Heritage School of Texas

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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

2011

Legal Domicile

Principal Officer

R Tyler Whann

Phone

2148032851

Tax Period

2024-06-01 to 2025-05-31

Heritage School of Texas, founded in 2011, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 9% surplus.

Mission

Heritage School of Texas was founded to provide students who have learning differences in the areas of speech and language and possess average to above average ability with a challenging and distinctively Christian education that joyfully engages their heart and minds in a classical framework.

Program Service Accomplishments

Program 1

Expenses: $1,340,598 Revenue: $1,372,354

School for handicapped students. Classes are to provide students who have learning differences with a challenging and joyful environment.

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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 $211,228

Program Service Revenue $1,372,354

Investment Income $157,250

Other Revenue $0

TOTAL REVENUE $1,740,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,312,377

Fundraising Expenses $0

Program Expenses $1,340,598

Other Expenses $274,090

TOTAL EXPENSES $1,586,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,740,832	$1,795,668	0.0%
Expenses	$1,586,467	$1,739,334	-0.1%
Net Income	$154,365	$56,334	+1.7%

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

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
R Tyler Whann	President	15.00	Officer Director	$0	$0	$0
Lisa Whann	Secretary	2.00	Officer Director	$0	$0	$0
McAlan Duncan	Vice President	5.00	Officer Director	$0	$0	$0
R Tyler Whann	Treasurer	15.00	Officer Director	$0	$0	$0
Charlotte Barto	Director	2.00	Director	$0	$0	$0
Johanna Wolverton	Director	2.00	Director	$0	$0	$0
Clint Cox IV	Director	2.00	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	$400	$240,720	$2,647,304	$-240,320
2025	$1,740,832	$1,586,467	$2,772,459	$154,365
2024	$1,795,668	$1,739,334	$2,637,680	$56,334
2023	$1,791,301	$1,609,105	$2,426,727	$182,196
2022	$1,953,333	$1,323,672	$2,466,203	$629,661
2021	$1,704,712	$1,600,433	$1,905,789	$104,279
2020	$1,761,317	$1,476,577	$1,545,797	$284,740
2019	$1,575,374	$1,471,760	$1,602,454	$103,614