HEARTLAND CHRISTIAN ACADEMY INC (EIN 411382641) - 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

1980

Legal Domicile

Principal Officer

SETH VAN DYKE

Phone

2187511751

Tax Period

2024-07-01 to 2025-06-30

HEARTLAND CHRISTIAN ACADEMY INC, founded in 1980, is a small nonprofit in the Education sector that reported $537K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $96K, a strong 18% operating margin.

Mission

TO PROVIDE EDUCATION FOR STUDENTS FOR GRADES PREKINDERGARTEN THROUGH 12TH GRADE.

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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 $243,234

Program Service Revenue $280,189

Investment Income $1,207

Other Revenue $12,445

TOTAL REVENUE $537,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $323,314

Fundraising Expenses $0

Program Expenses $300,267

Other Expenses $118,000

TOTAL EXPENSES $441,314

Year-over-Year Comparison

	2024	2023	Change
Revenue	$537,075	$467,140	+0.1%
Expenses	$441,314	$440,243	+0.0%
Net Income	$95,761	$26,897	+2.6%

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

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

$46,882

Total Directors

$46,882

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBRA STEELE	BOARD MEMBER	1.00	Director	$0	$0	$0
SETH VAN DYKE	DIRECTOR OF OPERATIONS	40.00	Officer Director	$46,882	$0	$46,882
ERIN FOLLAND	SECRETARY	1.00	Officer Director	$0	$0	$0
JERRY VAUGHN	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
DAN STARKENBURG	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CHELSEY ERICKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ELYCIA VEIT	TREASURER	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	$537,075	$441,314	$324,886	$95,761
2024	$467,140	$440,243	$243,820	$26,897
2023	$442,397	$394,987	$222,498	$47,410
2022	$492,553	$544,930	$189,829	$-52,377
2021	$527,526	$456,890	$267,334	$70,636
2020	$358,696	$341,094	$244,009	$17,602
2019	$336,106	$362,810	$196,829	$-26,704
2018	$298,384	$295,637	$224,617	$2,747

HEARTLAND CHRISTIAN ACADEMY INC