HEARTLAND FOUNDATION (EIN 470768207) - 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

1994

Legal Domicile

Phone

4023930345

Tax Period

2024-07-01 to 2025-06-30

HEARTLAND FOUNDATION, founded in 1994, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. The organization ran a surplus of $440K, a strong 25% operating margin.

Mission

PROVIDE EDUCATION TO STUDENTS WITH SPECIAL NEEDS.

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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 $1,696,891

Investment Income $44,437

Other Revenue $0

TOTAL REVENUE $1,741,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $812,257

Fundraising Expenses $0

Program Expenses $1,301,456

Other Expenses $489,199

TOTAL EXPENSES $1,301,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,741,328	$1,731,376	+0.0%
Expenses	$1,301,456	$1,320,034	0.0%
Net Income	$439,872	$411,342	+0.1%

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
MARY QUIROZ	PRINCIPALDIRECTOR	40.00	Highest	$122,674	$7,360	$130,034
DR WES GALUSHA	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL WEIDNER	CHAIRPERSON	1.00	Director	$0	$0	$0
DAYTON HEADLEE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW LEAVITT	BOARD MEMBER	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
2025	$1,741,328	$1,301,456	$3,783,388	$439,872
2024	$1,731,376	$1,320,034	$3,419,027	$411,342
2023	$1,364,573	$1,341,177	$3,080,678	$23,396
2022	$1,344,132	$1,283,418	$3,127,861	$60,714
2021	$1,473,953	$1,295,135	$3,135,338	$178,818
2020	$1,402,530	$1,236,813	$3,018,795	$165,717

HEARTLAND FOUNDATION