FLEX HIGH SCHOOL OF CLEVELAND INC (EIN 843909743) - 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

2020

Legal Domicile

Principal Officer

C David Massa

Phone

3305150572

Tax Period

2023-07-01 to 2024-06-30

FLEX HIGH SCHOOL OF CLEVELAND INC, founded in 2020, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $2.1M exceeded revenue, resulting in a 36% operating deficit.

Mission

At FLEX High, we focus on providing a SAFE educational environment, so that students may focus on the goal of obtaining a high school diploma. The school engages and re-engages with opportunity youth in the ultimate goal of earning a high school diploma. Students love the quiet, one-on-one attention they receive from their teacher mentors.

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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 $1,544,686

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,544,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,133,277

Fundraising Expenses $0

Program Expenses $2,105,307

Other Expenses $972,030

TOTAL EXPENSES $2,105,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,544,686	$1,434,872	+0.1%
Expenses	$2,105,307	$1,634,315	+0.3%
Net Income	$-560,621	$-199,443	+1.8%

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

$4,864

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jonathan Petrea	Board Member	1	Director	$1,000	$0	$1,000
Kim Bartlett	Board Member	1	Director	$989	$0	$989
Mark Sanzotta	Board Member	1	Director	$875	$0	$875
Gus Hoyas	Board Member	1	Director	$750	$0	$750
Henry Curtis IV	Board Member	1.00	Director	$625	$0	$625
Stacey Polk	Board Member	1	Director	$625	$0	$625
Craig Cobb	Board Member	1	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	$1,544,686	$2,105,307	$2,092,269	$-560,621
2023	$1,434,872	$1,634,315	$2,216,703	$-199,443
2022	$813,795	$1,339,579	$2,185,701	$-525,784
2021	$254,432	$934,989	$336,833	$-680,557

FLEX HIGH SCHOOL OF CLEVELAND INC