Horizon Educational Services Inc

EIN: 341869716 501(c)(3) Education

Cleveland, OH

Total Revenue
$7,018,028
Total Expenses
$4,948,814
Total Assets
$7,625,452
Net Assets
$2,147,826
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
OH
Principal Officer
Ramazan Celep
Phone
2164323660
Tax Period
2022-07-01 to 2023-06-30

Horizon Educational Services Inc, founded in 1998, is a community nonprofit in the Education sector that reported $7.0M in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.1M, a strong 29% operating margin.

Mission

Horizon Science Academy Cleveland High School is a public charter school that serving grades 9-12 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $6,492,900
Program Service Revenue $519,700
Investment Income $3,243
Other Revenue $2,185
TOTAL REVENUE $7,018,028

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,829,055
Fundraising Expenses $0
Program Expenses $4,948,814
Other Expenses $2,119,759
TOTAL EXPENSES $4,948,814

Year-over-Year Comparison

2022 2021 Change
Revenue $7,018,028 $6,035,148 +0.2%
Expenses $4,948,814 $4,386,731 +0.1%
Net Income $2,069,214 $1,648,417 +0.3%
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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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
39
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
1
$99,945
Total Directors
5
$0
Key Employees
1
$99,945
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A School Principal 040.00
Officer Key Emp
$99,945 $0 $99,945
ABDULLAH KAYRETLI 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 HASSAN 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 $7,018,028 $4,948,814 $7,625,452 $2,069,214
2022 $6,035,148 $4,386,731 $5,561,712 $1,648,417
2021 $5,758,626 $3,885,550 $3,824,900 $1,873,076
2020 $4,375,459 $4,428,921 $2,432,414 $-53,462
2019 $4,592,372 $4,185,176 $2,105,060 $407,196
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