Heartland Science And Technology Group
EIN: 472272542 · Chillicothe, IL · NTEE: U40
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.6M |
| Net Assets | $377K |
Is Heartland Science And Technology Group Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heartland Science And Technology Group
Heartland Science And Technology Group (EIN: 472272542) is a nonprofit organization based in Chillicothe, IL, classified under NTEE code U40. The organization reported total revenue of $1.5M and total assets of $564K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartland Science And Technology Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heartland Science And Technology Group is a mid-size nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 31.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$95K |
| Total Assets | $476K |
| Total Liabilities | $99K |
| Net Assets | $377K |
| Operating Margin | 5.7% |
| Debt-to-Asset Ratio | 20.8% |
| Months of Reserves | 3.7 months |
Financial Health Grade: A
In 2023, Heartland Science And Technology Group reported a surplus of $95K with revenue exceeding expenses, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 20.8% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Heartland Science And Technology Group's revenue has grown at a compound annual growth rate (CAGR) of 31.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | -1.6% | +16.7% |
| 2022 | +10.6% | +53.2% | -32.5% |
| 2021 | +35.8% | +6.2% | +51.5% |
| 2020 | +56.8% | +47.6% | +55.8% |
| 2019 | +13.7% | +8.1% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heartland Science And Technology Group has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heartland Science And Technology Group with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $95K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.8%.
Frequently Asked Questions about Heartland Science And Technology Group
Is Heartland Science And Technology Group a legitimate charity?
Based on AI analysis of IRS 990 filings, Heartland Science And Technology Group (EIN: 472272542) insufficient data. 0 red flags identified, 0 strengths noted.
How does Heartland Science And Technology Group spend its money?
Detailed spending breakdown data is not yet available for Heartland Science And Technology Group. Check back for updated IRS 990 analysis.
Are donations to Heartland Science And Technology Group tax-deductible?
Heartland Science And Technology Group is registered as a tax-exempt nonprofit (EIN: 472272542). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heartland Science And Technology Group located?
Heartland Science And Technology Group is headquartered in Chillicothe, Illinois and files with the IRS under EIN 472272542. It is classified under NTEE code U40.
How many years of IRS 990 filings does Heartland Science And Technology Group have?
Heartland Science And Technology Group has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5M in total revenue.
Filing History
IRS 990 filing history for Heartland Science And Technology Group showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Heartland Science And Technology Group's revenue has grown by 578.3%, moving from $243K to $1.6M. Total assets increased by 971.4% over the same period, from $44K to $476K. Total functional expenses rose by 339.2%, from $353K to $1.6M. In its most recent filing year (2023), Heartland Science And Technology Group reported a surplus of $95K, with revenue exceeding expenses. The organization holds $99K in liabilities against $476K in assets (debt-to-asset ratio: 20.8%), resulting in net assets of $377K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $476K | $99K | — | — |
| 2022 | $1.6M | $1.6M | $408K | $125K | — | View 990 |
| 2021 | $1.4M | $1.0M | $605K | $311K | — | View 990 |
| 2020 | $1.0M | $970K | $399K | $493K | — | — |
| 2019 | $665K | $657K | $256K | $423K | — | View 990 |
| 2018 | $585K | $607K | $258K | $433K | — | View 990 |
| 2017 | $509K | $384K | $174K | $264K | — | View 990 |
| 2016 | $243K | $353K | $44K | $259K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.6M, and assets of $476K (revenue +5.1% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.6M, and assets of $408K (revenue +10.6% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.0M, and assets of $605K (revenue +35.8% year-over-year).
- 2020: Revenue of $1.0M, expenses of $970K, and assets of $399K (revenue +56.8% year-over-year).
- 2019: Revenue of $665K, expenses of $657K, and assets of $256K (revenue +13.7% year-over-year).
- 2018: Revenue of $585K, expenses of $607K, and assets of $258K (revenue +15.0% year-over-year).
- 2017: Revenue of $509K, expenses of $384K, and assets of $174K (revenue +109.5% year-over-year).
- 2016: Revenue of $243K, expenses of $353K, and assets of $44K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heartland Science And Technology Group:
Data Sources and Methodology
This transparency report for Heartland Science And Technology Group 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.