THE HEART OF LEBANON INC

EIN: 810876169 501(c)(3) Community Improvement

LEBANON, IN

Total Revenue
$183,628
Total Expenses
$186,110
Total Assets
$55,873
Net Assets
$55,848
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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
IN
Principal Officer
COREY KUTZ
Phone
3174373484
Tax Period
2025-01-01 to 2025-12-31

THE HEART OF LEBANON INC, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $184K in total revenue in fiscal year 2025.

Mission

TO FOSTER THE REVITALIZATION AND REENGAGEMENT OF THE DOWNTOWN AS THE CULTURAL CENTER OF LEBANON, INDIANA.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $171,315
Program Service Revenue $9,770
Investment Income $2,543
Other Revenue $0
TOTAL REVENUE $183,628

Expense Breakdown

Grants Paid $0
Salaries & Benefits $114,663
Fundraising Expenses $0
Program Expenses $41,673
Other Expenses $71,447
TOTAL EXPENSES $186,110

Year-over-Year Comparison

2025 2024 Change
Revenue $183,628 $182,614 +0.0%
Expenses $186,110 $274,998 -0.3%
Net Income $-2,482 $-92,384 -1.0%
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

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Governance

Voting Members
8
Independent Members
8
Employees
2
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROB CRAWFORD DIRECTOR N/A
Director
$0 $0 $0
JESSIE FLEMING SECRETARY N/A
Officer Director
$0 $0 $0
PATRICK KLOOZ DIRECTOR N/A
Director
$0 $0 $0
COREY KUTZ PRESIDENT N/A
Officer Director
$0 $0 $0
JON KIM DIRECTOR N/A
Director
$0 $0 $0
STEVE LEARN DIRECTOR N/A
Director
$0 $0 $0
JOE LEPAGE DIRECTOR N/A
Director
$0 $0 $0
KELLY MARTIN TREASURER N/A
Officer Director
$0 $0 $0
DENISE NIBLICK VICE PRESIDE N/A
Officer Director
$0 $0 $0
REBECCA STANTON DIRECTOR N/A
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 $183,628 $186,110 $55,873 $-2,482
2024 $182,614 $274,998 $58,000 $-92,384
2023 $228,225 $135,962 $154,957 $92,263
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