Heartland Bank Community Foundation (EIN 843105476) - 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

2019

Legal Domicile

Phone

6143574600

Tax Period

2024-01-01 to 2024-12-31

Heartland Bank Community Foundation, founded in 2019, is a small nonprofit in the Human Services sector that reported $186K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $94K, a strong 50% operating margin.

Mission

CONTRIBUTE TO EXEMPT ORGANIZATIONS TO FUND WIDESPREAD COMMUNITY IMPACT PROGRAMS WHICH IMPROVE THE QUALITY OF LIFE IN THE MARKETS SERVED BY HEARTLAND BANK.

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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 $168,370

Program Service Revenue $0

Investment Income $17,948

Other Revenue $0

TOTAL REVENUE $186,318

Expense Breakdown

Grants Paid $82,918

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,918

Other Expenses $9,704

TOTAL EXPENSES $92,622

Year-over-Year Comparison

	2024	2023	Change
Revenue	$186,318	$204,839	-0.1%
Expenses	$92,622	$83,264	+0.1%
Net Income	$93,696	$121,575	-0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB CLARK	TREASURER	0.5	Officer Director	$0	$0	$0
DAVE DANIEL	SECRETARY	0.5	Officer Director	$0	$0	$0
HINDA MITCHELL	PRESIDENT	0.3	Officer Director	$0	$0	$0
Bill Dodson	Immediate Past President	0.3	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	$186,318	$92,622	$579,056	$93,696
2023	$204,839	$83,264	$468,655	$121,575
2022	$217,044	$72,300	$348,854	$144,744
2021	$196,177	$87,239	$200,777	$108,938
2020	$120,334	$69,944	$95,219	$50,390
2019	$46,417	$4,968	$41,449	$41,449

Heartland Bank Community Foundation