Heartland Acres Agribition Center Inc

Heartland Acres Agribition Center Inc. consistently operates at a deficit, relying on past gains or external funding to cover expenses.

EIN: 202882767 · Independence, IA · NTEE: A50 · Updated: 2026-03-28

$238KRevenue

$4.1MAssets

65/100Mission Score (Good)

A50

About Heartland Acres Agribition Center Inc

Heartland Acres Agribition Center Inc (EIN: 202882767) is a nonprofit organization based in Independence, IA, classified under NTEE code A50. The organization reported total revenue of $238K and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartland Acres Agribition Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Heartland Acres Agribition Center Inc. demonstrates a consistent operational deficit, with expenses frequently exceeding revenue. For instance, in 2023, expenses were $347,627 against revenues of $184,791, and in 2022, expenses were $319,909 against revenues of $150,052. This trend suggests a reliance on prior year surpluses or other funding sources to cover operational costs. While the organization's assets are substantial at $4,143,580, liabilities are also significant, reaching $2,848,757 in 2023, indicating a considerable debt burden relative to its asset base. The lack of reported officer compensation across all filings suggests either a volunteer-led executive team or compensation below reporting thresholds, which can be a positive indicator of resource allocation to mission, but also raises questions about the sustainability of leadership without compensation.

The organization's financial health appears challenged by its recurring operational deficits. While it has maintained significant assets, the consistent negative net income (revenue minus expenses) over many years, such as a -$162,836 deficit in 2023 and -$169,857 in 2022, is a concern for long-term sustainability. The large revenue spike in 2021 ($1,480,403) significantly boosted its financial position for that year, but subsequent years have reverted to the pattern of lower revenues and deficits. The NTEE code A50 (Agricultural & Related Activities) suggests a focus on agricultural education or promotion, and without a detailed breakdown of expenses, it's difficult to fully assess spending efficiency beyond the overall deficit. Transparency regarding executive compensation is high, as none is reported, which is a positive sign for donor confidence in resource allocation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Heartland Acres Agribition Center Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Heartland Acres Agribition Center Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

No officer compensation has been reported across all available filings, suggesting either a fully volunteer executive leadership or compensation levels below IRS reporting thresholds, which is a positive indicator for direct program resource allocation.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Heartland Acres Agribition Center Inc's IRS 990 filings:

Consistent operational deficits, with expenses exceeding revenue in most reported periods (e.g., -$162,836 in 2023, -$169,857 in 2022).
High liabilities relative to assets, with liabilities at $2,848,757 against $4,263,785 in assets in 2023, indicating a significant debt burden.
Declining asset base over time, from $5,668,632 in 2014 to $4,263,785 in 2023, suggesting a gradual erosion of financial reserves.

Strengths

The following positive indicators were identified for Heartland Acres Agribition Center Inc:

No reported officer compensation, indicating a potential volunteer-driven leadership or highly efficient use of administrative funds.
Substantial asset base of over $4 million, providing a foundation for operations despite recurring deficits.
One period of significant revenue generation in 2021 ($1,480,403), demonstrating capacity for large-scale funding if opportunities arise.

Frequently Asked Questions about Heartland Acres Agribition Center Inc

How does Heartland Acres Agribition Center Inc. cover its consistent operational deficits?

The organization consistently reports expenses exceeding revenue, such as a $162,836 deficit in 2023. This suggests reliance on prior year surpluses, investment income, or other non-operating revenue sources not detailed in the provided summary to sustain operations.

What is the long-term strategy for addressing the significant liabilities?

With liabilities reaching $2,848,757 in 2023 against total assets of $4,263,785, the organization carries a substantial debt burden. The filings do not detail the nature of these liabilities or the strategy for their reduction.

What caused the significant revenue spike in 2021?

Revenue jumped from $590,169 in 2020 to $1,480,403 in 2021, a nearly 150% increase. Understanding the source of this one-time surge (e.g., a large grant, capital campaign, or asset sale) is crucial for assessing future financial stability.

Filing History

IRS 990 filing history for Heartland Acres Agribition Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Heartland Acres Agribition Center Inc's revenue has declined by 39.3%, moving from $304K to $185K. Total assets decreased by 31.9% over the same period, from $6.3M to $4.3M. Total functional expenses fell by 36%, from $543K to $348K. In its most recent filing year (2023), Heartland Acres Agribition Center Inc reported a deficit of $163K, with expenses exceeding revenue. The organization holds $2.8M in liabilities against $4.3M in assets (debt-to-asset ratio: 66.8%), resulting in net assets of $1.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$185K	$348K	$4.3M	$2.8M	—	View 990
2022	$150K	$320K	$4.4M	$2.8M	—	View 990
2021	$1.5M	$326K	$4.5M	$2.8M	—	View 990
2020	$590K	$338K	$4.6M	$4.0M	—	View 990
2019	$154K	$446K	$4.8M	$4.4M	—	View 990
2018	$191K	$431K	$5.0M	$4.3M	—	View 990
2017	$289K	$457K	$5.1M	$4.3M	—	View 990
2016	$200K	$514K	$5.3M	$4.3M	—	View 990
2015	$228K	$572K	$5.5M	$4.1M	—	View 990
2014	$239K	$567K	$5.7M	$4.0M	—	View 990
2013	$281K	$334K	$5.9M	$3.8M	—	View 990
2012	$305K	$369K	$6.0M	$3.7M	—	View 990
2011	$304K	$543K	$6.3M	$3.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $185K, expenses of $348K, and assets of $4.3M (revenue +23.2% year-over-year).
2022: Revenue of $150K, expenses of $320K, and assets of $4.4M (revenue -89.9% year-over-year).
2021: Revenue of $1.5M, expenses of $326K, and assets of $4.5M (revenue +150.8% year-over-year).
2020: Revenue of $590K, expenses of $338K, and assets of $4.6M (revenue +282.1% year-over-year).
2019: Revenue of $154K, expenses of $446K, and assets of $4.8M (revenue -19.1% year-over-year).
2018: Revenue of $191K, expenses of $431K, and assets of $5.0M (revenue -34.0% year-over-year).
2017: Revenue of $289K, expenses of $457K, and assets of $5.1M (revenue +44.2% year-over-year).
2016: Revenue of $200K, expenses of $514K, and assets of $5.3M (revenue -11.9% year-over-year).
2015: Revenue of $228K, expenses of $572K, and assets of $5.5M (revenue -4.9% year-over-year).
2014: Revenue of $239K, expenses of $567K, and assets of $5.7M (revenue -14.7% year-over-year).
2013: Revenue of $281K, expenses of $334K, and assets of $5.9M (revenue -8.1% year-over-year).
2012: Revenue of $305K, expenses of $369K, and assets of $6.0M (revenue +0.3% year-over-year).
2011: Revenue of $304K, expenses of $543K, and assets of $6.3M.

Data Sources and Methodology

This transparency report for Heartland Acres Agribition Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.