Substantial asset growth, particularly in 2023, indicates potential for significant future impact or investment capacity.
Generally maintains expenses below revenue, indicating sound financial management and the ability to generate surpluses.
Spending Breakdown
How Heartland Lakes Development Commission allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Heartland Lakes Development Commission
Is Heartland Lakes Development Commission a legitimate charity?
Based on AI analysis of IRS 990 filings, Heartland Lakes Development Commission (EIN: 204208381) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Heartland Lakes Development Commission a good charity to donate to?
Heartland Lakes Development Commission has a Mission Score of 85/100. Revenue: $890K. Assets: $6.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Heartland Lakes Development Commission?
The Employer Identification Number (EIN) for Heartland Lakes Development Commission is 204208381. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Heartland Lakes Development Commission spend its money?
Heartland Lakes Development Commission allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Heartland Lakes Development Commission's tax-exempt status?
You can verify Heartland Lakes Development Commission's tax-exempt status using EIN 204208381 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Heartland Lakes Development Commission demonstrates a highly variable financial history, with revenues fluctuating significantly year-over-year, from a low of $129,000 in 2013 to a high of over $2 million in 2020. The organization's assets have seen substantial growth, particularly in the most recent filing period (202312), where assets jumped from $507,422 to $3,070,645, accompanied by a notable increase in liabilities to $2,104,193. This suggests significant capital projects or investments are underway, which could impact future financial stability if not managed effectively. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to minimizing administrative overhead related to executive pay, enhancing spending efficiency in this area.
The organization's spending efficiency appears generally sound, with expenses typically staying below or close to revenue, indicating responsible financial management. For instance, in 2023, expenses were $588,572 against revenues of $922,283, leaving a substantial surplus. However, the dramatic increase in assets and liabilities in the latest period warrants closer examination to understand the nature of these financial movements and their long-term implications for the organization's mission delivery. The lack of detailed program, administrative, and fundraising expense breakdowns in the provided data limits a precise assessment of spending efficiency across these categories.
Transparency regarding executive compensation is excellent, with no reported officer compensation. However, without more granular expense data (e.g., program service expenses vs. administrative and fundraising), a full assessment of overall spending transparency and efficiency is challenging. The significant increase in assets and liabilities in the latest filing period, while potentially positive for growth, also introduces a level of complexity that would benefit from further public explanation to ensure stakeholders understand the financial strategy and its alignment with the organization's development mission.