HEARTLAND CHRISTIAN SCHOOLS INC (EIN 481166527) - 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

1995

Legal Domicile

Principal Officer

JEREMY KERSENBROCK

Phone

7854606419

Tax Period

2023-06-01 to 2024-05-31

HEARTLAND CHRISTIAN SCHOOLS INC, founded in 1995, is a small nonprofit in the Education sector that reported $526K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $588K exceeded revenue, resulting in a 12% operating deficit.

Mission

RELIGIOUS AND EDUCATIONAL INSTRUCTION

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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 (2023)

Revenue Breakdown

Contributions & Grants $259,391

Program Service Revenue $212,055

Investment Income $3,435

Other Revenue $50,970

TOTAL REVENUE $525,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $403,829

Fundraising Expenses $0

Program Expenses $588,497

Other Expenses $184,668

TOTAL EXPENSES $588,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$525,851	$599,206	-0.1%
Expenses	$588,497	$501,574	+0.2%
Net Income	$-62,646	$97,632	-1.6%

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

N/A

Employees

Volunteers

125

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
DANIEL LEEBRICK	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
JEREMY KERSENBROCK	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHET BECKLEY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
NATE HARTER	BOARD MEMBER	5.00	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
2025	No data	No data	No data	No data
2024	$525,851	$588,497	$535,628	$-62,646
2023	$599,206	$501,574	$594,491	$97,632
2022	$479,259	$474,536	$498,369	$4,723
2021	$485,500	$381,342	$495,023	$104,158
2020	$379,756	$345,262	$393,892	$34,494
2019	$336,083	$343,217	$353,937	$-7,134

HEARTLAND CHRISTIAN SCHOOLS INC