HERITAGE CHRISTIAN ACADEMY (EIN 261736013) - 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

2008

Legal Domicile

Principal Officer

CHRISTOPHER BUCHANAN

Phone

8282931163

Tax Period

2022-07-01 to 2023-06-30

HERITAGE CHRISTIAN ACADEMY, founded in 2008, is a small nonprofit in the Education sector that reported $742K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $655K left a modest 12% surplus.

Mission

TO ESTABLISH, PROMOTE AND MAINTAIN A CHRISTIAN SCHOOL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $310,979

Program Service Revenue $412,003

Investment Income $2,595

Other Revenue $16,500

TOTAL REVENUE $742,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $457,894

Fundraising Expenses $17,060

Program Expenses $501,865

Other Expenses $197,188

TOTAL EXPENSES $655,082

Year-over-Year Comparison

	2022	2021	Change
Revenue	$742,077	$808,368	-0.1%
Expenses	$655,082	$587,661	+0.1%
Net Income	$86,995	$220,707	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS BUCHANAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
TOM MCCLURE	SCHOOL DIRECTOR	10.00	Director	$0	$0	$0
PHIL STACK	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
TAMMY BROWN	BOARD MEMBER	2.00	Director	$0	$0	$0
TERRY ASHE	BOARD MEMBER	5.00	Director	$0	$0	$0
JAMIE MELTON	BOARD MEMBER	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$742,077	$655,082	$1,224,155	$86,995
2022	$808,368	$587,661	$729,578	$220,707
2021	$542,071	$468,100	$484,803	$73,971
2020	$450,989	$524,440	$427,192	$-73,451

HERITAGE CHRISTIAN ACADEMY