CHRISTIAN HERITAGE ACADEMY (EIN 363237612) - 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

1983

Legal Domicile

Principal Officer

J ANDERS BULLUCK

Phone

8474465252

Tax Period

2024-07-01 to 2025-06-30

CHRISTIAN HERITAGE ACADEMY, founded in 1983, is a community nonprofit that reported $9.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $8.0M left a modest 15% surplus.

Mission

CHRISTIAN HERITAGE ACADEMY EXISTS TO EQUIP & INSPIRE STUDENTS TO FOLLOW JESUS AND SERVE OTHERS.

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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 $2,837,362

Program Service Revenue $5,620,429

Investment Income $139,804

Other Revenue $832,165

TOTAL REVENUE $9,429,760

Expense Breakdown

Grants Paid $1,204,262

Salaries & Benefits $4,307,255

Fundraising Expenses $212,175

Program Expenses $6,489,960

Other Expenses $2,492,454

TOTAL EXPENSES $8,027,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,429,760	$8,345,106	+0.1%
Expenses	$8,027,971	$7,573,249	+0.1%
Net Income	$1,401,789	$771,857	+0.8%

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

114

Volunteers

260

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

$158,425

Total Directors

$158,425

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH TORGERSON	HEAD OF SCHOOL	45.00	Officer Director	$126,455	$31,970	$158,425
J ANDERS BULLUCK	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
KONRAD PIENAAR	BOARD VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
DANIEL TALLACKSEN	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL BARRACATO	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
BOB GUNTER	BOARD MEMBER	1.00	Director	$0	$0	$0
BROCK PEARSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT VAN TUINEN	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY KIM	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN RUSSELL	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWNALEE SHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM CHRISTIAN	BOARD MEMBER	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	$9,429,760	$8,027,971	$10,918,938	$1,401,789
2024	$8,345,106	$7,573,249	$9,675,506	$771,857
2023	$9,230,980	$6,565,012	$8,827,684	$2,665,968
2022	$6,730,735	$6,380,042	$6,647,555	$350,693
2021	$5,543,967	$5,584,300	$6,491,985	$-40,333
2020	$6,884,118	$6,292,677	$6,397,771	$591,441
2019	$5,993,200	$6,118,188	$6,012,719	$-124,988
2018	$5,732,084	$5,844,626	$6,031,475	$-112,542

CHRISTIAN HERITAGE ACADEMY