736,613
2023	$3,376,461	$2,979,954	$2,582,569	$396,507
2022	$2,069,322	$2,026,868	$2,130,293	$42,454
2021	$2,325,800	$2,021,289	$2,090,120	$304,511
2020	$2,363,109	$2,252,020	$2,288,950	$111,089
2019	$2,372,797	$2,383,021	$2,037,681	$-10,224
2018	$2,303,184	$2,335,136	$2,057,592	$-31,952

HEARTLAND INDEPENDENT LIVING CENTER INC