Heartwood Incorporated
Nonprofit profile at a glance
- EIN
- 351846483
- IRS 990-EZ coverage
- 2010–2025
- Forms available
- Form 990-EZ 2025
- Location
- Paoli, IN, USA
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Natural Resources Conservation and Protection
Reported finances
- Revenue
- $144,134
- Expenses
- $102,306
- Assets
- $142,953
- Liabilities
- $30,370
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- DAVID NICKELL (CHAIR)
- CORINA LANG (VICE CHAIR)
- RAE SCHNAPP (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Protect wild places for all
What it reported doing in 2025
Network support-maintaining web networks and prodcing two national conferences for member groups and on forest watch or sustainable community
Operating model
- Revenue model
- Donor-supported. 77% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 24
- Transparency & Controls: 100
- Sustainability: 63
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 20.5%; rating input score 21
- Program expense ratio: 28.9%; rating input score 29
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 29%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 1.4; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 14.1%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: -9.5% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: 0.4% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 6.4% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 20.5% of revenue deployed · 28.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $30K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 21/100.
- High — Financial Efficiency: Program expense ratio scored 29/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- High — Sustainability: Officer compensation ratio scored 20/100.