THE HERITAGE FAMILY SCHOOL (EIN 742709925) - 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

1994

Legal Domicile

Principal Officer

CLINT DUBOSE

Phone

8309976597

Tax Period

2023-08-01 to 2024-07-31

THE HERITAGE FAMILY SCHOOL, founded in 1994, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $3.4M left a modest 13% surplus.

Mission

THE MISSION OF THE SCHOOL IS TO PROVIDE A DISTINCTIVE CLASSICAL AND CHRIST-CENTERED EDUCATION THAT PREPARES STUDENTS FOR SERVANT-LEADERSHIP AND LIVES THAT GLORIFY GOD.

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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 $1,107,707

Program Service Revenue $2,723,850

Investment Income $48,017

Other Revenue $-2,666

TOTAL REVENUE $3,876,908

Expense Breakdown

Grants Paid $350,215

Salaries & Benefits $2,077,615

Fundraising Expenses $0

Program Expenses $2,981,962

Other Expenses $957,896

TOTAL EXPENSES $3,385,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,876,908	$2,669,540	+0.5%
Expenses	$3,385,726	$2,974,633	+0.1%
Net Income	$491,182	$-305,093	-2.6%

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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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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TATE RICHBURG	TRUSTEE	1.00	Director	$0	$0	$0
JENN TRAVER	TRUSTEE	1.00	Director	$0	$0	$0
KENNY JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN GRAHAM	LIFE TRUSTEE	1.00	Director	$0	$0	$0
SARA NEEL	TRUSTEE	1.00	Director	$0	$0	$0
MATT ROBERTS	CHAIRMAN, BOARD OF TRUSTEE	5.00	Officer Director	$0	$0	$0
HUGH JONS	TREASURER, BOARD OF TRUSTEE	1.00	Officer Director	$0	$0	$0
ROB HOLSTER	SECRETARY, BOARD OF TRUSTEE	1.00	Officer Director	$0	$0	$0
DOYLE FEVIG	VICE CHAIRMAN, BOARD OF TRUSTEE	1.00	Officer Director	$0	$0	$0
CLINT DUBOSE	HEAD OF SCHOOL	40.00	Officer	$75,000	$0	$75,000

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	$3,876,908	$3,385,726	$8,597,780	$491,182
2023	$2,669,540	$2,974,633	$8,024,372	$-305,093
2022	$2,753,802	$2,611,658	$8,083,321	$142,144
2021	$34,731	$244,897	$7,985,025	$-210,166
2021	$2,314,544	$2,324,150	$8,120,784	$-9,606
2020	$2,149,313	$2,083,951	$8,035,324	$65,362
2019	$2,349,981	$2,316,237	$7,998,071	$33,744
2018	$2,330,886	$2,155,009	$8,155,701	$175,877

THE HERITAGE FAMILY SCHOOL