HERITAGE CHRISTIAN ACADEMY (EIN 260624806) - 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

2007

Legal Domicile

Phone

9704941022

Tax Period

2023-08-01 to 2024-07-31

HERITAGE CHRISTIAN ACADEMY, founded in 2007, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE NON-DENOMINATIONAL CHRISTIAN EDUCATION OPPORTUNITIES IN FORT COLLINS AND THE NORTHERN COLORADO REGION.

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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 $241,547

Program Service Revenue $2,064,935

Investment Income $32,754

Other Revenue $97,996

TOTAL REVENUE $2,437,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,497,687

Fundraising Expenses $22,765

Program Expenses $2,350,353

Other Expenses $875,431

TOTAL EXPENSES $2,373,118

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,437,232	$2,245,504	+0.1%
Expenses	$2,373,118	$2,257,493	+0.1%
Net Income	$64,114	$-11,989	-6.3%

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

$95,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL P CUCKLER	ADMINISTRATOR	50.00	Officer	$95,700	$0	$95,700
ARLENE SAMUELSON	Director	1.00	Director	$0	$0	$0
JASON KRAFT	Director	1.00	Director	$0	$0	$0
CATHY HOLCOMBE	Director	1.00	Director	$0	$0	$0
TED SIMMONS	Director	1.00	Director	$0	$0	$0
ROBERT WEANT	Vice President	2.00	Director	$0	$0	$0
JILL BLACK	Treasurer	2.00	Director	$0	$0	$0
ZACH POOL	Director	1.00	Director	$0	$0	$0
JASON SIEMERS	Secretary	2.00	Director	$0	$0	$0
DAVID LACEY	President	3.00	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
2024	$2,437,232	$2,373,118	$1,599,410	$64,114
2023	$2,245,504	$2,257,493	$1,611,572	$-11,989
2022	$2,145,968	$2,059,455	$1,603,655	$86,513
2021	$1,833,403	$1,727,637	$1,476,389	$105,766
2020	$1,947,027	$1,627,097	$1,185,258	$319,930
2019	$1,854,161	$1,758,617	$931,473	$95,544
2018	$1,538,309	$1,502,191	$879,439	$36,118

HERITAGE CHRISTIAN ACADEMY