HERRON HIGH SCHOOL INC (EIN 202010941) - 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

2004

Legal Domicile

Principal Officer

ISAAC BAMGBOSE

Phone

3172310010

Tax Period

2024-07-01 to 2025-06-30

HERRON HIGH SCHOOL INC, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $30.0M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $26.1M left a modest 13% surplus.

Mission

HERRON HIGH SCHOOL PARTNERS WITH FAMILIES AND THE COMMUNITY TO PROVIDE A CLASSICAL LIBERAL ARTS EDUCATION THAT INTEGRATES KNOWLEDGE, INSPIRES CHARACTER AND VALUES COMMUNITY SERVICE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $29,234,488

Program Service Revenue $455,366

Investment Income $66,588

Other Revenue $259,841

TOTAL REVENUE $30,016,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,738,520

Fundraising Expenses $600,921

Program Expenses $23,038,748

Other Expenses $9,378,346

TOTAL EXPENSES $26,116,866

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,016,283	$25,040,143	+0.2%
Expenses	$26,116,866	$25,537,279	+0.0%
Net Income	$3,899,417	$-497,136	-8.8%

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

281

Volunteers

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

$377,483

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET H MCNEAL	PRESIDENT	40.00	Officer	$211,433	$16,173	$227,606
ANNE DECKARD	HEAD OF SCHOOL, HERRON HIGH SCHOOL	40.00	Highest	$140,935	$21,411	$162,346
EMANUEL HARPER	HEAD OF SCHOOL, HERRON-RIVERSIDE HIGH SCHOOL	40.00	Highest	$126,123	$27,536	$153,659
MICHELLE KRAUTER	CHIEF FINANCIAL OFFICER	40.00	Officer	$121,735	$28,142	$149,877
KATIE DORSEY	SR VICE PRESIDENT, ACADEMICS AFFAIRS	40.00	Highest	$128,775	$20,422	$149,197
CODY WHITESELL	HEAD OF SCHOOL, HERRON PREPARATORY ACADEMY	40.00	Highest	$119,900	$12,767	$132,667
CARROLL BILBREY	VICE PRESIDENT, OPERATIONS	40.00	Highest	$105,690	$26,162	$131,852
ADRIAN MILLER	PRESIDENT, BOARD OF DIRECTORS	10.00	Officer Director	$0	$0	$0
MINDY CUNNINGHAM	VICE PRESIDENT, BOARD OF DIRECTORS	5.00	Officer Director	$0	$0	$0
ISAAC BAMGBOSE	TREASURER, BOARD OF DIRECTORS	5.00	Officer Director	$0	$0	$0
PATRICK CHITTENDAN	SECRETARY, BOARD OF DIRECTORS	5.00	Officer Director	$0	$0	$0
MICHAEL ALLEN	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN BRASE	DIRECTOR	5.00	Director	$0	$0	$0
MEGGIE DIALS	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM MCWHIRTER	DIRECTOR	5.00	Director	$0	$0	$0
ANNE RICCHIUTO	DIRECTOR	5.00	Director	$0	$0	$0
MIGUEL RODRIGUEZ	DIRECTOR	5.00	Director	$0	$0	$0
BRENDA ROPER	DIRECTOR	5.00	Director	$0	$0	$0
DAVID STEELE	DIRECTOR	5.00	Director	$0	$0	$0
KEITH STEINER	DIRECTOR	5.00	Director	$0	$0	$0
JOHN WATSON	DIRECTOR	5.00	Director	$0	$0	$0

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	$30,016,283	$26,116,866	$42,470,885	$3,899,417
2024	$25,040,143	$25,537,279	$40,551,421	$-497,136
2023	$25,203,989	$21,670,470	$28,946,699	$3,533,519
2022	$21,780,827	$18,149,864	$21,629,178	$3,630,963
2021	$15,381,017	$13,761,089	$19,992,400	$1,619,928
2020	$12,904,012	$12,910,437	$19,240,509	$-6,425
2019	$11,786,433	$12,032,109	$18,006,741	$-245,676

HERRON HIGH SCHOOL INC