HERITAGE CHRISTIAN SCHOOL (EIN 550750658) - 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

1996

Legal Domicile

Principal Officer

MICHAEL LAYNE

Phone

3048421740

Tax Period

2023-08-01 to 2024-07-31

HERITAGE CHRISTIAN SCHOOL, founded in 1996, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE A FAITH BASED PRIVATE CHRISTIAN DAY SCHOOL.

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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 $84,336

Program Service Revenue $1,012,413

Investment Income $0

Other Revenue $81,194

TOTAL REVENUE $1,177,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $737,352

Fundraising Expenses $0

Program Expenses $1,116,120

Other Expenses $535,580

TOTAL EXPENSES $1,272,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,177,943	$1,199,336	0.0%
Expenses	$1,272,932	$1,116,886	+0.1%
Net Income	$-94,989	$82,450	-2.2%

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

$65,375

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LAYNE	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOSEPH HUFFMAN	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
KAREEN DAVISSON	TREASURER	4.00	Officer Director	$0	$0	$0
STACIE DULIN	SECRETARY	4.00	Officer Director	$0	$0	$0
ANDREW WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
RODNEY COOPER	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY ETRIS	ADMINISTRATOR	40.00	Officer	$65,375	$0	$65,375

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	$1,177,943	$1,272,932	$1,900,756	$-94,989
2023	$1,199,336	$1,116,886	$1,658,549	$82,450
2022	$1,263,467	$1,147,002	$1,195,323	$116,465
2021	$1,264,714	$956,510	$906,434	$308,204
2020	$901,556	$869,988	$643,760	$31,568
2019	$963,176	$900,089	$546,452	$63,087
2018	$896,215	$898,440	$431,383	$-2,225

HERITAGE CHRISTIAN SCHOOL