HERITAGE ACADEMY INCORPORATED (EIN 851401422) - 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

2020

Legal Domicile

Principal Officer

AARON ANDERSON

Phone

4062578799

Tax Period

2024-07-01 to 2025-06-30

HERITAGE ACADEMY INCORPORATED, founded in 2020, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $224K, a strong 19% operating margin.

Mission

HERITAGE ACADEMY PARTNERS WITH FAMILIES TO CULTIVATE THE SOULS OF THEIR CHILDREN SO THEY GROW IN WISDOM AND VIRTUE AS WE SEEK TO LOVE GOD AND OTHERS. VISION: FAMILIES UNITED IN THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.

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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 $516,110

Program Service Revenue $639,973

Investment Income $457

Other Revenue $2,904

TOTAL REVENUE $1,159,444

Expense Breakdown

Grants Paid $230

Salaries & Benefits $729,607

Fundraising Expenses $58,953

Program Expenses $561,134

Other Expenses $206,044

TOTAL EXPENSES $935,881

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,159,444	$1,206,400	0.0%
Expenses	$935,881	$908,857	+0.0%
Net Income	$223,563	$297,543	-0.2%

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

$8,643

Total Directors

$8,643

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA QUAST	SECRETARY/TR	2.50	Officer Director	$0	$8,643	$8,643
AARON ANDERSON	CHAIRMAN	1.50	Officer Director	$0	$0	$0
MARK OCHENRIDER	TRUSTEE	1.50	Director	$0	$0	$0
JOHN THOMAS	VICE CHAIRMA	1.50	Officer Director	$0	$0	$0
DAN TINTZMAN	TRUSTEE	1.50	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	$1,159,444	$935,881	$933,023	$223,563
2024	$1,206,400	$908,857	$584,644	$297,543
2023	$662,177	$670,781	$288,668	$-8,604
2022	$795,469	$540,878	$295,786	$254,591
2021	$335,334	$297,917	$46,487	$37,417

HERITAGE ACADEMY INCORPORATED