HORIZON SCIENCE ACADEMY DAYTON DOWNTOWN INC

EIN: 271844067 501(c)(3) Education

DAYTON, OH

Total Revenue
$2,865,017
Total Expenses
$3,736,320
Total Assets
$2,893,031
Net Assets
$-2,116,312
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
OH
Principal Officer
EMILY MERSHON
Phone
9372811980
Tax Period
2024-07-01 to 2025-06-30

HORIZON SCIENCE ACADEMY DAYTON DOWNTOWN INC, founded in 2010, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $3.7M exceeded revenue, resulting in a 30% operating deficit.

Mission

WE FOSTER AN ENVIRONMENT OF INQUIRY AND LOVE OF LEARNING SO STUDENTS ARE PREPARED TO THRIVE IN STEM FOCUSED HIGH SCHOOL, COLLEGE, AND THE WORLD, OUR STUDENTS WILL ENTER HIGH SCHOOL READY TO TACKLE ANY ACADEMIC CHALLENGE AND WILL EXCELL IN STEM SUBJECTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,770,416
Program Service Revenue $94,601
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,865,017

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,165,309
Fundraising Expenses $0
Program Expenses $3,449,818
Other Expenses $1,571,011
TOTAL EXPENSES $3,736,320

Year-over-Year Comparison

2024 2023 Change
Revenue $2,865,017 $3,350,582 -0.1%
Expenses $3,736,320 $3,875,567 0.0%
Net Income $-871,303 $-524,985 +0.7%
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

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Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
5
Independent Members
5
Employees
33
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
3
$82,500
Total Directors
7
$82,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMILY MERSHON PRINCIPAL 40.00
Officer Director
$82,500 $0 $82,500
DAVID DITMARS BOARD MEMBER 1.00
Director
$0 $0 $0
AHMET ERDAL TREASURER 5.00
Officer Director
$0 $0 $0
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 SECRETARY 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 $2,865,017 $3,736,320 $2,893,031 $-871,303
2024 $3,350,582 $3,875,567 $3,479,698 $-524,985
2023 $3,917,276 $3,649,949 $3,939,272 $267,327
2022 $3,301,442 $2,892,887 $3,297,333 $408,555
2021 $3,064,115 $2,841,103 $2,852,893 $223,012
2020 $2,625,340 $2,614,481 $2,841,898 $10,859
2019 $2,537,678 $2,228,774 $1,377,665 $308,904
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