HERITAGE CHRISTIAN SCHOOL (EIN 421386017) - 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

1992

Legal Domicile

Principal Officer

SCOTT KALLEMEYN

Phone

3196264777

Tax Period

2024-07-01 to 2025-06-30

HERITAGE CHRISTIAN SCHOOL, founded in 1992, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

PARTNER WITH PARENTS TO PROVIDE BIBLICALLY FAITHFUL, ACADEMICALLY EXCELLENT 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 (2024)

Revenue Breakdown

Contributions & Grants $321,726

Program Service Revenue $1,946,474

Investment Income $16,842

Other Revenue $15,811

TOTAL REVENUE $2,300,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,393,100

Fundraising Expenses $0

Program Expenses $1,632,224

Other Expenses $874,213

TOTAL EXPENSES $2,267,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,300,853	$1,824,863	+0.3%
Expenses	$2,267,313	$1,905,491	+0.2%
Net Income	$33,540	$-80,628	-1.4%

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

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

$122,363

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER STOAKES	PRESIDENT	3.00	Officer Director	$0	$0	$0
SCOTT KALLEMEYN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
BRAD BEANE	SECRETARY	3.00	Officer Director	$0	$0	$0
TIM INSKO	TREASURER	3.00	Officer Director	$0	$0	$0
LANCE VAN WYK	DIRECTOR	3.00	Director	$0	$0	$0
MARY PALMER	DIRECTOR	3.00	Director	$0	$0	$0
CLAYTON PENROD	DIRECTOR	3.00	Director	$0	$0	$0
BRIAN GOODBAR	HEAD OF SCHOOL	40.00	Officer	$122,363	$0	$122,363

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	$2,300,853	$2,267,313	$3,588,809	$33,540
2024	$1,824,863	$1,905,491	$3,645,597	$-80,628
2023	$1,641,711	$1,678,610	$3,807,796	$-36,899
2022	$1,787,556	$1,810,607	$3,865,912	$-23,051
2021	$1,866,966	$1,637,926	$3,947,752	$229,040
2020	$1,520,869	$1,485,186	$3,983,606	$35,683
2019	$1,312,824	$1,437,144	$3,849,346	$-124,320

HERITAGE CHRISTIAN SCHOOL