HERITAGE CHRISTIAN SCHOOL (EIN 020447031) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

Marcus Rautiola

Phone

6038996700

Tax Period

2023-08-01 to 2024-07-31

HERITAGE CHRISTIAN SCHOOL, founded in 1991, is a small nonprofit in the Education sector that reported $429K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE A QUALITY EDUCATION FOR CHILDREN AGES 5-14 (GRADES K-8TH) BASED ON CHRISTIAN PRINCIPLES.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,353

Program Service Revenue $370,273

Investment Income $10

Other Revenue $56,102

TOTAL REVENUE $428,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $321,860

Fundraising Expenses $0

Program Expenses $456,690

Other Expenses $138,821

TOTAL EXPENSES $460,681

Year-over-Year Comparison

	2023	2022	Change
Revenue	$428,738	$379,872	+0.1%
Expenses	$460,681	$371,508	+0.2%
Net Income	$-31,943	$8,364	-4.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

Total Directors

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCUS RAUTIOLA	CHAIRMAN	0.00	Director	$0	$0	$0
TIFFANY HAAVISTO	TREASURER	5.00	Director	$0	$0	$0
MARLA SOMERO	SECRETARY	0.00	Director	$0	$0	$0
ROBERT PICKETT	BOARD MEMBER	0.00	Director	$0	$0	$0
JOSIAH KETOLA	BOARD MEMBER	0.00	Director	$0	$0	$0
LLOYD SEPPALA	BOARD MEMBER	0.00	Director	$0	$0	$0
JILL MILLER THORN EX-OFFICIO	BOARD MEMBER/PRINCIPAL	40.00	Director	$30,000	$0	$30,000

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
2024	$428,738	$460,681	$476,371	$-31,943
2023	$379,872	$371,508	$375,653	$8,364
2022	$448,036	$314,620	$374,056	$133,416
2021	$264,286	$203,634	$241,143	$60,652
2020	$237,719	$191,622	$181,110	$46,097
2019	$203,088	$171,785	$135,013	$31,303
2018	$170,483	$179,123	$102,895	$-8,640

HERITAGE CHRISTIAN SCHOOL