Noble Academy Cleveland (EIN 204451404) - 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

2006

Legal Domicile

Principal Officer

Ramazan Celep

Phone

2164868866

Tax Period

2024-07-01 to 2025-06-30

Noble Academy Cleveland, founded in 2006, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $5.5M left a modest 12% surplus.

Mission

Noble Academy Cleveland is a public charter school that serving grades K through 8 for children in Cleveland, OH. The school is a college prep chool 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 $6,175,873

Program Service Revenue $66,236

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,242,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,066,443

Fundraising Expenses $0

Program Expenses $5,477,864

Other Expenses $2,411,421

TOTAL EXPENSES $5,477,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,242,109	$5,598,135	+0.1%
Expenses	$5,477,864	$5,229,550	+0.0%
Net Income	$764,245	$368,585	+1.1%

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

$87,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gurtug Yalvac	School Principal	040.00	Key Emp	$87,000	$0	$87,000
Donald Malloy	Board President	001.00	Director	$0	$0	$0
Caglar Guler	Board Member	001.00	Director	$0	$0	$0
Robert Hassan	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

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	$6,242,109	$5,477,864	$7,063,461	$764,245
2024	$5,598,135	$5,229,550	$6,645,065	$368,585
2023	$6,255,243	$5,425,203	$6,366,133	$830,040
2022	$5,943,526	$4,804,704	$5,059,822	$1,138,822
2021	$4,702,774	$4,528,007	$3,809,343	$174,767
2020	$4,451,544	$4,635,505	$2,977,513	$-183,961
2019	$4,254,709	$3,848,115	$2,600,259	$406,594

Noble Academy Cleveland