HORIZON SCIENCE ACADEMY INC HORIZON SCIENCE ACADEMY COLUMBUS (EIN 208641415) - 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

2007

Legal Domicile

Principal Officer

HASAN AKKAYA

Phone

6144286564

Tax Period

2022-07-01 to 2023-06-30

HORIZON SCIENCE ACADEMY INC HORIZON SCIENCE ACADEMY COLUMBUS, founded in 2007, is a community nonprofit in the Education sector that reported $9.9M in total revenue in fiscal year 2022. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 24% operating margin.

Mission

THE MISSION OF HORIZON SCIENCE ACADEMY, INC. IS TO PREPARE STUDENTS TO SUCCEED IN COLLEGE AND THE WORLD BY OFFERING A HIGH-QUALITY COLLEGE PREPARATORY AND STEM 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 (2022)

Revenue Breakdown

Contributions & Grants $9,831,601

Program Service Revenue $36,689

Investment Income $3,457

Other Revenue $0

TOTAL REVENUE $9,871,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,742,653

Fundraising Expenses $0

Program Expenses $6,622,857

Other Expenses $2,779,736

TOTAL EXPENSES $7,522,389

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,871,747	$7,613,478	+0.3%
Expenses	$7,522,389	$6,082,535	+0.2%
Net Income	$2,349,358	$1,530,943	+0.5%

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

$115,959

Total Directors

$115,959

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HASAN AKKAYA	PRINCIPAL	40.00	Officer Director	$115,959	$0	$115,959
NANCY CALVARY	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVID W DITMARS	BOARD MEMBER	N/A	Director	$0	$0	$0
ISA KUYULAR	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL PRATT	PRESIDENT	N/A	Officer Director	$0	$0	$0
SUMAYA YUSUF	BOARD MEMBER	N/A	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	No data	No data	No data	No data
2023	$9,871,747	$7,522,389	$11,775,332	$2,349,358
2022	$7,613,478	$6,082,535	$9,482,919	$1,530,943
2021	$7,251,962	$5,338,102	$8,184,704	$1,913,860
2020	$5,221,148	$5,337,880	$6,403,235	$-116,732
2019	$5,216,437	$4,676,377	$2,420,169	$540,060

HORIZON SCIENCE ACADEMY INC HORIZON SCIENCE ACADEMY COLUMBUS