HEARTLAND ACADEMY (EIN 820951650) - 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

2017

Principal Officer

ROCK WEBSTER

Phone

4198847158

Tax Period

2023-01-01 to 2023-12-31

HEARTLAND ACADEMY, founded in 2017, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

SCHOOL FOR AUSTISTIC CHILDREN

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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 $1,657,638

Program Service Revenue $0

Investment Income $0

Other Revenue $28,515

TOTAL REVENUE $1,686,153

Expense Breakdown

Grants Paid $0

Salaries & Benefits $952,021

Fundraising Expenses $0

Program Expenses $1,878,116

Other Expenses $926,095

TOTAL EXPENSES $1,878,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,686,153	$1,772,724	0.0%
Expenses	$1,878,116	$1,596,152	+0.2%
Net Income	$-191,963	$176,572	-2.1%

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

$100,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROCK WEBSTER	CEO/PRESIDEN	30.00	Officer	$100,000	$0	$100,000
R MICHAEL ARTER	DIRECTOR	N/A	Director	$0	$0	$0
MICHELE HASTEN	DIRECTOR	N/A	Director	$0	$0	$0
KIRSTIN VERSPOOR	DIRECTOR	N/A	Director	$0	$0	$0
DEBORAH L WEBSTER	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
2024	No data	No data	No data	No data
2023	$1,686,153	$1,878,116	$232,604	$-191,963
2022	$1,772,724	$1,596,152	$424,745	$176,572
2021	$1,609,588	$1,517,165	$246,527	$92,423
2020	$1,293,825	$1,290,059	$152,628	$3,766

HEARTLAND ACADEMY