HERITAGE ACADEMY INC (EIN 520889149) - 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

1969

Legal Domicile

Phone

3015822600

Tax Period

2023-07-01 to 2024-06-30

HERITAGE ACADEMY INC, founded in 1969, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 12% surplus.

Mission

OPERATION OF A CHRISTIAN SCHOOL WITH APPROXIMATELY 250 STUDENTS K4-12

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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 $127,211

Program Service Revenue $1,296,314

Investment Income $868

Other Revenue $23,200

TOTAL REVENUE $1,447,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $984,637

Fundraising Expenses $0

Program Expenses $973,155

Other Expenses $290,665

TOTAL EXPENSES $1,275,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,447,593	$1,226,009	+0.2%
Expenses	$1,275,302	$1,135,369	+0.1%
Net Income	$172,291	$90,640	+0.9%

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

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
TRAVIS HENDERSHOT	PRESIDENT	4.00	Officer Director	$0	$0	$0
BOBBIE SHANK SR	DIRECTOR	2.00	Director	$0	$0	$0
FRANK PEREIRA	SECRETARY	2.00	Officer Director	$0	$0	$0
MARY HORST	DIRECTOR	2.00	Officer Director	$0	$0	$0
STEVE LESCALLEET	TREASURER	2.00	Officer Director	$0	$0	$0
PETE MCMILLIN	DIRECTOR	2.00	Director	$0	$0	$0
ANNE GRAFF	DIRECTOR	2.00	Director	$0	$0	$0
DOUG GROVE	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW ROBINSON	DIRECTOR	2.00	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	$1,447,593	$1,275,302	$789,706	$172,291
2023	$1,226,009	$1,135,369	$600,425	$90,640
2022	$1,211,523	$1,082,578	$528,654	$128,945
2021	$1,257,133	$1,059,196	$407,353	$197,937

HERITAGE ACADEMY INC