HERITAGE ED (EIN 352520438) - 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

2014

Legal Domicile

Principal Officer

STUART D SAUNDERS

Phone

7139149778

Tax Period

2023-07-01 to 2024-06-30

HERITAGE ED, founded in 2014, is a small nonprofit in the Education sector that reported $343K in total revenue in fiscal year 2023. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $58K, a strong 17% operating margin.

Mission

THE ORGANIZATION HAS BEEN GRANTED A STATE CHARTER TO ESTABLISH AND OPERATE A CHARTER SCHOOL IN HOUSTON, TEXAS. HERITAGE ED WILL PROVIDE A FOCUSED CLASSICAL EDUCATION TO A DIVERSE COMMUNITY OF K-8 SCHOLARS BY DEVELOPING THEIR KNOWLEDGE TO A STATE OF WISDOM AND CHARACTER TO A STATE OF VIRTUE AND BY PREPARING THE SCHOLARS TO BECOME WELL-EDUCATED SELF-GOVERNING CITIZENS AND LEADERS FOR THE NEXT GENERATION OF AMERICA.

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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 $342,500

Program Service Revenue $0

Investment Income $231

Other Revenue $0

TOTAL REVENUE $342,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,111

Fundraising Expenses $0

Program Expenses $219,428

Other Expenses $153,736

TOTAL EXPENSES $284,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$342,731	$165,040	+1.1%
Expenses	$284,847	$182,971	+0.6%
Net Income	$57,884	$-17,931	-4.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA MARTIN	HEAD OF SCHO	40.00	Highest	$131,111	$0	$131,111
ARTHUR DONNELLY	DIRECTOR	N/A	Director	$0	$0	$0
SHARON GRIFFIN	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD HENDEE	DIRECTOR	N/A	Director	$0	$0	$0
KATHRYN VAN DER POL	DIRECTOR	N/A	Director	$0	$0	$0
STUART D SAUNDERS	PRESIDENT/DI	N/A	Officer 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	$342,731	$284,847	$99,547	$57,884
2023	$165,040	$182,971	$41,663	$-17,931
2022	$353,504	$331,090	$59,594	$22,414
2021	$215,004	$188,618	$37,180	$26,386

HERITAGE ED