HORIZON SCIENCE ACADEMY-CINCINNATI (EIN 201850035) - 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

2004

Legal Domicile

Principal Officer

ABDURRAHMAN AKKUREK

Phone

5132420099

Tax Period

2023-07-01 to 2024-06-30

HORIZON SCIENCE ACADEMY-CINCINNATI, founded in 2004, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $4.4M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE MISSION OF HORIZON SCIENCE ACADEMY-CINCINNATI IS TO FOSTER AND ENVIRONMENT OF INQUIRY AND A LOVE OF LEARNING SO STUDENTS ARE PREPARED TO THRIVE IN A STEM-FOCUSED HIGH SCHOOL, COLLEGE AND THE WORLD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,684,749

Program Service Revenue $19,695

Investment Income $37,951

Other Revenue $0

TOTAL REVENUE $3,742,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,290,511

Fundraising Expenses $0

Program Expenses $3,994,122

Other Expenses $2,073,844

TOTAL EXPENSES $4,364,355

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,742,395	$4,096,058	-0.1%
Expenses	$4,364,355	$3,652,431	+0.2%
Net Income	$-621,960	$443,627	-2.4%

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

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

$79,000

Total Directors

$79,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABDURRAHMAN AKKUREK	SCHOOL PRINC	40.00	Officer Director	$79,000	$0	$79,000
DAVID DITMARS	BOARD MEMBER	1.00	Director	$0	$0	$0
AHMET ERDAL	TREASURER	1.00	Officer Director	$0	$0	$0
DR ZEKERIYA KARATAS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR SAVAS KAYA	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR AYSEGUL KING	BOARD MEMBER	1.00	Director	$0	$0	$0
YUNUS SAHINKAYA	BOARD MEMBER	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	$3,742,395	$4,364,355	$3,367,561	$-621,960
2023	$4,096,058	$3,652,431	$3,138,143	$443,627
2022	$2,867,437	$2,496,850	$2,931,209	$370,587
2021	$3,088,726	$2,131,258	$1,639,274	$957,468
2020	$2,453,713	$2,150,319	$1,153,721	$303,394
2019	$2,634,134	$2,015,917	$1,164,829	$618,217
2018	$3,276,127	$1,503,740	$1,350,008	$1,772,387

HORIZON SCIENCE ACADEMY-CINCINNATI