HEART OF MARY SCHOOL INC

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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

2022

Legal Domicile

Principal Officer

KARLOS FINLEY

Phone

2513016210

Tax Period

2022-07-01 to 2023-06-30

HEART OF MARY SCHOOL INC, founded in 2022, is a small nonprofit in the Education sector that reported $587K in total revenue in fiscal year 2022. Revenue surged 165% from the prior year, signaling strong growth momentum. Expenses of $512K left a modest 13% surplus.

Mission

HEART OF MARY SCHOOL STRIVES TO NURTURE STUDENTS WHO ARE FAITHFUL TO JESUS CHRIST, COMMITTED TO THEIR STUDIES, AND PROUD OF THEMSELVES, THEIR CULTURE, AND THEIR SCHOOL, ALL WITHIN THE CONTEXT OF A SAFE AND JOYFUL LEARNING ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $413,943 Revenue: $586,584

PROVIDE A FAITH BASED MORALLY STRONG EDUCATION COMPLIMENTED BY A STATE OF THE ART CURRICULUM

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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 $247,911

Program Service Revenue $338,673

Investment Income $0

Other Revenue $0

TOTAL REVENUE $586,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $337,121

Fundraising Expenses $0

Program Expenses $413,943

Other Expenses $174,899

TOTAL EXPENSES $512,020

Year-over-Year Comparison

	2022	2021	Change
Revenue	$586,584	$221,748	+1.6%
Expenses	$512,020	$91	+5625.6%
Net Income	$74,564	$221,657	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARLOS F FINLEY	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
KERN M JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
COLLETTE M HUFF	SECRETARY	1.00	Officer Director	$0	$0	$0
FINNEGAN O GINA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREAU D GROCE	TREASURER	1.00	Officer Director	$0	$0	$0
MICHELLE DUBOSE ADAMS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
OLIVER WASHINGTON IV	DIRECTOR	1.00	Director	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$586,584	$512,020	$303,779	$74,564
2022	$221,748	$91	$221,657	$221,657