HEARTLAND IMPACT

EIN: 922733530

ARLINGTON HEIGHTS, IL

Total Revenue
$285,000
Total Expenses
$118,552
Total Assets
$181,467
Net Assets
$166,448
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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
2023
Legal Domicile
IL
Principal Officer
CAMERON SHOLTY
Phone
2624099816
Tax Period
2023-01-01 to 2023-12-31

HEARTLAND IMPACT, founded in 2023, is a small nonprofit that reported $285K in total revenue in fiscal year 2023. The organization ran a surplus of $166K, a strong 58% operating margin.

Mission

Engage in legislative process, public discourse to advance pro-liberty and freedom-centered public policy; providing bold,cutting-edgee research, analysis, proposals to policymakers and public

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $285,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $285,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $50,455
Other Expenses $118,552
TOTAL EXPENSES $118,552

Year-over-Year Comparison

2023 2022 Change
Revenue $285,000 N/A N/A
Expenses $118,552 N/A N/A
Net Income $166,448 N/A N/A
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
0
$0
Total Directors
5
$27,326
Key Employees
1
$535
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES TAYLOR DIRECTOR 1
Director
$4,998 $0 $4,998
JIM LAKELY TREASURER 1
Key Emp
$535 $0 $535
CAMERON SHOLTY PRESIDENT 9
Director
$22,328 $0 $22,328
STEVEN J MILLOY DIRECTOR 1
Director
$0 $0 $0
CRAIG RICHARDSON DIRECTOR 1
Director
$0 $0 $0
KEN BLACKWELL DIRECTOR 1
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
2023 $285,000 $118,552 $181,467 $166,448
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