Heartland Action Inc (EIN 862697963) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Phone

4794641500

Tax Period

2024-01-01 to 2024-12-31

Connecting the Heartland Inc, founded in 2021, is a community nonprofit in the Science & Technology sector that reported $2.0M in total revenue in fiscal year 2021. The organization ran a surplus of $1.9M, a strong 96% operating margin.

Mission

To position the Heartland as a national leader in shaping public policy and driving economic impact-by strengthening regional competitiveness, building a robust talent pipeline and advancing health and wellness.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $575,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $575,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $359,551

Other Expenses $370,695

TOTAL EXPENSES $370,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$575,000	$125,000	+3.6%
Expenses	$370,695	$426,950	-0.1%
Net Income	$204,305	$-301,950	-1.7%

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
ANGIE COOPER	DIRECTOR, PRESIDENT	5.0	Officer Director	$0	$0	$0
SUSAN PEACOCK	DIRECTOR, SECRETARY	1.0	Officer Director	$0	$0	$0
Aaron Rudberg	DIRECTOR	1.0	Director	$0	$0	$0
BUDDY D PHILPOT	DIRECTOR	1.0	Director	$0	$0	$0
ROMY DRUCKER	DIRECTOR	1.0	Director	$0	$0	$0
LUKE MITCHELL	TREASURER (From 01/22/24)	1.0	Officer	$0	$0	$0
ROBERT SMITH	TREASURER (UNTIL 01/22/24)	1.0	Officer	$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	$575,000	$370,695	$1,591,611	$204,305
2023	$125,000	$426,950	$1,387,306	$-301,950
2022	No data	$221,623	$1,689,256	No data
2021	$2,000,000	$89,121	$1,910,879	$1,910,879

Heartland Action Inc