HEARTLAND RESOURCE COUNCIL (EIN 472787952) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

RON MCCORMICK

Tax Period

2023-01-01 to 2023-12-31

HEARTLAND RESOURCE COUNCIL, founded in 2014, is a micro nonprofit that reported $140 in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $18K exceeded revenue, resulting in a 12554% operating deficit.

Mission

HEARTLAND RESOURCE COUNCIL WAS FORMED WITH THE INTENTIONS OF HELPING THOSE WITH DISABILITIES TO LIVE A FULL, PRODUCTIVE, INDEPENDENT LIFE. DUE TO EMPLOYEE SHORTAGE IT WAS DECIDED TO CEASE OPERATIONS AND MERGE WITH ANOTHER PROVIDER.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $9

Other Revenue $131

TOTAL REVENUE $140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,287

Other Expenses $17,716

TOTAL EXPENSES $17,716

Year-over-Year Comparison

	2023	2022	Change
Revenue	$140	$1,386	-0.9%
Expenses	$17,716	$2,468	+6.2%
Net Income	$-17,576	$-1,082	+15.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
MYRNA CHEEK	DIRECTOR	1.00	Director	$0	$0	$0
LATISHA MCCORMICK	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA MCWATERS	DIRECTOR	1.00	Director	$0	$0	$0
RON MCCORMICK	DIRECTOR	10.00	Officer Director	$0	$0	$0
BRANDON MCCORMICK	SECRETARY	1.00	Officer	$0	$0	$0
MARTY MCREYNOLDS	PRESIDENT	5.00	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
2023	$140	$17,716	No data	$-17,576
2022	$1,386	$2,468	$17,576	$-1,082
2021	$25,462	$61,809	$18,658	$-36,347
2020	$132,279	$123,069	$66,074	$9,210
2019	$213,355	$184,219	$99,713	$29,136
2018	$158,495	$162,744	$56,783	$-4,249

HEARTLAND RESOURCE COUNCIL