GREAT HEARTS PROPERTIES LOUISIANA INC (EIN 872836576) - 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

2021

Legal Domicile

Principal Officer

JAY HEILER

Phone

6024387045

Tax Period

2024-07-01 to 2025-06-30

GREAT HEARTS PROPERTIES LOUISIANA INC, founded in 2021, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $2.0M exceeded revenue, resulting in a 40% operating deficit.

Mission

TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATION, GREATHEARTS AMERICA, A 501(C)(3) PUBLIC CHARITY.

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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 $21,878

Program Service Revenue $1,399,413

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,421,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,723,014

Other Expenses $1,985,825

TOTAL EXPENSES $1,985,825

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,421,291	$1,399,412	+0.0%
Expenses	$1,985,825	$2,353,200	-0.2%
Net Income	$-564,534	$-953,788	-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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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

$1,192,199

Total Directors

$1,029,657

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY HEILER	PRESIDENT	2.00	Officer Director	$0	$23,050	$456,750
DANIEL SCOGGIN	SECRETARY	2.00	Officer Director	$0	$25,882	$382,530
MATTHEW BUSHARD	TREASURER	2.00	Officer Director	$0	$12,292	$190,377
SAMUEL HEISMAN	HEAD OF SCHO	40.00	Officer	$0	$16,418	$162,542
HOLLY MANUEL	FINANCE MANA	40.00	Highest	$0	$13,298	$127,814

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	$1,421,291	$1,985,825	$33,774,986	$-564,534
2024	$1,399,412	$2,353,200	$34,689,451	$-953,788
2023	No data	$2,183	$32,797,660	No data
2022	$12,750,000	$962	$13,962,581	$12,749,038

GREAT HEARTS PROPERTIES LOUISIANA INC