Magnolia Heritage Academy (EIN 475585810) - 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

2015

Legal Domicile

Principal Officer

Morgan Honeycutt

Phone

2813895112

Tax Period

2024-01-01 to 2024-12-31

Magnolia Heritage Academy, founded in 2015, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

Magnolia Heritage Academy is a homeschool hybrid campus. Our goal is to expand beyond traditional learning experiences with inspirational learning opportunities. At MHA, we believe in a partnership between teachers, parents, and students. We use Christian based curriculum and students attend three days a week.

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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 $201,137

Program Service Revenue $947,868

Investment Income $2,199

Other Revenue $0

TOTAL REVENUE $1,151,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $684,480

Fundraising Expenses $31,908

Program Expenses $1,088,360

Other Expenses $477,960

TOTAL EXPENSES $1,162,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,151,204	$874,278	+0.3%
Expenses	$1,162,440	$864,456	+0.3%
Net Income	$-11,236	$9,822	-2.1%

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

$67,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Morgan Honeycutt	Director	40.00	Officer	$67,200	$0	$67,200
Terri Burton	Director	10.00	Officer	$0	$0	$0
Brandy Williams	Director	15.00	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
2024	$1,151,204	$1,162,440	$106,396	$-11,236
2023	$874,278	$864,456	$85,346	$9,822
2022	$704,117	$673,483	$68,795	$30,634
2021	$481,424	$431,139	$60,957	$50,285
2020	$301,286	$348,396	$7,468	$-47,110

Magnolia Heritage Academy