HERITAGE ACADEMY SC (EIN 873841822) - 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

ALANA MARCHEL

Phone

8436944984

Tax Period

2024-07-01 to 2025-06-30

HERITAGE ACADEMY SC, founded in 2021, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 15% operating deficit.

Mission

PROVIDE MIDDLE AND HIGH EDUCATIONAL EXPERIENCE THAT EMPOWERS AND PREPARES ALL SCHOLARS TO RECOGNIZE THE FULLNESS OF THEIR IDENTITY TO DETERMINE, PURSUE, AND SUCCEED THE FUTURE OF THEIR CHOICE. IN ACCORDANCE WITH OUR MISSION, WE BELIEVE EVERYTHING WE DO MUST BE ROOTED IN GULLAH GEECHEE HERITAGE AND STRIVE FOR ACADEMIC EXCELLENCE.

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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 $1,039,030

Program Service Revenue $0

Investment Income $0

Other Revenue $536

TOTAL REVENUE $1,039,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $534,366

Fundraising Expenses $24,388

Program Expenses $301,941

Other Expenses $665,036

TOTAL EXPENSES $1,199,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,039,566	$566,789	+0.8%
Expenses	$1,199,402	$407,410	+1.9%
Net Income	$-159,836	$159,379	-2.0%

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

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

$121,942

Total Directors

$121,942

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALANA JENKINS MARCHEL	EXECUTIVE DIR/PRINCIPAL	40.00	Officer Director	$121,942	$0	$121,942
AMBER SPEIGHTS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY T JACOBS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINA WASHINGTOM	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH RUTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER OPHARDT	BOARD CHAIR	1.00	Officer	$0	$0	$0
KYLENE LEBBY DAVIS	SECRETARY	1.00	Officer	$0	$0	$0
ROBERT KING	TREASURER	1.00	Officer	$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	$1,039,566	$1,199,402	$131,856	$-159,836
2024	No data	No data	No data	No data
2023	$4,000	$3,554	$446	$446
2022	No data	No data	No data	No data

HERITAGE ACADEMY SC