Hebron Academy Incorporated

EIN: 010224898 501(c)(3) Education

Hebron, ME

Total Revenue
$12,729,777
Total Expenses
$15,554,158
Total Assets
$53,139,285
Net Assets
$40,875,638
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
ME
Principal Officer
Patrick Phillips
Phone
2079662100
Tax Period
2024-07-01 to 2025-06-30

Hebron Academy Incorporated, founded in 1941, is a mid-sized nonprofit in the Education sector that reported $12.7M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $15.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

To operate a non-profit, private school for students from middle school to high school, and to inspire and guide students to reach their highest potential in mind, body and spirit. Our core values are fundamental to the Hebron experience.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,658,345
Program Service Revenue $8,098,326
Investment Income $2,913,119
Other Revenue $59,987
TOTAL REVENUE $12,729,777

Expense Breakdown

Grants Paid $3,984,049
Salaries & Benefits $5,677,558
Fundraising Expenses $224,794
Program Expenses $10,871,919
Other Expenses $5,892,551
TOTAL EXPENSES $15,554,158

Year-over-Year Comparison

2024 2023 Change
Revenue $12,729,777 $14,977,085 -0.2%
Expenses $15,554,158 $16,178,354 0.0%
Net Income $-2,824,381 $-1,201,269 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
116
Volunteers
40

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$343,648
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J Matthew Lyness Chair 5.00
Officer Director
$0 $0 $0
Carolyn E Adams Vice Chair 5.00
Officer Director
$0 $0 $0
William R Percival Treasurer 5.00
Officer Director
$0 $0 $0
Robert J Ryan Secretary 5.00
Officer Director
$0 $0 $0
Jane Harris Ash Assistant Secretary 5.00
Officer Director
$0 $0 $0
Doug Haartz Executive Committee 5.00
Officer Director
$0 $0 $0
Noah Love Board Member 5.00
Director
$0 $0 $0
Barrett S Mitchell Board Member 5.00
Director
$0 $0 $0
Giselle Pomerleau Board Member 5.00
Director
$0 $0 $0
Jeffrey Weber Board Member 5.00
Director
$0 $0 $0
Patrick Phillips Head of School 40.00
Officer
$224,664 $36,758 $261,422
Jessie Daniels CFO 40.00
Officer
$74,350 $7,876 $82,226
John Sweeney Chief Enrollment Officer 40.00
Highest
$123,378 $30,988 $154,366
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $12,729,777 $15,554,158 $53,139,285 $-2,824,381
2024 No data No data No data No data
2023 $13,185,513 $16,759,219 $56,759,714 $-3,573,706
2023 $13,205,653 $16,759,217 $56,779,856 $-3,553,564
2022 $17,448,783 $18,511,391 $58,306,001 $-1,062,608
2021 $19,279,313 $15,897,620 $65,845,494 $3,381,693
2020 $17,313,678 $16,593,479 $55,359,698 $720,199
2019 $15,923,441 $17,073,739 $56,077,529 $-1,150,298
2018 $20,309,897 $16,630,561 $54,668,570 $3,679,336
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