HERITAGE CHRISTIAN UNIVERSITY (EIN 237013287) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

Kirk Brothers

Phone

2567666610

Tax Period

2023-07-01 to 2024-06-30

HERITAGE CHRISTIAN UNIVERSITY, founded in 1971, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2019. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $873K, a strong 19% operating margin.

Mission

Heritage Christian University equips servants through undergraduate and graduate and continuing education. HCU produces effective communicators, preachers, teachers and missionaries for real world ministry with a focus on evangelism and a commitment to Scripture. HCU is aware of the burden debt places on its students so HCU makes every effort to graduate students debt free.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,989,084

Program Service Revenue $1,121,209

Investment Income $1,928,882

Other Revenue $559,549

TOTAL REVENUE $10,598,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,290,506

Fundraising Expenses $684,109

Program Expenses $3,428,145

Other Expenses $2,166,883

TOTAL EXPENSES $4,458,374

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,598,724	$5,787,108	+0.8%
Expenses	$4,458,374	$4,525,134	0.0%
Net Income	$6,140,350	$1,261,974	+3.9%

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

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

$392,180

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
W Kirk Brothers	President	40	Officer	$90,067	$49,250	$139,317
Nathan Daily	V.P. of Academics	40	Officer	$55,000	$41,010	$96,010
Travis Harmon	V.P. of Student Services	40	Officer	$73,537	$20,404	$93,941
JT Harrison	V.P. of Advancement	40	Officer	$27,972	$34,940	$62,912
Wayne Barrier	Trustee	0	Director	$0	$0	$0
Dale Jenkins	Trustee	0	Director	$0	$0	$0
Dale Kirkland	Trustee	0	Director	$0	$0	$0
Alan Laguna	Trustee	0	Director	$0	$0	$0
Michael Chalmers	Trustee	0	Director	$0	$0	$0
Mark Miller	Trustee	0	Director	$0	$0	$0
Boyd Pate	Trustee	0	Director	$0	$0	$0
Don Posey	Trustee	0	Director	$0	$0	$0
Jerry Self	Trustee	0	Director	$0	$0	$0
Roger Copeland	Trustee	0	Director	$0	$0	$0
Dennis Stephen	Trustee	0	Director	$0	$0	$0
Tom Neth	Trustee	0	Director	$0	$0	$0
Mark Posey	Trustee	0	Director	$0	$0	$0
James Gray	Trustee	0	Director	$0	$0	$0
William Hodge	Trustee	0	Director	$0	$0	$0
Chris Miller	Trustee	0	Director	$0	$0	$0
Chuck Morris	Trustee	0	Director	$0	$0	$0
Melvin Otey	Trustee	0	Director	$0	$0	$0
Callie Rasberry	Trustee	0	Director	$0	$0	$0
Pam Ashley	Trustee	0	Director	$0	$0	$0
Betty Hamblen	Trustee	0	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	No data	No data	No data	No data
2024	$10,598,724	$4,458,374	$29,273,730	$6,140,350
2023	$5,787,108	$4,525,134	$23,274,297	$1,261,974
2022	$3,740,452	$4,073,541	$22,145,998	$-333,089
2021	$7,233,796	$3,728,743	$22,978,534	$3,505,053
2020	$4,520,084	$3,646,758	$19,196,743	$873,326

HERITAGE CHRISTIAN UNIVERSITY