MILDRED A ECKSTROM MEMORIAL FUND C/O HEARTLAND BANK AND TRUST COMPANY (EIN 477422410) - 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

2015

Legal Domicile

Principal Officer

HEARTLAND BANK TRUST CO

Phone

3096624444

Tax Period

2024-01-01 to 2024-12-31

MILDRED A ECKSTROM MEMORIAL FUND C/O HEARTLAND BANK AND TRUST COMPANY, founded in 2015, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $20K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $19K left a modest 6% surplus.

Mission

TO PROVIDE COLLEGE SCHOLARSHIPS FOR GRADUATES OF PRINCETON HIGH SCHOOL, IN PRINCETON, ILLINOIS.

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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 $0

Investment Income $19,962

Other Revenue $0

TOTAL REVENUE $19,962

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $7,193

Fundraising Expenses $0

Program Expenses $15,193

Other Expenses $3,532

TOTAL EXPENSES $18,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,962	$36,084	-0.4%
Expenses	$18,725	$23,063	-0.2%
Net Income	$1,237	$13,021	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$7,193	$0	$7,193

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	$19,962	$18,725	$576,686	$1,237
2023	$36,084	$23,063	$552,374	$13,021
2022	$-1,748	$16,774	$509,250	$-18,522
2021	$45,295	$27,927	$602,839	$17,368
2020	$19,967	$26,522	$572,995	$-6,555
2019	$20,777	$26,338	$542,192	$-5,561
2018	$26,756	$26,536	$495,071	$220

MILDRED A ECKSTROM MEMORIAL FUND C/O HEARTLAND BANK AND TRUST COMPANY