HASTINGS CHRISTIAN SCHOOL

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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

2022

Principal Officer

CHAD HAYGOOD

Phone

2566276830

Tax Period

2024-01-01 to 2024-12-31

HASTINGS CHRISTIAN SCHOOL, founded in 2022, is a small nonprofit in the Education sector that reported $372K in total revenue in fiscal year 2024. The organization ran a surplus of $264K, a strong 71% operating margin.

Mission

OUR MISSION IS TO DISCIPLE IMAGE BEARERS TO LOVE GOD, TO TRAIN IN TRUE DISCERNMENT AND EQUIP THEM TO RIGHTLY ORDER THEIR LOVE.

Program Service Accomplishments

Program 1

Expenses: $96,986 Revenue: $68,572

HASTINGS CHRISTIAN SCHOOL UTILIZES THE TRIVIUM (GRAMMAR, LOGIC, AND RHETORIC) TO CULTIVATE DEEP LEARNING. RATHER THAN MERELY FOCUSING ON INFORMATION, WE ARE PRIMARILY FOCUSED ON FORMATION. STUDENTS WILL MOVE FROM CONCRETE KNOWLEDGE (GRAMMAR) TO PUZZLING TOWARDS TRUTH (LOGIC) TO WISDOM POURING OUT (RHETORIC) IN THE VARIOUS SUBJECTS AND TOPICS THEY STUDY. IN THE PRIMARY YEARS, OUR DESIRE IS TO CULTIVATE WONDER AND CURIOSITY SO THAT CHILDREN SEEK TRUTH AS THEY INTERROGATE THE WORLD AROUND THEM. IN THE SECONDARY YEARS, WE WANT STUDENTS TO DEEPLY PONDER AND WRESTLE TOWARDS TRUTH WHILE STUDYING A VARIETY OF ENGAGING THOUGHTS, IDEAS, AND PHILOSOPHIES. OUR ULTIMATE ACADEMIC AIM IS MASTERY, WHEREBY STUDENTS BECOME DEEPLY PROFICIENT IN EACH FIELD OF STUDY, SO THAT THEY CAN APPLY MASTERFUL UNDERSTANDING TO THEIR FUTURE ENDEAVORS AND ULTIMATELY DISCERN THE RIGHT FROM THE ALMOST RIGHT.

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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 $303,530

Program Service Revenue $68,572

Investment Income $0

Other Revenue $263

TOTAL REVENUE $372,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,183

Fundraising Expenses $0

Program Expenses $96,986

Other Expenses $46,043

TOTAL EXPENSES $108,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,365	N/A	N/A
Expenses	$108,226	N/A	N/A
Net Income	$264,139	N/A	N/A

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
CHAD HAYGOOD	PRESIDENT	10.00	Officer Director	$0	$0	$0
GARRETT WATKINS	VP/TREASURER	5.00	Officer Director	$0	$0	$0
CHAD ANDERSON	SECRETARY	5.00	Officer 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
2024	$372,365	$108,226	$658,621	$264,139
2022	$210,517	No data	$210,517	No data