THE HEART OF LEBANON INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $40,466

EVENTS HELD TO ENRICH THE DOWNTOWN HISTORIC DISTRICT TO ENHANCE ITS VIBRANCY AND QUALITY OF LIFE FOR THE COMMUNITY.

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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 (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

Governance

Voting Members

Independent Members

Employees

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
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