Heritage Academy of NC Inc (EIN 815081779) - 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

2017

Legal Domicile

Principal Officer

Georgeanna Wiest

Phone

9196373781

Tax Period

2024-01-01 to 2024-12-31

Heritage Academy of NC Inc, founded in 2017, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

Primary and secondary education serving students in grades Kindergarten thru 12th grade. University Model school operating a hybrid model with a mix of classroom days and home days

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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 $73,972

Program Service Revenue $2,765,610

Investment Income $0

Other Revenue $8,386

TOTAL REVENUE $2,847,968

Expense Breakdown

Grants Paid $12,267

Salaries & Benefits $2,222,314

Fundraising Expenses $953

Program Expenses $2,458,148

Other Expenses $701,543

TOTAL EXPENSES $2,936,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,847,968	$2,361,358	+0.2%
Expenses	$2,936,124	$2,258,826	+0.3%
Net Income	$-88,156	$102,532	-1.9%

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

N/A

Employees

233

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

Total Directors

$3,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jerusha Miller	Director	30.00	Director	$3,250	$0	$3,250
Georgeanna Wiest	Executive Dir.	20.00	Officer Director	$0	$0	$0
David Wiest	Director	15.00	Director	$0	$0	$0
Timothy Miller	Director	5.00	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
2024	$2,847,968	$2,936,124	$408,953	$-88,156
2023	$2,361,358	$2,258,826	$497,109	$102,532
2022	$1,973,486	$1,947,750	$394,577	$25,736
2021	$1,524,855	$1,330,508	$368,841	$194,347
2020	$1,226,349	$1,112,569	$174,494	$113,780

Heritage Academy of NC Inc