SOLON ACADEMY INC (EIN 880696399) - 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

2022

Legal Domicile

Principal Officer

C David Massa

Phone

4402013872

Tax Period

2024-07-01 to 2025-06-30

SOLON ACADEMY INC, founded in 2022, is a small nonprofit in the Education sector that reported $813K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $896K exceeded revenue, resulting in a 10% operating deficit.

Mission

Our mission is to promote the academic, emotional, and physical development of our students through the promotion of teamwork, sportsmanship and athletic competition. By developing these skills, student-athletes will become confident and capable contributing members of our community.

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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 $813,352

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $813,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $322,996

Fundraising Expenses $0

Program Expenses $896,381

Other Expenses $573,385

TOTAL EXPENSES $896,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$813,352	$629,108	+0.3%
Expenses	$896,381	$720,974	+0.2%
Net Income	$-83,029	$-91,866	-0.1%

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

Total Directors

$5,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gregory Wheeler	Board Member	1.0	Director	$1,125	$0	$1,125
Chari Bosman	Boad President	2.0	Director	$1,125	$0	$1,125
Amy Allen	Board Member	1.00	Director	$1,000	$0	$1,000
Sharonda Gilbert	Board Member	1.0	Director	$1,000	$0	$1,000
Kevin Cook	Board Member	1.0	Director	$750	$0	$750

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	$813,352	$896,381	$375,941	$-83,029
2024	$629,108	$720,974	$286,497	$-91,866
2023	$166,891	$443,564	$56,701	$-276,673

SOLON ACADEMY INC