HERITAGE HALL SCHOOL INC (EIN 730783395) - 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

1969

Legal Domicile

Principal Officer

AARON FETROW

Phone

4057493001

Tax Period

2024-07-01 to 2025-06-30

HERITAGE HALL SCHOOL INC, founded in 1969, is a mid-sized nonprofit in the Education sector that reported $28.7M in total revenue in fiscal year 2024. Expenses of $25.8M left a modest 10% surplus.

Mission

TO INSPIRE IN EACH CHILD THE CURIOSITY TO LEARN, (CONTINUED ON SCH. O)THE SELF-CONFIDENCE TO LEAD AND THE COMPASSION TO SERVE.

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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 $2,604,753

Program Service Revenue $25,607,618

Investment Income $201,522

Other Revenue $312,981

TOTAL REVENUE $28,726,874

Expense Breakdown

Grants Paid $2,134,841

Salaries & Benefits $14,863,953

Fundraising Expenses $682,463

Program Expenses $22,731,054

Other Expenses $8,823,879

TOTAL EXPENSES $25,822,673

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,726,874	$28,710,399	+0.0%
Expenses	$25,822,673	$23,874,742	+0.1%
Net Income	$2,904,201	$4,835,657	-0.4%

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

284

Volunteers

168

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

$516,732

Total Directors

Key Employees

$377,311

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM BLALOCK	CHAIR	2.00	Officer Director	$0	$0	$0
JEFF RITENOUR	TREASURER	2.00	Officer Director	$0	$0	$0
TONY LOPRESTO	SECRETARY	2.00	Officer Director	$0	$0	$0
CATHY TOMPKINS	PAST CHAIR	2.00	Officer Director	$0	$0	$0
BETSY JETT GASKE	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID DONCHIN	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL JACKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN KENNEDY	BOARD MEMBER	2.00	Director	$0	$0	$0
EMILY KITCH	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID LALONDE	BOARD MEMBER	2.00	Director	$0	$0	$0
AMBER MARTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
EDIE ROODMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
IAN SELF	BOARD MEMBER	2.00	Director	$0	$0	$0
DIKRAN TOURIAN	BOARD MEMBER	2.00	Director	$0	$0	$0
KENYON WOODS	BOARD MEMBER	2.00	Director	$0	$0	$0
AARON L FETROW	PRESIDENT	50.00	Officer	$310,812	$33,579	$344,391
MICHAEL MYERS	CFO (START 06/24)	50.00	Officer	$89,711	$16,444	$106,155
RICHARD MAGANN	CFO (THRU 05/24)	50.00	Officer	$61,111	$5,075	$66,186
GENIFER M RING	VICE PRESIDENT	50.00	Key Emp	$152,362	$23,991	$176,353
MATTHEW CAROLAN	HEAD OF SCHOOL	50.00	Key Emp	$174,609	$26,349	$200,958
CHRIS GFELLER	ATHLETIC DIRECTOR	50.00	Highest	$113,871	$18,883	$132,754
D KEITH CASSELL	UPPER SCHOOL DIVISION HEAD	50.00	Highest	$110,040	$13,679	$123,719
ELIZABETH L HORN	LOWER SCHOOL DIVISION HEAD	50.00	Highest	$107,141	$18,847	$125,988
WILLIAM A STANTON	MIDDLE SCHOOL DIVISION HEAD	50.00	Highest	$107,456	$51,224	$158,680
JAY FREEMAN	DIRECTOR OF OPERATIONS	1.00	Highest	$101,978	$13,157	$115,135

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	$28,726,874	$25,822,673	$63,448,553	$2,904,201
2024	$28,710,399	$23,874,742	$54,974,461	$4,835,657
2023	$22,817,716	$22,812,855	$29,193,808	$4,861
2022	$20,300,302	$21,175,094	$28,052,209	$-874,792
2021	$20,863,460	$19,883,006	$29,893,924	$980,454
2020	$18,274,237	$18,672,140	$29,033,520	$-397,903
2019	$17,778,188	$17,583,709	$28,280,260	$194,479
2018	$16,226,980	$16,498,639	$28,513,139	$-271,659

HERITAGE HALL SCHOOL INC