Heritage Instructional Services

EIN: 270857636 501(c)(3) Education

Catonsville, MD

Total Revenue
$288,183
Total Expenses
$248,789
Total Assets
N/A
Net Assets
N/A
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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
MD
Principal Officer
Cara Wilcox
Phone
4103818121
Tax Period
2024-08-01 to 2025-07-31

Heritage Instructional Services, founded in 2009, is a small nonprofit in the Education sector that reported $288K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $249K left a modest 14% surplus.

Mission

Core subject classes for homeschooled students

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $288,183
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $288,183

Expense Breakdown

Grants Paid $0
Salaries & Benefits $171,304
Fundraising Expenses $0
Program Expenses $248,789
Other Expenses $77,485
TOTAL EXPENSES $248,789

Year-over-Year Comparison

2024 2023 Change
Revenue $288,183 $250,699 +0.1%
Expenses $248,789 $265,974 -0.1%
Net Income $39,394 $-15,275 -3.6%
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

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Governance

Voting Members
10
Independent Members
10
Employees
33
Volunteers
30

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
0
$0
Total Directors
0
$0
Key Employees
4
$45,853
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cara Wilcox Program Admin 16.00
Key Emp
$27,736 $0 $27,736
Katharyn Valentine Secretary 4.00
Key Emp
$6,981 $0 $6,981
Marquita Wortham Board Member 3.00
Key Emp
$3,526 $0 $3,526
Debbie Crone Board Member 7.00
Key Emp
$7,610 $0 $7,610
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 $288,183 $248,789 No data $39,394
2024 $250,699 $265,974 No data $-15,275
2023 $253,571 $234,417 No data $19,154
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