HENDERSON COLLEGIATE INC (EIN 264206516) - 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

2009

Legal Domicile

Principal Officer

ERIC SANCHEZ

Phone

2525981038

Tax Period

2023-07-01 to 2024-06-30

HENDERSON COLLEGIATE INC, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $21.7M in total revenue in fiscal year 2023. Expenses of $19.5M left a modest 10% surplus.

Mission

OPERATION OF A PUBLIC CHARTER SCHOOL IN HENDERSON, NC

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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 $21,128,776

Program Service Revenue $247,082

Investment Income $134,373

Other Revenue $157,876

TOTAL REVENUE $21,668,107

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,603,846

Fundraising Expenses $0

Program Expenses $15,925,404

Other Expenses $5,921,137

TOTAL EXPENSES $19,524,983

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,668,107	$21,736,836	0.0%
Expenses	$19,524,983	$16,785,678	+0.2%
Net Income	$2,143,124	$4,951,158	-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

232

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

$245,107

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE ROGERS	CHAIR & PRESIDENT	1.00	Officer Director	$0	$0	$0
KIM BUTLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SAMUEL WATKINS III	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS CHURCH	DIRECTOR	1.00	Director	$0	$0	$0
DR GARY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PUTNEY JR	DIRECTOR	1.00	Director	$0	$0	$0
DR BILL WOOTEN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SANCHEZ	CEO	40.00	Officer	$133,743	$0	$133,743
CARICE SANCHEZ	CHIEF ACADEMIC OFFICER	40.00	Officer	$111,364	$0	$111,364

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	$21,668,107	$19,524,983	$39,544,134	$2,143,124
2023	$21,736,836	$16,785,678	$35,113,264	$4,951,158
2022	$16,049,311	$15,620,658	$33,223,567	$428,653
2021	$16,220,503	$15,285,500	$34,215,458	$935,003
2020	$12,839,514	$15,124,034	$31,800,423	$-2,284,520

HENDERSON COLLEGIATE INC