Heritage Classical Christian Academy (EIN 431816787) - 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

1998

Legal Domicile

Principal Officer

Nancy Bollinger

Phone

6363948063

Tax Period

2023-06-01 to 2024-05-31

Heritage Classical Christian Academy, founded in 1998, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $362K, a strong 26% operating margin.

Mission

AIDING PARENTS IN THEIR RESPONSIBILITY TO EDUCATE THEIR CHILDREN SO THAT THEY MAY LOVE THE LORD THEIR GOD WITH ALL THEIR HEART, ALL THEIR SOUL, ALL THEIR MIND AND ALL THEIR STRENGTH.

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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 $207,260

Program Service Revenue $798,376

Investment Income $6,430

Other Revenue $381,329

TOTAL REVENUE $1,393,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $685,935

Fundraising Expenses $28,820

Program Expenses $859,713

Other Expenses $345,222

TOTAL EXPENSES $1,031,157

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,393,395	$813,338	+0.7%
Expenses	$1,031,157	$810,324	+0.3%
Net Income	$362,238	$3,014	+119.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennie Heskett	Treasurer	1.00	Officer Director	$0	$0	$0
Katie Ragsdale	Secretary	1.00	Officer Director	$0	$0	$0
Alan RICHARDSON	Chairman	1.00	Officer Director	$0	$0	$0
SHAWN LANE	Vice President	1.00	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	$1,393,395	$1,031,157	$1,649,294	$362,238
2023	$859,448	$810,324	$1,311,434	$49,124
2022	$831,758	$761,194	$1,289,266	$70,564
2021	$728,875	$758,080	$1,343,538	$-29,205

Heritage Classical Christian Academy