THE PEOPLES HEARTLAND FOUNDATION (EIN 452532001) - 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

2012

Legal Domicile

Principal Officer

ERNEST H RICHARDSON

Phone

7852826682

Tax Period

2024-01-01 to 2024-12-31

THE PEOPLES HEARTLAND FOUNDATION, founded in 2012, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 81% operating margin.

Mission

TO ESTABLISH AND OPERATE A CHARITABLE AND EDUCATIONAL ORGANIZATION FOR USE BY PEOPLE TO CARRY OUT THEIR CHARITABLE AND EDUCATIONAL DESIRES

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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 $1,977,411

Program Service Revenue $65

Investment Income $433,289

Other Revenue $5,486

TOTAL REVENUE $2,416,251

Expense Breakdown

Grants Paid $393,912

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $438,973

Other Expenses $60,152

TOTAL EXPENSES $454,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,416,251	$1,456,916	+0.7%
Expenses	$454,064	$314,581	+0.4%
Net Income	$1,962,187	$1,142,335	+0.7%

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
ERNEST H RICHARDSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK MCCLAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
THAD HENRY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE LOOMIS	BOARD MEMBER	1.00	Director	$0	$0	$0
KAYLENE HELLER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK WATTS	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE CURTIS	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
LORI BORTZ	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
ALEX SMITH	TREASURER	1.00	Officer	$0	$0	$0
LINDSAY COX	SECRETARY	1.00	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	$2,416,251	$454,064	$11,741,745	$1,962,187
2023	$1,456,916	$314,581	$9,779,558	$1,142,335
2022	$5,438,766	$148,593	$8,637,223	$5,290,173
2021	$905,701	$319,870	$3,347,050	$585,831
2020	$575,374	$104,307	$2,761,219	$471,067
2019	$1,109,539	$197,373	$2,290,152	$912,166
2018	$66,764	$29,457	$1,127,847	$37,307
2018	$316,903	$29,457	$1,377,986	$287,446

THE PEOPLES HEARTLAND FOUNDATION