TMA Heritage Foundation Inc (EIN 455615288) - 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

2012

Legal Domicile

Principal Officer

Darryl De Ruiter

Phone

4079712221

Tax Period

2023-07-01 to 2024-06-30

TMA Heritage Foundation Inc, founded in 2012, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 229% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 66% operating margin.

Mission

The Organization financially supports the ministry and activities of The Master's Academy of Central Florida, Inc. and its affiliated exempt organizations.

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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 $2,233,550

Program Service Revenue $0

Investment Income $516,287

Other Revenue $0

TOTAL REVENUE $2,749,837

Expense Breakdown

Grants Paid $885,606

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $885,606

Other Expenses $47,274

TOTAL EXPENSES $932,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,749,837	$835,474	+2.3%
Expenses	$932,880	$64,137	+13.5%
Net Income	$1,816,957	$771,337	+1.4%

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

N/A

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

$331,476

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Timothy Pursley	Chairman/Director	1.00	Officer Director	$0	$0	$0
Yiqiang Dennis Wen	Treasurer/Director	0.50	Officer Director	$0	$0	$0
Dr Bradley Jahnke	Secretary/Director	0.50	Officer Director	$0	$0	$0
Dr Dana Dionne	Former President (End 11/23)	0.50	Officer	$0	$17,123	$331,476
Darryl De Ruiter	President (Beg 6/24)	0.50	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	No data	No data	No data	No data
2024	$2,749,837	$932,880	$14,790,663	$1,816,957
2023	$835,474	$64,137	$12,633,305	$771,337
2022	$903,297	$640,210	$11,732,230	$263,087
2021	$2,320,572	$305,188	$11,873,441	$2,015,384
2020	$2,077,930	$42,550	$8,962,751	$2,035,380
2019	$316,111	$1,682,910	$7,444,199	$-1,366,799
2018	$353,882	$822,893	$8,732,275	$-469,011

TMA Heritage Foundation Inc