Heritage Christian Academy (EIN 550554190) - 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

1975

Legal Domicile

Principal Officer

Sattis R Parsons

Phone

3042735396

Tax Period

2024-07-01 to 2025-06-30

Heritage Christian Academy, founded in 1975, is a small nonprofit that reported $163K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

Christian Education provided for approximately 50 children grades K4-12 , achieved through training children in walk of life, service to God and country, and turning out good citizens. Some 100 parents involved.

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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 $123,834

Program Service Revenue $8,240

Investment Income $2

Other Revenue $31,037

TOTAL REVENUE $163,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,388

Fundraising Expenses $0

Program Expenses $158,354

Other Expenses $78,966

TOTAL EXPENSES $158,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$163,113	$255,867	-0.4%
Expenses	$158,354	$183,043	-0.1%
Net Income	$4,759	$72,824	-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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Deacon Board Second Baptist Church	Board Members	002.00	Director	$0	$0	$0
S Richard Parsons	Administrator	005.00	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
2025	$163,113	$158,354	$261,113	$4,759
2024	$255,867	$183,043	$253,740	$72,824
2023	$216,489	$181,453	$213,945	$35,036
2022	$205,378	$208,416	$178,914	$-3,038
2021	$192,068	$168,211	$182,119	$23,857
2020	$155,843	$158,223	$158,304	$-2,380
2019	$268,782	$239,303	$170,987	$29,479

Heritage Christian Academy