HEARTLAND BUSINESS CAPITAL INC (EIN 481054127) - 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

1987

Legal Domicile

Principal Officer

BRETT R LARSON

Phone

9135991717

Tax Period

2024-01-01 to 2024-12-31

HEARTLAND BUSINESS CAPITAL INC, founded in 1987, is a small nonprofit that reported $789K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $172K, a strong 22% operating margin.

Mission

ORGANIZED FOR THE CHARITABLE PURPOSE OF FURTHERING THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE GREATER KANSAS CITY METROPOLITAN AREA, WITH SPECIFIC EMPHASIS UPON PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS.

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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 $34,427

Program Service Revenue $609,340

Investment Income $145,589

Other Revenue $0

TOTAL REVENUE $789,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $457,202

Fundraising Expenses $0

Program Expenses $543,512

Other Expenses $160,653

TOTAL EXPENSES $617,855

Year-over-Year Comparison

	2024	2023	Change
Revenue	$789,356	$697,416	+0.1%
Expenses	$617,855	$604,157	+0.0%
Net Income	$171,501	$93,259	+0.8%

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

$228,967

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BYERS	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN WELLS	SECRETARY	2.00	Officer Director	$0	$0	$0
BRETT OSBORN	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS CALVERT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BOB MAYER	DIRECTOR	2.00	Director	$0	$0	$0
BRETT BOGAN	DIRECTOR	2.00	Director	$0	$0	$0
CHERI STREETER	DIRECTOR	2.00	Director	$0	$0	$0
BRETT KIDD	TREASURER	2.00	Officer Director	$0	$0	$0
KIM CURTIS	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA HAKE	DIRECTOR	2.00	Director	$0	$0	$0
CASEY WILHM	DIRECTOR	2.00	Director	$0	$0	$0
BRETT LARSON	EXECUTIVE DIRECTOR	40.00	Officer	$202,025	$26,942	$228,967

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	$789,356	$617,855	$892,371	$171,501
2023	$697,416	$604,157	$816,937	$93,259
2022	$584,292	$549,746	$737,998	$34,546
2021	$740,115	$768,837	$709,220	$-28,722
2020	$569,155	$702,371	$617,973	$-133,216
2019	$568,738	$636,181	$686,946	$-67,443
2018	$613,751	$608,284	$749,618	$5,467

HEARTLAND BUSINESS CAPITAL INC