HERITAGE ACADEMY INC (EIN 860757062) - 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

JARED TAYLOR

Phone

4809695641

Tax Period

2022-07-01 to 2023-06-30

HERITAGE ACADEMY INC, founded in 1994, is a mid-sized nonprofit in the Education sector that reported $18.1M in total revenue in fiscal year 2022. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $15.9M left a modest 12% surplus.

Mission

PROVIDE STUDENTS WITH A CLEAN, MORAL, POSITIVE ATMOSPHERE. ENCOURAGE STUDENTS TO MASTER THE PRIMARY AND SECONDARY SKILLS IN THE FIELDS OF HISTORY, MATH, WRITING, LITERATURE, GRAMMAR, READING, AND SCIENCE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,092,948

Program Service Revenue $15,808,350

Investment Income $114,508

Other Revenue $85,242

TOTAL REVENUE $18,101,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,055,851

Fundraising Expenses $0

Program Expenses $14,550,968

Other Expenses $4,891,852

TOTAL EXPENSES $15,947,703

Year-over-Year Comparison

	2022	2021	Change
Revenue	$18,101,048	$15,049,784	+0.2%
Expenses	$15,947,703	$13,689,819	+0.2%
Net Income	$2,153,345	$1,359,965	+0.6%

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

249

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

$374,302

Total Directors

$519,884

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND JONES	DIRECTOR	1.00	Director	$0	$0	$0
MARIE RENARD	DIRECTOR	40.00	Director	$115,218	$0	$115,218
JARED TAYLOR	CHAIRMAN/CEO	23.00	Officer Director	$171,423	$0	$171,423
HEIDI UDALL	PRINCIPAL	40.00	Director	$122,786	$0	$122,786
EVE SEAMAN	DIRECTOR	40.00	Director	$110,457	$0	$110,457
ERIK VOGELSBERG	CFO	23.00	Officer	$202,879	$0	$202,879

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$18,101,048	$15,947,703	$33,737,315	$2,153,345
2022	$15,049,784	$13,689,819	$19,748,664	$1,359,965
2021	$13,455,385	$12,806,289	$18,363,649	$649,096
2020	$10,208,481	$10,593,329	$18,216,595	$-384,848
2019	$6,131,169	$6,577,358	$18,249,500	$-446,189

HERITAGE ACADEMY INC