Heartwood Public Charter School (EIN 320646814) - 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

2021

Legal Domicile

Principal Officer

Benjamin Hardy

Phone

6036168157

Tax Period

2023-07-01 to 2024-06-30

Heartwood Public Charter School, founded in 2021, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $918K left a modest 10% surplus.

Mission

Heartwood Public Charter School utilizes a place based education model providing opportunities for students to build valuable relationships within the community through service, experiental learning and an integrated curriculum

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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 $951,165

Program Service Revenue $70,008

Investment Income $0

Other Revenue $3,706

TOTAL REVENUE $1,024,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $568,697

Fundraising Expenses $2,011

Program Expenses $748,653

Other Expenses $349,371

TOTAL EXPENSES $918,068

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,024,879	$1,114,209	-0.1%
Expenses	$918,068	$926,729	0.0%
Net Income	$106,811	$187,480	-0.4%

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

N/A

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

$48,689

Total Directors

$48,689

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Allysia Guy	Trustee	1.00	Director	$0	$0	$0
Dana Holcomb	Trustee	1.00	Director	$0	$0	$0
Marissa Rexford	Trustee	1.00	Director	$0	$0	$0
Bethany Bond	Secretary	5.00	Officer Director	$45,833	$2,856	$48,689
Ben Hardy	Chair	1.00	Officer Director	$0	$0	$0
Stacey Zemla	Vice Chair	1.00	Officer Director	$0	$0	$0
Alayna Signorello	Head of School	40.00	Highest	$56,158	$2,856	$59,014
Tom Schram	Trustee	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	No data	No data	No data	No data
2024	$1,024,879	$918,068	$1,056,476	$106,811
2023	$1,114,209	$926,729	$878,228	$187,480
2022	$131,030	$105,521	$635,306	$25,509

Heartwood Public Charter School