HERITAGE PREPARATORY SCHOOL OF GEORGIA INC

EIN: 582403432 501(c)(3) Education

ATLANTA, GA

Total Revenue
$9,089,677
Total Expenses
$9,054,817
Total Assets
$23,150,403
Net Assets
$16,983,297
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
GA
Principal Officer
ERIN HAMES
Phone
4048157711
Tax Period
2024-08-01 to 2025-07-31

HERITAGE PREPARATORY SCHOOL OF GEORGIA INC, founded in 1998, is a community nonprofit in the Education sector that reported $9.1M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE STUDENTS WITH A CHALLENGING EDUCATIONAL EXPERIENCE DESIGNED TO HELP THEM KNOW, LOVE, & PRACTICE THAT WHICH IS TRUE & GOOD TO PREPARE THEM TO LIVE PURPOSEFULLY & INTELLIGENTLY IN THE SERVICE OF GOD & MAN.

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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 $2,910,185
Program Service Revenue $6,115,365
Investment Income $47,820
Other Revenue $16,307
TOTAL REVENUE $9,089,677

Expense Breakdown

Grants Paid $223,927
Salaries & Benefits $6,070,239
Fundraising Expenses $20,260
Program Expenses $8,405,621
Other Expenses $2,760,651
TOTAL EXPENSES $9,054,817

Year-over-Year Comparison

2024 2023 Change
Revenue $9,089,677 $12,473,870 -0.3%
Expenses $9,054,817 $8,428,741 +0.1%
Net Income $34,860 $4,045,129 -1.0%
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
8
Independent Members
8
Employees
86
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
4
$247,967
Total Directors
11
$247,967
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM F FAULK BOARD PRESIDENT 2.00
Officer Director
$0 $0 $0
DENNIS HOWIE FINANCE COMMITTEE CHAIR 2.00
Officer Director
$0 $0 $0
R GREGORY BLOODWORTH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ADAM STRANGE GOVERNANCE COMMITTEE CHAIR 1.00
Director
$0 $0 $0
STEPHANIE PEOPLES BOARD MEMBER 1.00
Director
$0 $0 $0
MARY PUGH BOARD MEMBER 1.00
Director
$0 $0 $0
MARK HAYES TREASURER 1.00
Director
$0 $0 $0
ERIN HAMES PRESIDENT OF SCHOOL AND HEADMASTER 40.00
Officer Director
$247,967 $0 $247,967
CHRISTIAN HEMPHILL BOARD MEMBER 1.00
Director
$0 $0 $0
ADAM LANGSTON BOARD MEMBER 1.00
Director
$0 $0 $0
KELLI LANIER BOARD MEMBER 1.00
Director
$0 $0 $0
MATT SKINNER PRESIDENT EMERITUS 1.00
$463,800 $0 $463,800
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 $9,089,677 $9,054,817 $23,150,403 $34,860
2024 $12,473,870 $8,428,741 $22,608,472 $4,045,129
2023 $7,822,647 $7,171,377 $22,100,715 $651,270
2022 $6,270,408 $5,426,901 $22,050,142 $843,507
2021 $12,266,670 $4,038,055 $21,338,275 $8,228,615
2020 $3,406,731 $3,875,575 $6,151,396 $-468,844
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