The Heritage School Nonprofit Corporation (EIN 831922195) - 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

2018

Legal Domicile

Principal Officer

Stuart Rue

Phone

5035819625

Tax Period

2024-06-01 to 2025-05-31

The Heritage School Nonprofit Corporation, founded in 2018, is a small nonprofit in the Religion sector that reported $512K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $465K left a modest 9% surplus.

Mission

To provide elementary and middle school education using a child-centered model of education.

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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 $17,135

Program Service Revenue $485,440

Investment Income $8,950

Other Revenue $0

TOTAL REVENUE $511,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,608

Fundraising Expenses $0

Program Expenses $446,832

Other Expenses $208,524

TOTAL EXPENSES $465,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$511,525	$386,695	+0.3%
Expenses	$465,132	$381,790	+0.2%
Net Income	$46,393	$4,905	+8.5%

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
Henry Truong	Director	2.00	Director	$0	$0	$0
Amber Tuom Dorsey	Director	2.00	Officer Director	$0	$0	$0
Warren Griffin	Director	2.00	Director	$0	$0	$0
Zach Hull	Director	2.00	Director	$0	$0	$0
Stuart Rue	President	10.00	Officer Director	$0	$0	$0
Samuel Thomas	Treasurer	2.00	Officer Director	$0	$0	$0
Blake Shinn	Director	2.00	Director	$0	$0	$0
Kelsey Truong	Secretary	4.00	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
2025	$511,525	$465,132	$2,350,497	$46,393
2024	$386,695	$381,790	$2,390,159	$4,905
2023	$377,962	$386,104	$2,396,169	$-8,142
2022	$1,696,348	$305,270	$2,454,442	$1,391,078
2021	$369,811	$266,288	$264,121	$103,523
2020	$396,951	$321,813	$181,935	$75,138

The Heritage School Nonprofit Corporation