Horizon Science Academy Toledo (EIN 200524037) - 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

2003

Legal Domicile

Principal Officer

Ramazan Celep

Phone

4194743350

Tax Period

2024-07-01 to 2025-06-30

Horizon Science Academy Toledo, founded in 2003, is a community nonprofit in the Education sector that reported $8.8M in total revenue in fiscal year 2024. Expenses of $9.9M exceeded revenue, resulting in a 13% operating deficit.

Mission

Horizon Science Academy Toledo is a public charter school that serving grades K through 12 for children in Toledo, OH. The school is a college prep school focusing on math, science and technology education.

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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 $8,705,389

Program Service Revenue $69,627

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,775,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,574,558

Fundraising Expenses $0

Program Expenses $9,892,198

Other Expenses $4,317,640

TOTAL EXPENSES $9,892,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,775,016	$8,933,789	0.0%
Expenses	$9,892,198	$9,172,680	+0.1%
Net Income	$-1,117,182	$-238,891	+3.7%

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

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

Total Directors

Key Employees

$99,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rachel Snyder	School Principal	040.00	Key Emp	$99,000	$0	$99,000
Melissa Beland	Board Member	001.00	Director	$0	$0	$0
Jacqueline Blueitt	Board Member	001.00	Director	$0	$0	$0
Bill Brown	Board President	001.00	Director	$0	$0	$0
Michelle Thomas	Board Member	001.00	Director	$0	$0	$0
Raymond Collins	Board Member	001.00	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	$8,775,016	$9,892,198	$15,077,993	$-1,117,182
2024	No data	No data	No data	No data
2023	$10,968,917	$8,521,966	$17,120,684	$2,446,951
2022	$8,692,576	$7,108,958	$14,442,752	$1,583,618
2021	$7,835,205	$6,117,570	$3,975,902	$1,717,635
2020	$5,951,574	$6,053,968	$2,635,313	$-102,394
2019	$6,162,600	$5,475,042	$2,580,146	$687,558

Horizon Science Academy Toledo