HERITAGE CHRISTIAN SCHOOLS INC (EIN 391255868) - 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

1978

Legal Domicile

Principal Officer

JEREMY KASSULKE

Phone

2624320333

Tax Period

2023-07-01 to 2024-06-30

HERITAGE CHRISTIAN SCHOOLS INC, founded in 1978, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $7.0M left a modest 7% surplus.

Mission

CHRISTIAN EDUCATION

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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 $364,114

Program Service Revenue $6,751,149

Investment Income $50,217

Other Revenue $436,443

TOTAL REVENUE $7,601,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,509,400

Fundraising Expenses $159,775

Program Expenses $6,668,317

Other Expenses $2,538,027

TOTAL EXPENSES $7,047,427

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,601,923	$6,588,059	+0.2%
Expenses	$7,047,427	$6,441,165	+0.1%
Net Income	$554,496	$146,894	+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

N/A

Employees

145

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
ZUWENA COTTON	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
CINDY ELLIS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHARONNE GANIERE	SECRETARY	N/A	Officer Director	$0	$0	$0
JEREMY KASSULKE	PRESIDENT	N/A	Officer Director	$0	$0	$0
DR MARK STANTON	HEAD OF SCHO	N/A	Director	$0	$0	$0
GORDON A YOUNG	TREASURER	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	$7,601,923	$7,047,427	$11,067,706	$554,496
2023	$6,588,059	$6,441,165	$10,404,336	$146,894
2022	$6,403,349	$5,502,138	$9,766,972	$901,211
2021	$6,530,393	$5,324,991	$7,779,491	$1,205,402
2021	$6,530,393	$5,013,038	$8,091,444	$1,517,355
2020	$5,622,578	$4,911,600	$7,313,406	$710,978
2019	$5,343,878	$4,699,569	$6,227,030	$644,309

HERITAGE CHRISTIAN SCHOOLS INC