HERITAGE K-8 CHARTER SCHOOL (EIN 300176736) - 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

2006

Legal Domicile

Principal Officer

JONATHAN TAKAGI

Phone

7607373111

Tax Period

2024-07-01 to 2025-06-30

HERITAGE K-8 CHARTER SCHOOL, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $17.5M in total revenue in fiscal year 2024. Expenses of $15.6M left a modest 11% surplus.

Mission

TO OPERATE, MANAGE, GUIDE AND DIRECT HERITAGE K-8 PUBLIC CHARTER 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 (2024)

Revenue Breakdown

Contributions & Grants $17,173,632

Program Service Revenue $52

Investment Income $329,340

Other Revenue $0

TOTAL REVENUE $17,503,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,881,946

Fundraising Expenses $0

Program Expenses $8,835,332

Other Expenses $4,747,769

TOTAL EXPENSES $15,629,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,503,024	$16,949,334	+0.0%
Expenses	$15,629,715	$16,462,751	-0.1%
Net Income	$1,873,309	$486,583	+2.8%

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

185

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

$525,734

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN RONER	Executive Dir.	2.00	Officer	$0	$59,859	$303,202
JONATHAN TAKAGI	BUSINESS MGR	2.00	Officer	$0	$49,479	$222,532
SANDRA KNAPP	PRINCIPAL	40.00		$147,162	$42,520	$189,682
MARC GILBERTSON	PRINCIPAL	40.00		$161,235	$27,732	$188,967
JASON GAYLORD	PRINCIPAL	40.00		$131,867	$32,285	$164,152
DARYLL JOHNSON	DATA COORDINATOR	40.00		$105,895	$18,478	$124,373
DENISE LASLEY	TEACHER	40.00		$98,434	$15,825	$114,259
BRIAN WILLIAMS	President	2.00	Officer Director	$0	$0	$0
MATT POUND	Vice President	2.00	Officer Director	$0	$0	$0
STEVE TUGWELL	CFO	2.00	Officer Director	$0	$0	$0
AUDRA CATLETT	CLERK	2.00	Officer Director	$0	$0	$0
BARRY COLEY	MEMBER	2.00	Director	$0	$0	$0
FADIA KNIGHT	MEMBER	2.00	Director	$0	$0	$0
JOHN CLASS	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	$17,503,024	$15,629,715	$32,717,426	$1,873,309
2024	$16,949,334	$16,462,751	$30,940,792	$486,583
2023	$17,146,469	$14,002,529	$32,352,754	$3,143,940
2022	$13,882,654	$15,239,402	$6,469,529	$-1,356,748
2021	$12,057,601	$10,995,332	$6,858,341	$1,062,269
2020	$11,830,810	$13,047,810	$6,736,183	$-1,217,000
2019	$11,974,770	$10,286,960	$6,981,749	$1,687,810
2018	$10,179,229	$10,204,810	$5,831,431	$-25,581

HERITAGE K-8 CHARTER SCHOOL