HEARTLAND CHILD NUTRITION INC (EIN 450383240) - 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

1984

Legal Domicile

Principal Officer

RACHEL TETZLOFF

Phone

7012500140

Tax Period

2023-10-01 to 2024-09-30

HEARTLAND CHILD NUTRITION INC, founded in 1984, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

SPONSOR OF THE US DEPARTMENT OF AGRICULTURE CHILD AND ADULT FOOD PROGRAM IN NORTH DAKOTA. THROUGH THIS PROGRAM, HEARTLAND REIMBURSES MEALS AND SNACKS SERVED TO CHILDREN IN LICENSED CHILD CARE HOMES; MONITORS THE CHILD CARE HOMES AND FOOD SERVED TO CHILDREN. EDUCATE PROVIDERS ON GOOD NUTRITION.

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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 $4,504,610

Investment Income $0

Other Revenue $12,542

TOTAL REVENUE $4,517,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $381,624

Fundraising Expenses $0

Program Expenses $3,991,109

Other Expenses $4,181,677

TOTAL EXPENSES $4,563,301

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,517,152	$5,241,493	-0.1%
Expenses	$4,563,301	$5,278,457	-0.1%
Net Income	$-46,149	$-36,964	+0.2%

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

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

$85,274

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DORLEEN WOLBAUM	EXECUTIVE DI	40.00	Officer	$66,105	$19,169	$85,274
JENNIFER BARRY	PRESIDENT	0.50	Director	$0	$0	$0
WILL SWANSON	VICE-PRESIDE	0.50	Director	$0	$0	$0
ADAM DEVER	DIRECTOR	0.50	Director	$0	$0	$0
RACHEL TETZLOFF	EXEC DIR-EFF	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
2024	$4,517,152	$4,563,301	$482,344	$-46,149
2023	$5,241,493	$5,278,457	$576,708	$-36,964
2022	$4,795,543	$4,810,342	$616,858	$-14,799
2021	$3,932,118	$3,906,773	$663,920	$25,345
2020	$3,086,209	$3,082,751	$405,865	$3,458

HEARTLAND CHILD NUTRITION INC