Heartland Senior Living (EIN 463675050) - 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

2017

Legal Domicile

Principal Officer

WILLIAM ERICKSON

Phone

5078933171

Tax Period

2023-01-01 to 2023-12-31

Heartland Senior Living, founded in 2017, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $12.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

Heartland Senior Living is a nonprofit senior living service provider.

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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 $549,106

Program Service Revenue $10,128,065

Investment Income $6,538

Other Revenue $222,283

TOTAL REVENUE $10,905,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,346,537

Fundraising Expenses $0

Program Expenses $10,733,558

Other Expenses $5,775,013

TOTAL EXPENSES $12,121,550

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,905,992	$9,827,137	+0.1%
Expenses	$12,121,550	$11,019,579	+0.1%
Net Income	$-1,215,558	$-1,192,442	+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

245

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

$198,911

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heather Hardt	Executive Dir.	40.00	Officer	$120,900	$0	$120,900
Elizabeth Callahan	Executive Dir.	40.00	Officer	$78,011	$0	$78,011
William Erickson	President	1.00	Officer Director	$0	$0	$0
William Suppalla	Vice President	1.00	Officer Director	$0	$0	$0
Jean Anderson	Treasurer	1.00	Officer Director	$0	$0	$0
James Ness	Director	1.00	Director	$0	$0	$0
Kathy Blair	Director	1.00	Director	$0	$0	$0
Karen Weihe	Director	1.00	Director	$0	$0	$0
Yvonne Noorlun	Director	1.00	Director	$0	$0	$0
William Groskreutz	Director	1.00	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	No data	No data	No data	No data
2023	$10,905,992	$12,121,550	$15,905,866	$-1,215,558
2022	$9,827,137	$11,019,579	$15,037,712	$-1,192,442
2021	$9,790,281	$10,209,635	$15,974,858	$-419,354
2020	$10,152,463	$10,600,126	$16,934,121	$-447,663
2019	$8,337,168	$8,248,665	$15,436,413	$88,503
2018	$8,007,125	$9,077,986	$9,024,688	$-1,070,861

Heartland Senior Living