Heartland Acres Agribition Center Inc

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Heartland Acres Agribition Center Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Heartland Acres Agribition Center Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Heartland Acres Agribition Center Inc in one place.

Is Heartland Acres Agribition Center Inc Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Request a concise report for Heartland Acres Agribition Center Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Heartland Acres Agribition Center Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

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.

Organization Overview

Heartland Acres Agribition Center Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.1%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Heartland Acres Agribition Center Inc reported a deficit of $163K with expenses exceeding revenue, holds 147.2 months of operating reserves (strong position), has a debt-to-asset ratio of 66.8% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Heartland Acres Agribition Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $163K, with expenses exceeding revenue.
• Debt-to-asset ratio: 66.8%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Heartland Acres Agribition Center Inc:

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.