Heartland Initiative Inc

EIN: 471138215 501(c)(3) International Affairs

Michigan City, IN

Total Revenue
$473,013
Total Expenses
$368,746
Total Assets
$532,208
Net Assets
$342,303
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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
2014
Legal Domicile
IN
Principal Officer
Samuel Jones
Phone
2023066127
Tax Period
2024-01-01 to 2024-12-31

Heartland Initiative Inc, founded in 2014, is a small nonprofit in the International Affairs sector that reported $473K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $104K, a strong 22% operating margin.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,000
Program Service Revenue $455,321
Investment Income $2,809
Other Revenue $11,883
TOTAL REVENUE $473,013

Expense Breakdown

Grants Paid $0
Salaries & Benefits $193,883
Fundraising Expenses $0
Program Expenses $340,812
Other Expenses $174,863
TOTAL EXPENSES $368,746

Year-over-Year Comparison

2024 2023 Change
Revenue $473,013 $249,531 +0.9%
Expenses $368,746 $264,766 +0.4%
Net Income $104,267 $-15,235 -7.8%
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

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Governance

Voting Members
4
Independent Members
3
Employees
2
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
0
$0
Total Directors
4
$89,850
Key Employees
1
$89,850
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Samuel Jones President 40.00
Director Key Emp
$89,850 $0 $89,850
Patricia Zerega Secretary 0.00
Director
$0 $0 $0
Natasha Olinger Board Member 0.00
Director
$0 $0 $0
Isedua Oribhabor Board Member 0.00
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 $473,013 $368,746 $532,208 $104,267
2023 $249,531 $264,766 $610,988 $-15,235
2022 $286,983 $250,986 $256,241 $35,997
2021 $305,167 $219,930 $220,674 $85,237
2020 $168,227 $171,541 $135,452 $-3,314
2018 $256,423 $254,990 $154,870 $1,433
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