HEART OF OHIO CLASSICAL ACADEMY (EIN 932011911) - 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

STEPHANIE ATAYA

Phone

3305648531

Tax Period

2024-01-01 to 2024-06-30

HEART OF OHIO CLASSICAL ACADEMY, founded in 2022, is a small nonprofit that reported $890K in total revenue in fiscal year 2024. Revenue surged 124355% from the prior year, signaling strong growth momentum. The organization ran a surplus of $529K, a strong 59% operating margin.

Mission

PROVIDE A CONTENT-RICH EDUCATION THAT STIMULATES THE MIND, FEEDS THE HUNGER FOR LEARNING, AND NOURISHES THE HEART THROUGH A FULLY INTEGRATED LIBERAL ARTS AND SCIENCES CURRICULUM THAT INCLUDES INSTRUCTION IN MORAL CHARACTER AND CIVIC VIRTUE.

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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 $37

Program Service Revenue $0

Investment Income $0

Other Revenue $889,817

TOTAL REVENUE $889,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,229

Fundraising Expenses $0

Program Expenses $321,441

Other Expenses $243,512

TOTAL EXPENSES $360,741

Year-over-Year Comparison

	2024	2023	Change
Revenue	$889,854	$715	+1243.6%
Expenses	$360,741	$182,215	+1.0%
Net Income	$529,113	$-181,500	-3.9%

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

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
ROBERT S GERMAIN	PRESIDENT	0.50	Officer Director	$0	$0	$0
SHAWN PARKER	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
GREG LAWSON	MEMBER	0.30	Director	$0	$0	$0
MICHELE COLDIRON	MEMBER	0.30	Director	$0	$0	$0
TERRY LANHAM	MEMBER	0.30	Director	$0	$0	$0
MARK BAINBRIDGE	MEMBER (UNTIL 04/2024)	0.30	Director	$0	$0	$0
JAMES COWARDIN	PRIOR PRESIDENT	0.50	Officer Director	$0	$0	$0
STEPHANIE ATAYA	FISCAL OFFICER	1.00	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
2024	$889,854	$360,741	$531,882	$529,113
2024	$889,854	$360,741	$531,882	$529,113
2023	$715	$191,382	$499,534	$-190,667

HEART OF OHIO CLASSICAL ACADEMY