NEXUS ACADEMY OF CLEVELAND (EIN 454670785) - 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

2012

Legal Domicile

Principal Officer

C David Massa

Phone

2167412991

Tax Period

2023-07-01 to 2024-06-30

NEXUS ACADEMY OF CLEVELAND, founded in 2012, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $2.1M left a modest 10% surplus.

Mission

To maintain and provide a school which provides the opportunity for success to, and motivates and instructs, students through a blended learning approach, featuring and engaging curriculum of Core, Honors and AP, and Elective courses that are taught online and in person.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,322,201

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,322,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $850,151

Fundraising Expenses $0

Program Expenses $2,082,562

Other Expenses $1,232,411

TOTAL EXPENSES $2,082,562

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,322,201	$2,444,484	-0.1%
Expenses	$2,082,562	$2,397,341	-0.1%
Net Income	$239,639	$47,143	+4.1%

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

N/A

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

$3,680

Total Directors

$6,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elliot Ross	Board President	2.00	Officer Director	$1,435	$0	$1,435
Jim Anderson	Board Member	1.00	Director	$1,435	$0	$1,435
Lew Milner	Board Vice President	1.00	Officer Director	$1,310	$0	$1,310
Thomas Carrino	Board Secretary	1	Officer Director	$935	$0	$935
Peter Holmes	Board Member	1.00	Director	$935	$0	$935

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	$2,322,201	$2,082,562	$859,528	$239,639
2023	$2,444,484	$2,397,341	$973,638	$47,143
2022	$2,119,372	$1,835,112	$906,952	$284,260
2021	$1,933,749	$1,828,359	$868,742	$105,390
2020	$1,246,363	$1,662,833	$655,095	$-416,470
2019	$1,541,984	$1,984,536	$668,924	$-442,552
2018	$1,090,767	$1,406,010	$769,233	$-315,243

NEXUS ACADEMY OF CLEVELAND