HERITAGE ACADEMY INC (EIN 452729657) - 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

Tax Period

2023-07-01 to 2024-06-30

HERITAGE ACADEMY INC, founded in 2011, is a small nonprofit in the Education sector that reported $460K in total revenue in fiscal year 2017. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $123K, a strong 27% operating margin.

Mission

THE SCHOOLS MISSION IS TO PARTNER WITH PARENTS IN THE EDUCATION OF THEIR CHILDREN,DEVELOPING ACADEMIC EXCELLENCE, STRONG MORAL CHARACTER, AND A LOVE FOR LEARNING ALL WITHIN THE FRAMEWORK OF A NURTURING CHRISTIAN ENVIRONMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $14,923

Program Service Revenue $408,874

Investment Income $37,378

Other Revenue $15,578

TOTAL REVENUE $476,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $351,327

Fundraising Expenses $0

Program Expenses $450,234

Other Expenses $140,746

TOTAL EXPENSES $492,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$476,753	$644,051	-0.3%
Expenses	$492,073	$508,354	0.0%
Net Income	$-15,320	$135,697	-1.1%

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	Role	Reportable Comp	Other Comp	Total
ADRIENNE CREATH	SECRETARY	Officer Director	$0	$0	$0
DEBORAH MANN	DIRECTOR	Officer Director	$0	$0	$0
DOUGLAS M JAMISON	PREIDENT	Officer Director	$0	$0	$0
STEVE DRISKILL	VICE PRESIDENT	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	$476,753	$492,073	$786,389	$-15,320
2023	$644,051	$508,354	$801,798	$135,697
2022	$511,168	$421,193	$688,614	$89,975
2021	$398,689	$398,152	$603,755	$537
2021	$403,979	$400,715	$600,571	$3,264
2020	$458,739	$335,522	$599,536	$123,217
2018	$460,130	$337,333	$439,084	$122,797

HERITAGE ACADEMY INC