HICKORY DAY SCHOOL INC

EIN: 561837105 501(c)(3)

HICKORY, NC

Total Revenue
$1,733,210
Total Expenses
$1,960,059
Total Assets
$4,551,856
Net Assets
$2,938,031
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NC
Principal Officer
SHELLEY HOLTSCLAW
Phone
8282569492
Tax Period
2024-08-01 to 2025-07-31

HICKORY DAY SCHOOL INC, founded in 1993, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Expenses of $2.0M exceeded revenue, resulting in a 13% operating deficit.

Mission

INSTILLS IN ITS STUDENTS A LOVE OF LEARNING IN A UNIQUE ENVIRONMENT THAT EMPHASIZES ACADEMIC EXCELLENCE, CRITICAL-THINKING SKILLS, AND GLOBAL PERSPECTIVES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $244,403
Program Service Revenue $1,402,403
Investment Income $9,526
Other Revenue $76,878
TOTAL REVENUE $1,733,210

Expense Breakdown

Grants Paid $18,646
Salaries & Benefits $1,278,554
Fundraising Expenses $965
Program Expenses $1,591,692
Other Expenses $662,859
TOTAL EXPENSES $1,960,059

Year-over-Year Comparison

2024 2023 Change
Revenue $1,733,210 $1,801,541 0.0%
Expenses $1,960,059 $1,943,116 +0.0%
Net Income $-226,849 $-141,575 +0.6%
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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Governance

Voting Members
9
Independent Members
9
Employees
31
Volunteers
60

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
3
$227,812
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD SEAY HEAD OF SCHOOL (OUTGOING) 40.00
Officer
$117,390 $8,333 $125,723
SHELLEY HOLTSCLAW FINANCE DIRECTOR 40.00
Officer
$85,300 $16,789 $102,089
DAVID BLAKE HEAD OF SCHOOL (INCOMING) 40.00
Officer
$0 $0 $0
LT THOMPSON PRESIDENT 2.00
Director
$0 $0 $0
BEN DUKE TREASURER 2.00
Director
$0 $0 $0
SHANA WHITE BOARD OF TRUSTEES 2.00
Director
$0 $0 $0
BRIAN GEORGE VICE PRESIDENT 2.00
Director
$0 $0 $0
ELIZA HUCKS SECRETARY 2.00
Director
$0 $0 $0
MICHAEL THOMAS BOARD OF TRUSTEES 2.00
Director
$0 $0 $0
SARAH GREER BOARD OF TRUSTEES 2.00
Director
$0 $0 $0
MELISSA KILBY BOARD OF TRUSTEES 2.00
Director
$0 $0 $0
GARRET SNYDER BOARD OF TRUSTEES 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 $1,733,210 $1,960,059 $4,551,856 $-226,849
2024 $1,801,541 $1,943,116 $5,313,318 $-141,575
2023 $3,521,687 $1,720,696 $3,706,520 $1,800,991
2022 $1,677,072 $1,445,758 $1,942,266 $231,314
2021 $1,464,828 $1,380,213 $1,791,361 $84,615
2020 $1,426,724 $1,307,677 $1,722,407 $119,047
2019 $1,453,874 $1,326,196 $1,675,377 $127,678
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