HERITAGE SCHOOLS INC

EIN: 870514958 501(c)(3) Mental Health

PROVO, UT

Total Revenue
$21,934,188
Total Expenses
$22,089,230
Total Assets
$2,225,347
Net Assets
$-3,456,747
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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
1993
Legal Domicile
UT
Principal Officer
KEVIN CURTIS
Phone
8012264600
Tax Period
2024-07-01 to 2025-06-30

HERITAGE SCHOOLS INC, founded in 1993, is a mid-sized nonprofit in the Mental Health sector that reported $21.9M in total revenue in fiscal year 2024.

Mission

PROVIDE COST EFFECTIVE AND HIGH QUALITY THERAPUTIC TREATMENT TO ADOLESCENTS IN A SCHOOL ENVIRONMENT

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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 (2024)

Revenue Breakdown

Contributions & Grants $36,537
Program Service Revenue $21,897,651
Investment Income $0
Other Revenue $0
TOTAL REVENUE $21,934,188

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,075,107
Fundraising Expenses $0
Program Expenses $17,101,466
Other Expenses $5,014,123
TOTAL EXPENSES $22,089,230

Year-over-Year Comparison

2024 2023 Change
Revenue $21,934,188 $21,541,718 +0.0%
Expenses $22,089,230 $22,371,715 0.0%
Net Income $-155,042 $-829,997 -0.8%
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
7
Independent Members
6
Employees
617
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
2
$453,086
Total Directors
6
$14,500
Key Employees
2
$394,590
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVENSON G SMITH BOARD MEMBER 1.00
Director
$3,000 $0 $3,000
BRAD JACKMAN BOARD MEMBER 1.00
Director
$3,500 $0 $3,500
JALEE CLARKE BOARD MEMBER 1.00
Director
$2,000 $0 $2,000
JAMES EVANS BOARD MEMBER 1.00
Director
$2,000 $0 $2,000
STACY EDGINGTON BOARD MEMBER 1.00
Director
$2,000 $0 $2,000
JINI ROBY BOARD MEMBER 1.00
Director
$2,000 $0 $2,000
KEVEN CURTIS CHIEF OPERATING OFFICER 40.00
Officer
$215,822 $0 $215,822
KEVIN DOWNS CHIEF EXECUTIVE OFFICER 40.00
Officer
$237,264 $0 $237,264
ALEX REID DIGITAL SERVICES DIRECTOR 40.00
Key Emp
$151,535 $0 $151,535
JAMIS LEEPER MEDICAL DIRECTOR 40.00
Key Emp
$243,055 $0 $243,055
NEIL WALLACE EXECUTIVE DIRECTOR 40.00
Highest
$149,774 $0 $149,774
DISA BROCK NURSE PRACTIONER 40.00
Highest
$139,264 $0 $139,264
CLINT PETERSON NURSE PRACTIONER 40.00
Highest
$160,790 $0 $160,790
BRAD FRY EXECUTIVE DIRECTOR 40.00
Highest
$139,782 $0 $139,782
GEORGE BALLEW CLINICAL SERVICES 40.00
Highest
$128,550 $0 $128,550
GERALD SPANOS CURRENT BOARD CHAIRMAN 40.00
$124,680 $0 $124,680
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 $21,934,188 $22,089,230 $2,225,347 $-155,042
2024 No data No data No data No data
2023 $19,737,780 $20,912,543 $1,800,249 $-1,174,763
2022 $17,821,164 $18,924,598 $2,100,804 $-1,103,434
2021 $18,749,522 $17,839,906 $3,381,237 $909,616
2020 $16,526,702 $17,146,559 $5,609,178 $-619,857
2019 $18,170,653 $16,447,723 $4,680,518 $1,722,930
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