HEARTLAND CENTER FOR LEADERSHIP DEVELOPMENT (EIN 470692706) - 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

1987

Legal Domicile

Principal Officer

MILAN WALL

Phone

4024747667

Tax Period

2024-03-01 to 2025-02-28

HEARTLAND CENTER FOR LEADERSHIP DEVELOPMENT, founded in 1987, is a small nonprofit in the Public & Societal Benefit sector that reported $183K in total revenue in fiscal year 2024. Expenses of $166K left a modest 10% surplus.

Mission

RURAL AREA LEADERSHIP TRAINING

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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 $0

Program Service Revenue $169,072

Investment Income $14,200

Other Revenue $24

TOTAL REVENUE $183,296

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,642

Other Expenses $165,500

TOTAL EXPENSES $165,500

Year-over-Year Comparison

	2024	2023	Change
Revenue	$183,296	$187,077	0.0%
Expenses	$165,500	$187,362	-0.1%
Net Income	$17,796	$-285	-63.4%

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

$97,215

Total Directors

$75,275

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK HERNANDEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ROD ARMSTRONG	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CRAIG SCHROEDER	PRESIDENT	1.00	Officer Director	$75,275	$0	$75,275
JAMES CALVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY EMERY	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDSAY HASTINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
RESHELL RAY	BOARD MEMBER	1.00	Director	$0	$0	$0
TED HIBBELER	BOARD MEMBER	1.00	Director	$0	$0	$0
MILAN WALL	CO-DIRECTOR	1.00	Officer	$0	$0	$21,940
VICKI LUTHER	CO-DIRECTOR	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
2025	$183,296	$165,500	$111,611	$17,796
2024	$187,077	$187,362	$110,346	$-285
2023	$246,512	$231,980	$96,106	$14,532
2022	$194,328	$185,852	$103,662	$8,476
2021	$171,030	$169,026	$104,257	$2,004
2020	$186,432	$189,664	$95,923	$-3,232
2019	$136,014	$159,284	$108,265	$-23,270

HEARTLAND CENTER FOR LEADERSHIP DEVELOPMENT