Horizon Science Academy Denison Middle School (EIN 202003228) - 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

Ramazan Celep

Phone

2167399911

Tax Period

2024-07-01 to 2025-06-30

Horizon Science Academy Denison Middle School, founded in 2004, is a community nonprofit in the Education sector that reported $5.4M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 20% operating margin.

Mission

Horizon Science Academy Denison Middle School is a public charter school serving grades K through 8 for children in Cleveland, 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 $5,302,983

Program Service Revenue $47,250

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,350,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,454,677

Fundraising Expenses $0

Program Expenses $4,275,079

Other Expenses $1,820,402

TOTAL EXPENSES $4,275,079

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,350,233	$4,446,321	+0.2%
Expenses	$4,275,079	$3,671,498	+0.2%
Net Income	$1,075,154	$774,823	+0.4%

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

Total Directors

Key Employees

$82,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Cameron	School Principal	040.00	Key Emp	$82,000	$0	$82,000
Caglar Guler	Board Member	001.00	Director	$0	$0	$0
Mustafa Arslan	Board Member	001.00	Director	$0	$0	$0
Marie Bonilla	Board Member	001.00	Director	$0	$0	$0
Donald Malloy	Board President	001.00	Director	$0	$0	$0
Robert Hasan	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	$5,350,233	$4,275,079	$7,959,082	$1,075,154
2024	$4,446,321	$3,671,498	$7,176,805	$774,823
2023	$5,757,160	$4,146,085	$6,312,765	$1,611,075
2022	$4,762,372	$3,077,628	$5,365,303	$1,684,744
2021	$3,925,271	$2,991,615	$2,950,099	$933,656
2020	$3,721,631	$3,310,362	$2,213,209	$411,269
2019	$3,357,751	$2,874,839	$1,320,407	$482,912

Horizon Science Academy Denison Middle School