GREATHEARTS ARIZONA (EIN 202036133) - 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

MATTHEW BUSHARD

Phone

6024387045

Tax Period

2024-07-01 to 2025-06-30

GREATHEARTS ARIZONA, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $45.1M in total revenue in fiscal year 2024.

Mission

GREAT HEARTS IS A NON-PROFIT NETWORK OF PUBLIC CHARTER SCHOOLS DEDICATED TO IMPROVING EDUCATION NATIONWIDE THROUGH CLASSICAL PREPARATORY K-12 ACADEMIES. A GREAT HEARTS EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.

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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 $860,933

Program Service Revenue $41,164,712

Investment Income $2,420,030

Other Revenue $614,079

TOTAL REVENUE $45,059,754

Expense Breakdown

Grants Paid $3,964,619

Salaries & Benefits $11,588,306

Fundraising Expenses $669,990

Program Expenses $39,428,625

Other Expenses $29,268,151

TOTAL EXPENSES $44,821,076

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,059,754	$44,091,235	+0.0%
Expenses	$44,821,076	$42,761,000	+0.0%
Net Income	$238,678	$1,330,235	-0.8%

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

N/A

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

$660,335

Total Directors

$382,530

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL P SCOGGIN	VICE CHAIRMA	2.00	Officer Director	$0	$25,882	$382,530
BRANDON CROWE	SUPERINTENDE	40.00	Officer	$258,530	$19,275	$277,805
KATHERINE MCMILLAN	VP OF FINANC	40.00	Highest	$175,046	$22,184	$197,230
LEANNE FAWCETT	EXECUTIVE DI	40.00	Highest	$166,897	$10,197	$177,094
MAC ESAU	EXECUTIVE DI	40.00	Highest	$148,508	$21,037	$169,545
EVELYN MUSIC	VP OF OPERAT	40.00	Highest	$138,872	$8,254	$147,126
NEIL GILLINGHAM	SIR DIR ONLI	40.00	Highest	$128,721	$9,574	$138,295
KURT DAVIS	SECRETARY	2.00	Officer Director	$0	$0	$0
LISA HANDLEY	TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTINE JONES	DIRECTOR	2.00	Director	$0	$0	$0
TUCKER QUAYLE	CHAIRMAN	2.00	Officer Director	$0	$0	$0
STEPHAN ZABILSKI	DIRECTOR	2.00	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	$45,059,754	$44,821,076	$271,186,127	$238,678
2024	No data	No data	No data	No data
2023	$43,711,653	$40,922,891	$263,352,984	$2,788,762
2022	$36,188,185	$34,004,819	$267,753,850	$2,183,366
2021	$30,935,961	$29,781,315	$267,805,808	$1,154,646
2020	$32,672,363	$29,841,856	$194,373,025	$2,830,507
2019	$31,752,725	$31,445,903	$192,295,553	$306,822
2018	$28,538,688	$26,640,920	$190,518,971	$1,897,768

GREATHEARTS ARIZONA