HEARTLAND CREDIT UNION ASSOCIATION (EIN 474430428) - 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

2016

Legal Domicile

Principal Officer

LISA ALTHOFF-SIMMONS

Phone

8004425762

Tax Period

2022-01-01 to 2022-12-31

HEARTLAND CREDIT UNION ASSOCIATION, founded in 2016, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2022.

Mission

TO ENHANCE THE ABILITY OF CREDIT UNIONS TO SUCCESSFULLY MEET THE NEEDS OF THEIR MEMBERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,094,386

Investment Income $99,201

Other Revenue $-1,509

TOTAL REVENUE $4,192,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,813,678

Fundraising Expenses $0

Other Expenses $1,793,065

TOTAL EXPENSES $4,606,743

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,192,078	$4,005,798	+0.0%
Expenses	$4,606,743	$3,487,795	+0.3%
Net Income	$-414,665	$518,003	-1.8%

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

Governance

Voting Members

Independent Members

Employees

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

$1,446,130

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES NASTARS	CHAIR	1.00	Officer Director	$0	$0	$0
RICK NICHOLS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRENDA KLIEWER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JAY NEATHERY	DIRECTOR	1.00	Director	$0	$0	$0
JUDY HADSALL	DIRECTOR	1.00	Director	$0	$0	$0
JASON PEACH	DIRECTOR	1.00	Director	$0	$0	$0
BOB MCKAY	DIRECTOR	1.00	Director	$0	$0	$0
STACY MONTGOMERY	DIRECTOR	1.00	Director	$0	$0	$0
DOUG CHEATUM	DIRECTOR	1.00	Director	$0	$0	$0
BOB MAYES	DIRECTOR	1.00	Director	$0	$0	$0
BRAD DOUGLAS	PRESIDENT & CEO	24.00		$0	$25,074	$512,472
LISA ALTHOFF-SIMMONS	INTERIM CEO	32.00	Officer	$0	$38,549	$318,967
AMY MCLARD	EXC. DIRECTOR OF LEGAL AFFAIRS	40.00	Officer	$0	$41,469	$233,784
SUSAN DYER	VICE PRESIDENT OF ENGAGEMENT	34.00	Officer	$0	$20,543	$193,721
ANDREA ROBINSON	EXECUTIVE DIRECTOR - HCUCF	40.00	Officer	$0	$24,097	$169,651
BELINDA MUCK	DIRECTOR OF FINANCE	20.00	Officer	$0	$20,396	$161,543
MARK HOHENSTEIN	DIRECTOR OF BUSINESS RELATIONS	0.00	Officer	$0	$22,329	$131,216
IAN DUNLAP	EXECUTIVE DIRECTOR	40.00	Officer	$0	$11,604	$119,658
PAT BEHNEN	EXECUTIVE DIRECTOR	24.00	Officer	$0	$12,186	$117,590
TIMOTHY LOVELESS	REGIONAL DIRECTOR	20.00	Highest	$0	$26,063	$217,050

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
2022	$4,192,078	$4,606,743	No data	$-414,665
2021	$4,005,798	$3,487,795	$10,336,481	$518,003
2020	$3,321,434	$3,579,867	$9,478,994	$-258,433
2019	$3,929,382	$4,076,565	$9,657,913	$-147,183
2018	$3,069,828	$3,145,144	$9,241,800	$-75,316

HEARTLAND CREDIT UNION ASSOCIATION