SMART Academy (EIN 815056142) - 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

2017

Legal Domicile

Principal Officer

Joe Nicklos

Phone

2167143801

Tax Period

2022-07-01 to 2023-06-30

SMART Academy, founded in 2017, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $2.0M exceeded revenue, resulting in a 13% operating deficit.

Mission

SMART Academy's mission is to provide all students in grades k-4 of the Cleveland Community a strong literacy-based educational program that creates a community in which reading, writing, speaking, listening, and thinking serve as a foundation for life-long learning.

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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 $1,773,039

Program Service Revenue $0

Investment Income $5

Other Revenue $0

TOTAL REVENUE $1,773,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,295,240

Fundraising Expenses $0

Program Expenses $1,628,286

Other Expenses $702,491

TOTAL EXPENSES $1,997,731

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,773,044	$1,489,121	+0.2%
Expenses	$1,997,731	$1,813,015	+0.1%
Net Income	$-224,687	$-323,894	-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

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

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

$116,099

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Robert Aitken	CEO	40.00	Officer	$85,000	$31,099	$116,099
Joe Nicklos	President	0.50	Officer Director	$0	$0	$0
Josh Lane	Vice President	0.50	Officer Director	$0	$0	$0
Stephen Furlow-Munn	Director	0.50	Director	$0	$0	$0
Russell Cooper	Director	0.50	Director	$0	$0	$0
Joseph Crawfis	Treasurer	10.00	Officer	$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	$1,773,044	$1,997,731	$1,192,698	$-224,687
2022	$1,489,121	$1,813,015	$1,254,363	$-323,894
2021	$1,592,754	$1,243,793	$295,841	$348,961
2019	$411,430	$759,514	$60,726	$-348,084

SMART Academy