HERITAGE CHRISTIAN ACADEMY (EIN 452641911) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

DON WAHLMAN

Phone

2059786001

Tax Period

2024-06-01 to 2025-05-31

HERITAGE CHRISTIAN ACADEMY, founded in 2011, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2019. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 4% surplus.

Mission

THIS IS A CHRISTIAN SCHOOL MINISTRY, GRADES K3 THROUGH 12. THE SCHOOL PROVIDES A STRONG ACADEMIC PROGRAM WITHIN THE CONTEXT OF THE BIBLICAL WORLDVIEW.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $330,168

Program Service Revenue $1,712,009

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,042,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,334,021

Fundraising Expenses $5,326

Program Expenses $1,983,734

Other Expenses $741,403

TOTAL EXPENSES $2,075,424

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,042,177	$1,975,141	+0.0%
Expenses	$2,075,424	$2,117,973	0.0%
Net Income	$-33,247	$-142,832	-0.8%

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

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
SHANNON PATTERSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
DON WAHLMAN	HEADMASTER	N/A	Officer	$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	$2,042,177	$2,075,424	$1,473,596	$-33,247
2024	$1,975,141	$2,117,973	$1,495,132	$-142,832
2023	$1,948,990	$2,178,515	$1,552,081	$-229,525
2022	$1,800,648	$1,679,509	$1,718,284	$121,139
2021	$1,631,762	$1,646,322	$1,693,423	$-14,560
2020	$1,503,189	$1,438,088	$1,746,993	$65,101

HERITAGE CHRISTIAN ACADEMY