Horizon Science Academy of Lorain (EIN 264574311) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

RAMAZAN CELEP

Phone

4402824277

Tax Period

2022-07-01 to 2023-06-30

Horizon Science Academy of Lorain, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $14.6M in total revenue in fiscal year 2022. The organization ran a surplus of $2.6M, a strong 18% operating margin.

Mission

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

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $14,408,559

Program Service Revenue $102,393

Investment Income $0

Other Revenue $71,113

TOTAL REVENUE $14,582,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,313,685

Fundraising Expenses $0

Program Expenses $11,988,062

Other Expenses $4,674,377

TOTAL EXPENSES $11,988,062

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,582,065	$13,534,824	+0.1%
Expenses	$11,988,062	$9,515,109	+0.3%
Net Income	$2,594,003	$4,019,715	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

112

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

$93,758

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Megan Collins	School Principal	040.00	Key Emp	$93,758	$0	$93,758
Mustafa Arslan	Board Member	001.00	Director	$0	$0	$0
Robert Hassan	Board Member	001.00	Director	$0	$0	$0
Donald Malloy	Board President	001.00	Director	$0	$0	$0
Abdullah Kayretli	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$14,582,065	$11,988,062	$15,949,899	$2,594,003
2022	$13,534,824	$9,515,109	$13,520,776	$4,019,715
2021	$11,463,711	$8,551,755	$7,416,204	$2,911,956
2020	$7,779,711	$8,172,028	$4,961,529	$-392,317
2019	$7,451,426	$7,066,717	$4,203,547	$384,709

Horizon Science Academy of Lorain