GREAT HEARTS LOUISIANA INC

EIN: 862990158 501(c)(3) Education

BATON ROUGE, LA

Total Revenue
$7,219,377
Total Expenses
$7,118,901
Total Assets
$7,190,946
Net Assets
$500,393
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
LA
Principal Officer
MATTHEW BUSHARD
Phone
2254167611
Tax Period
2023-07-01 to 2024-06-30

GREAT HEARTS LOUISIANA INC, founded in 2021, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2023. Revenue surged 414% from the prior year, signaling strong growth momentum.

Mission

A GREAT HEARTS LOUISIANA INC EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,093,222
Program Service Revenue $126,155
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,219,377

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,527,619
Fundraising Expenses $66,144
Program Expenses $5,489,182
Other Expenses $3,591,282
TOTAL EXPENSES $7,118,901

Year-over-Year Comparison

2023 2022 Change
Revenue $7,219,377 $1,405,000 +4.1%
Expenses $7,118,901 $1,236,543 +4.8%
Net Income $100,476 $168,457 -0.4%
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

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
75

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
5
$521,361
Total Directors
7
$371,997
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WADE DYKE CHAIRMAN 2.00
Officer Director
$0 $34,627 $371,997
ADONICA PELICHET DUGGAN VICE CHAIRWOMAN 2.00
Officer Director
$0 $0 $0
ERIN FRANCO DIRECTOR 2.00
Director
$0 $0 $0
TY GOSE DIRECTOR 2.00
Director
$0 $0 $0
DAVID WHIDDEN III SECRETARY 2.00
Officer Director
$0 $0 $0
ELISHA MCCARDELL DIRECTOR 2.00
Director
$0 $0 $0
KATHY VICTORIAN TREASURER 2.00
Officer Director
$0 $0 $0
SAMUEL J HEISMAN HEAD OF SCHOOL 40.00
Officer
$0 $19,727 $149,364
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 $7,219,377 $7,118,901 $7,190,946 $100,476
2023 $1,405,000 $1,236,543 $1,107,201 $168,457
2022 $250,000 $11,713 $250,291 $238,287
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