HERONFIELD ACADEMY (EIN 202291270) - 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

2003

Legal Domicile

Principal Officer

JOHN TURNER

Tax Period

2024-07-01 to 2025-06-30

HERONFIELD ACADEMY, founded in 2003, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 5% surplus.

Mission

HERONFIELD ACADEMY PROVIDES AN EXCEPTIONAL MIDDLE SCHOOL EXPERIENCE THAT EMPOWERS STUDENTS TO REACH THEIR HIGHEST LEVEL OF ACADEMIC AND PERSONAL ACHIEVEMENT. WE ARE COMMITED TO ENSURING THAT EVERY INDIVIDUAL IN OUR COMMUNITY IS SEEN, HEARD, KNOWN, AND VALUED.

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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 $122,862

Program Service Revenue $2,602,381

Investment Income $91,527

Other Revenue $41,711

TOTAL REVENUE $2,858,481

Expense Breakdown

Grants Paid $298,120

Salaries & Benefits $1,695,364

Fundraising Expenses $116,455

Program Expenses $2,091,103

Other Expenses $709,510

TOTAL EXPENSES $2,702,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,858,481	$2,848,883	+0.0%
Expenses	$2,702,994	$2,503,370	+0.1%
Net Income	$155,487	$345,513	-0.5%

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

$162,675

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN TURNER	HEAD OF SCHO	40.00	Officer	$162,675	$0	$162,675
DEBORAH HOBBS	EMPLOYEE	40.00	Highest	$113,580	$0	$113,580
RONALD KING	EMPLOYEE	40.00	Highest	$102,942	$0	$102,942
ANGELA CLOSSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DIANE DEVINE	TRUSTEE	1.00	Director	$0	$0	$0
BETH FINELLI	SECRETARY	1.00	Officer Director	$0	$0	$0
PETER GILMORE	TRUSTEE	1.00	Director	$0	$0	$0
MOLLY HEANEY	TRUSTEE	1.00	Director	$0	$0	$0
CAROLINE HOOPER	TRUSTEE	1.00	Director	$0	$0	$0
HARPER MARSHALL	TRUSTEE	1.00	Director	$0	$0	$0
AMY MCLAUGHLIN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JUSTIN MERRILL	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREW ROURKE	TRUSTEE	1.00	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	$2,858,481	$2,702,994	$5,187,887	$155,487
2024	$2,848,883	$2,503,370	$5,102,684	$345,513
2023	$2,571,989	$2,433,108	$4,878,768	$138,881
2022	$2,546,050	$2,239,932	$4,663,855	$306,118
2021	$2,844,052	$2,384,118	$4,518,755	$459,934
2020	$2,148,222	$2,109,605	$4,211,148	$38,617
2019	$2,273,250	$2,160,240	$4,009,170	$113,010

HERONFIELD ACADEMY