HORIZON SCIENCE ACADEMY TWIN CITIES (EIN 822453248) - 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

HASAN DAMAR

Phone

6127125252

Tax Period

2024-07-01 to 2025-06-30

HORIZON SCIENCE ACADEMY TWIN CITIES, founded in 2017, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

HORIZON SCIENCE ACADEMY TWIN CITIES IS A PUBLIC CHARTER SCHOOL THAT PROVIDES ITS STUDENTSWITH AN INNOVATIVE WORLD-CLASS EDUCATION, RICH IN MATH, SCIENCE, AND TECHNOLOGY FOCUSED ONPREPARING STUDENTS TO BECOME BOLD INQUIRERS, PROBLEM SOLVERS, AND ETHICAL LEADERS,SKILL-READY FOR POST-SECONDARY EDUCATION TO MEET THE CHALLENGES OF A COMPETITIVE GLOBAL WORKFORCE

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,411,551

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,411,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,651,376

Fundraising Expenses $0

Program Expenses $3,112,544

Other Expenses $1,807,006

TOTAL EXPENSES $3,458,382

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,411,551	$4,540,746	-0.2%
Expenses	$3,458,382	$3,173,821	+0.1%
Net Income	$-46,831	$1,366,925	-1.0%

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

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

$83,187

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TEVFIK CEVHEROGLU	BOARD CHAIR	1.00	Director	$0	$0	$0
BRADLEY SATRE	BOARD MEMBER	40.00	Director	$39,465	$0	$39,465
AHMET AKYOL	BOARD MEMBER	1.00	Director	$0	$0	$0
BABAJAN HOJAMMAYEV	BOARD MEMBER	40.00	Director	$43,722	$0	$43,722
HEKIM SEIDOV	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN WEST	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
HASAN DAMAR	TREASURER	8.00	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	$3,411,551	$3,458,382	$2,368,478	$-46,831
2024	$4,540,746	$3,173,821	$2,539,709	$1,366,925
2023	$1,574,124	$2,356,629	$3,010,600	$-782,505
2022	$1,555,881	$1,928,024	$3,301,515	$-372,143
2021	$1,395,528	$1,602,268	$815,578	$-206,740
2020	$902,382	$1,265,690	$287,933	$-363,308

HORIZON SCIENCE ACADEMY TWIN CITIES