Unity Academy (EIN 874454079) - 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

2021

Legal Domicile

Principal Officer

Caroline Zito

Phone

6142991007

Tax Period

2024-07-01 to 2025-06-30

Unity Academy, founded in 2021, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum.

Mission

To Provide Education to Students residing within any School District in the State of Ohio. Serves Grades 9 and Ten

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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 $1,400,455

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,400,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,433,212

Other Expenses $1,433,212

TOTAL EXPENSES $1,433,212

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,400,455	$774,668	+0.8%
Expenses	$1,433,212	$851,292	+0.7%
Net Income	$-32,757	$-76,624	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paula Parlett	Board Member	1.00	Director	$0	$0	$0
Shonen Thomas	Board Member	1.00	Director	$0	$0	$0
Dennis McKay	Board Member	1.00	Director	$0	$0	$0
Louis Morgan	Board Member	1.00	Director	$0	$0	$0
Gloria Anderson	Board Member	1.00	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	$1,400,455	$1,433,212	$784,780	$-32,757
2024	$774,668	$851,292	$670,649	$-76,624
2023	$289,687	$225,053	$67,774	$64,634

Unity Academy