HERITAGE ACADEMY C/O KERA PENT

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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

KERA PENT

Phone

6506410280

Tax Period

2024-07-01 to 2025-06-30

HERITAGE ACADEMY C/O KERA PENT, founded in 2008, is a small nonprofit that reported $974K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 31% operating deficit.

Mission

PROVIDE CLASSICAL EDUCATION WITH A CHRISTIAN WORLDVIEW FOR STUDENTS GRADES KINDERGARTEN THROUGH 8TH GRADE.

Program Service Accomplishments

Program 1

Expenses: $1,239,123 Revenue: $915,670

PROVIDED INSTRUCTION AND LIVE TRAINING TO TEACHERS REGARDING SCHOOL CULTURE AND STUDENT LEARNING TYPES.

Program 2

PLANNED MULTIPLE SPECIAL EVENTS FOR MEMBERS AND ALUMNI OF THE SCHOOL COMMUNITY TO MEMORIALIZE THE INPACT HAD ON STUDENTS FOR ALMOST TWO DECADES.

Program 3

HIRED NEW STAFF MEMBERS TO SERVICE ALL STUDENTS, SUBJECTS, AND GRADE LEVELS.

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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 $58,336

Program Service Revenue $915,670

Investment Income $0

Other Revenue $0

TOTAL REVENUE $974,006

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,046,078

Fundraising Expenses $0

Program Expenses $1,239,123

Other Expenses $230,909

TOTAL EXPENSES $1,276,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$974,006	$817,828	+0.2%
Expenses	$1,276,987	$1,001,700	+0.3%
Net Income	$-302,981	$-183,872	+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

$54,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARILYN DAVIDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN POONEN	BOARD MEMBER/SECRETARY	2.00	Officer Director	$0	$0	$0
KERA PENT	PRINCIPAL	40.00	Director	$54,000	$0	$54,000
CLIF DAVIDSON	CHAIRMAN/BOARD MEMBER	2.00	Officer Director	$0	$0	$0
VICKY POWERS	BOARD MEMBER	1.00	Director	$0	$0	$0
LANCE WESTCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK MASHER	BOARD MEMBER	1.00	Director	$0	$0	$0
DILLON THOMASSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TIA KJELLESVIG	BOARD MEMBER	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	$974,006	$1,276,987	No data	$-302,981
2024	$817,828	$1,001,700	$332,983	$-183,872
2023	$741,572	$832,067	$515,932	$-90,495
2022	$794,129	$715,813	$605,359	$78,316
2021	$1,016,803	$770,734	$527,722	$246,069
2020	$848,954	$746,956	$403,592	$101,998
2019	$768,708	$689,781	$167,654	$78,927