HORIZON SCIENCE ACADEMY DES MOINES (EIN 922775112) - 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

TIM KERSTING

Phone

8478243380

Tax Period

2024-07-01 to 2025-06-30

HORIZON SCIENCE ACADEMY DES MOINES, founded in 2022, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Expenses of $3.3M exceeded revenue, resulting in a 35% operating deficit.

Mission

THE SCHOOL IS A NON PROFIT PUBLIC CHARTER SCHOOL THAT SERVES ROUGHLY 75 STUDENTS ACROSS GRADES K-3. THE SCHOOL PROVIDES ITS STUDENTS WITH A INNOVATIVE WORLD-CLASS EDUCATION, RICH IN MATH,SCIENCE, AND TECHNOLOGY. IT FOCUSES ON PREPARING STUDENTS TO BECOME BOLD INQUIRERS, PROBLEMSOLVERS,AND ETHICAL LEADERS, READY FOR POST -SECONDARY EDUCATION AND 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 $2,309,381

Program Service Revenue $142,622

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,452,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,007,052

Fundraising Expenses $0

Program Expenses $2,312,736

Other Expenses $1,293,104

TOTAL EXPENSES $3,300,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,452,003	$2,352,715	+0.0%
Expenses	$3,300,156	$3,127,478	+0.1%
Net Income	$-848,153	$-774,763	+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

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
TIM KERSTING	CHIEF DESIGN	2.00	Officer Director	$0	$0	$0
CARRIE BENING	SECRECTARY	2.00	Officer Director	$0	$0	$0
SAN WONG	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CHRISTINE HENSLEY	BOARD PRESID	5.00	Officer Director	$0	$0	$0
HUNTER CLARK	BOARD MEMBER	2.00	Director	$0	$0	$0
SUE CRONIN	BOARD MEMBER	0.50	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	$2,452,003	$3,300,156	$1,603,847	$-848,153
2024	$2,352,715	$3,127,478	$2,401,361	$-774,763

HORIZON SCIENCE ACADEMY DES MOINES