HERITAGE UNIVERSITY (EIN 911160585) - 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

1981

Legal Domicile

Principal Officer

CHRIS GILMER

Phone

5098658500

Tax Period

2024-07-01 to 2025-06-30

HERITAGE UNIVERSITY, founded in 1981, is a mid-sized nonprofit in the Education sector that reported $46.0M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.2M, a strong 24% operating margin.

Mission

HERITAGE UNIVERSITY IS A NON-PROFIT, INDEPENDENT, NON-DENOMINATIONAL ACCREDITED INSTITUTION OF HIGHER EDUCATION OFFERING UNDERGRADUATE AND GRADUATE EDUCATION. ITS MISSION IS TO PROVIDE QUALITY, ACCESSIBLE HIGHER EDUCATION TO MULTICULTURAL POPULATIONS, WHICH HAVE BEEN UNDERSERVED IN THE YAKIMA VALLEY.

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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 $13,028,312

Program Service Revenue $29,983,205

Investment Income $2,425,411

Other Revenue $548,403

TOTAL REVENUE $45,985,331

Expense Breakdown

Grants Paid $4,970,923

Salaries & Benefits $17,486,909

Fundraising Expenses $972,433

Program Expenses $24,023,151

Other Expenses $12,330,927

TOTAL EXPENSES $34,788,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,985,331	$31,975,643	+0.4%
Expenses	$34,788,759	$29,316,058	+0.2%
Net Income	$11,196,572	$2,659,585	+3.2%

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

443

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

$626,523

Total Directors

$359,318

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW SUND	HERITAGE PRESIDENT (THRU 6/25)	40.00	Officer Director	$326,150	$33,168	$359,318
BOB GERST	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SAUNDRA HILL	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
GERARDO RUELAS	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICK OSHIE	TREASURER	1.00	Officer Director	$0	$0	$0
DOUGLAS LAWRENCE	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHLEEN C HILTON	PAST CHAIR	1.00	Director	$0	$0	$0
ALEX VERA	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON PARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA KAMINSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH MENDOZA	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY STROM	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLEN WALLACH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN FRAIRE	BOARD MEMBER	1.00	Director	$0	$0	$0
KIP RAMSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
LIN MACMASTER	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI ARVISO ALVORD	BOARD MEMBER	1.00	Director	$0	$0	$0
NICHOLE MAHER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROY SIMMS	BOARD MEMBER	1.00	Director	$0	$0	$0
MAXINE JANIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE GONZALEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MIMI GARDNER GATES	BOARD MEMBER	1.00	Director	$0	$0	$0
CONNIE FALCON	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL CHILES	BOARD MEMBER	1.00	Director	$0	$0	$0
DEREK RED ARROW FRANK	BOARD MEMBER	1.00	Director	$0	$0	$0
RAUL SITAL	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ARLEN WASHINES	BOARD MEMBER	1.00	Director	$0	$0	$0
ELMER WARD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARICELA SANCHEZ	BOARD MEMBER (THRU 6/25)	1.00	Director	$0	$0	$0
PHILIP RIGDON	BOARD MEMBER (THRU 6/25)	1.00	Director	$0	$0	$0
RUSSELL LIDMAN	BOARD MEMBER (THRU 6/25)	1.00	Director	$0	$0	$0
DR MELISSA HILL	PROVOST/VP OF ACADEMIC AFFAIRS	40.00	Officer	$140,369	$20,836	$161,205
SAUNDRA FLEMING	INTERIM CFO	40.00	Officer	$106,000	$0	$106,000
DAVID WISE	VP OF ADVANCEMENT/MARKETING	40.00	Highest	$147,561	$20,836	$168,397
COREY HODGE	VP OF STUDENT AFFAIRS	40.00	Highest	$147,079	$20,506	$167,585
MARTIN VALADEZ TORRES	VP OF STRATEGIC INITIATES	40.00	Highest	$144,659	$20,440	$165,099
KAZHIRO SONODA	PROFESSOR ARTS & SCIENCE	40.00	Highest	$140,952	$10,165	$151,117
JOEL THOME	CHAIR, DEPARTMENT OF NURSING	40.00	Highest	$146,020	$20,583	$166,603

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	$45,985,331	$34,788,759	$93,970,470	$11,196,572
2024	No data	No data	No data	No data
2024	$31,975,643	$29,316,058	$80,770,321	$2,659,585
2023	$31,129,982	$28,378,099	$69,939,929	$2,751,883
2022	$32,176,102	$28,864,019	$66,026,305	$3,312,083
2021	$36,946,289	$26,887,338	$68,456,151	$10,058,951
2020	$25,248,426	$25,006,086	$56,286,986	$242,340
2019	$26,518,848	$26,230,882	$56,678,010	$287,966
2018	$32,603,196	$28,487,413	$56,450,453	$4,115,783

HERITAGE UNIVERSITY