HEARTLAND LAKES COMMUNITY SCHOOL (EIN 920453479) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

LAURA SETER

Phone

2182373903

Tax Period

2024-07-01 to 2025-06-30

HEARTLAND LAKES COMMUNITY SCHOOL, founded in 2022, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 1157% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 11% surplus.

Mission

HEARTLAND LAKES COMMUNITY SCHOOL EXISTS TO EMPOWER SCHOLARS TO BRAVELY LIVE THEIR TRUTH, TO BECOME WISE STEWARDS OF THE LAND AND RESOURCES AND TO IGNITE LASTING CURIOSITY THAT LEADS TO POSITIVE CHANGE IN THEIR SCHOOL, THEIR COMMUNITIES, THEIR WORLD AND THEMSELVES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,579,575

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,579,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $856,695

Fundraising Expenses $0

Program Expenses $1,094,111

Other Expenses $551,545

TOTAL EXPENSES $1,408,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,579,575	$125,657	+11.6%
Expenses	$1,408,240	$119,429	+10.8%
Net Income	$171,335	$6,228	+26.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$52,880

Total Directors

$75,202

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH SKJONSBY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
REBEKAH SUNDSRUD	BOARD MEMBER	1.00	Director	$0	$0	$0
NIKKI GACK	VICE CHAIR/SECRETARY	1.00	Officer Director	$0	$0	$0
JAMIE SIMON-LINKOWITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ELISE ERICKSON	BOARD MEMBER	40.00	Director	$18,308	$4,014	$22,322
LAURA SETER	SCHOOL DIRECTOR	40.00	Officer Director	$44,350	$8,530	$52,880

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	$1,579,575	$1,408,240	$516,368	$171,335
2024	$125,657	$119,429	$55,503	$6,228

HEARTLAND LAKES COMMUNITY SCHOOL