HeartLand Child & Family Services (EIN 942638325) - 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

1979

Legal Domicile

Principal Officer

Jeff Wilkinson

Phone

9169229868

Tax Period

2023-07-01 to 2024-06-30

HeartLand Child & Family Services, founded in 1979, is a mid-sized nonprofit in the Mental Health sector that reported $17.6M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $15.6M left a modest 11% surplus.

Mission

To provide low cost mental health services for youth and adolescence.

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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 $17,428,168

Program Service Revenue $0

Investment Income $0

Other Revenue $142,460

TOTAL REVENUE $17,570,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,483,474

Fundraising Expenses $0

Program Expenses $15,150,113

Other Expenses $4,118,559

TOTAL EXPENSES $15,602,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,570,628	$11,371,040	+0.5%
Expenses	$15,602,033	$11,134,169	+0.4%
Net Income	$1,968,595	$236,871	+7.3%

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

157

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

$571,191

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Wilkinson	CEO	40.00	Officer	$334,544	$0	$334,544
Sarah Bailey	CFO	40.00	Officer	$236,647	$0	$236,647
TODD L PALUMBO	COO	40.00		$201,933	$0	$201,933
Ashley Slovak	Director	1.00	Director	$0	$0	$0
David Firth	Chairman	1.00	Officer Director	$0	$0	$0
Thomas Garcin	President	1.00	Officer Director	$0	$0	$0
Mariel Mendoza	Director	1.00	Director	$0	$0	$0
Rebecca Rush	Director	1.00	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
2025	No data	No data	No data	No data
2024	$17,570,628	$15,602,033	$8,693,183	$1,968,595
2024	No data	No data	No data	No data
2023	$11,371,040	$11,134,169	$5,659,454	$236,871
2022	$8,897,167	$8,091,463	$3,471,900	$805,704
2019	$4,733,745	$4,682,787	$2,652,069	$50,958
2018	$4,338,980	$4,211,471	$2,360,596	$127,509

HeartLand Child & Family Services