PHOENIX, AZ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GREATHEARTS AMERICA, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $18.5M in total revenue in fiscal year 2024. Expenses of $22.8M exceeded revenue, resulting in a 23% operating deficit.
GREAT HEARTS IS A NON-PROFIT NETWORK OF PUBLIC CHARTER SCHOOLS DEDICATED TO IMPROVING EDUCATION NATIONWIDE THROUGH CLASSICAL PREPARATORY K-12 ACADEMIES. A GREAT HEARTS EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS AND BEAUTY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $18,511,969 | $18,763,863 | 0.0% |
| Expenses | $22,759,092 | $17,450,805 | +0.3% |
| Net Income | $-4,247,123 | $1,313,058 | -4.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DANIEL SCOGGIN | CHIEF ACADEM | 40.00 |
Officer
Director
|
$356,648 | $25,882 | $382,530 |
| JAY HEILER | CEO | 40.00 |
Officer
Director
|
$433,700 | $23,050 | $456,750 |
| RON ZOROMSKI | PRIOR CFO | 40.00 |
Officer
|
$156,770 | $11,597 | $168,367 |
| MATTHEW BUSHARD | CFO | 40.00 |
Officer
|
$178,085 | $12,292 | $190,377 |
| JAROLD TAWNEY | CHIEF ACADEM | 40.00 |
Officer
|
$177,068 | $20,107 | $197,175 |
| JERILYN OLSON | CHIEF PEOPLE | 40.00 |
Officer
|
$177,068 | $15,502 | $192,570 |
| KURT DAVIS | VICE CHAIR | 2.00 |
Director
|
$0 | $0 | $0 |
| STEVE WHEELER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MEGAN BEUS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DOUGLAS CUMMINGS | SR VP OF BUS | 40.00 |
Highest
|
$194,000 | $17,237 | $211,237 |
| ROGER LAMARCA | SR VP OF BUS | 40.00 |
Highest
|
$181,770 | $20,435 | $202,205 |
| KIANN MAPES | VP FACULTY T | 40.00 |
Highest
|
$159,881 | $21,662 | $181,543 |
| URIAN ANZALDUA | SR DIR OF FI | 40.00 |
Highest
|
$149,466 | $1,596 | $151,062 |
| HELEN BAXENDALE | VP ANALYTICS | 40.00 |
Highest
|
$144,507 | $3,428 | $147,935 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $18,511,969 | $22,759,092 | $11,374,549 | $-4,247,123 |
| 2024 | No data | No data | No data | No data |
| 2023 | $16,058,535 | $15,238,172 | $14,882,729 | $820,363 |
| 2022 | $10,138,207 | $9,694,119 | $11,428,841 | $444,088 |
| 2021 | $5,329,608 | $5,089,241 | $8,205,781 | $240,367 |
| 2020 | $5,088,972 | $4,540,370 | $6,043,670 | $548,602 |
| 2019 | $4,154,961 | $4,144,265 | $4,612,836 | $10,696 |
| 2018 | $2,760,862 | $3,195,784 | $3,593,645 | $-434,922 |
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