Horizon Science Academy Springfield
Horizon Science Academy Springfield shows strong revenue growth and no officer compensation, but carries substantial liabilities.
EIN: 202004609 · Toledo, OH · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $5.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $839K |
| Transparency Score | 85/100 |
Is Horizon Science Academy Springfield Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horizon Science Academy Springfield directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horizon Science Academy Springfield
Horizon Science Academy Springfield (EIN: 202004609) is a nonprofit organization based in Toledo, OH, classified under NTEE code B29. The organization reported total revenue of $5.9M and total assets of $12.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horizon Science Academy Springfield's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horizon Science Academy Springfield is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.6M |
| Total Expenses | $5.7M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $12.4M |
| Total Liabilities | $11.6M |
| Net Assets | $839K |
| Operating Margin | 25.5% |
| Debt-to-Asset Ratio | 93.2% |
| Months of Reserves | 26.2 months |
Financial Health Grade: A
In 2023, Horizon Science Academy Springfield reported a surplus of $1.9M with revenue exceeding expenses, holds 26.2 months of operating reserves (strong position), has a debt-to-asset ratio of 93.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Horizon Science Academy Springfield's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.3% | +19.9% | +16.6% |
| 2022 | +18.4% | +1.8% | +334.6% |
| 2021 | +22.3% | +4.1% | +39.5% |
| 2020 | +5.3% | +13.2% | +20.2% |
| 2019 | +7.9% | +54.7% | +12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Horizon Science Academy Springfield with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Horizon Science Academy Springfield allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 93.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive sign for a nonprofit of its size, with revenues exceeding $7 million, demonstrating a strong commitment to directing funds towards its mission rather than executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Horizon Science Academy Springfield's IRS 990 filings:
- Historically high liabilities, often exceeding assets, though this trend has reversed in the latest filing (2023).
Strengths
The following positive indicators were identified for Horizon Science Academy Springfield:
- Consistent and strong revenue growth, reaching $7,627,007 in 2023.
- Significant increase in assets over the past decade, from $367,978 in 2014 to $12,401,284 in 2023.
- 0% officer compensation reported across all filings, indicating strong financial transparency and mission focus.
- Expenses consistently lower than revenue in recent years, leading to positive net assets.
Frequently Asked Questions about Horizon Science Academy Springfield
Is Horizon Science Academy Springfield a legitimate charity?
Horizon Science Academy Springfield (EIN: 202004609) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Horizon Science Academy Springfield spend its money?
Horizon Science Academy Springfield directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Horizon Science Academy Springfield tax-deductible?
Horizon Science Academy Springfield is registered as a tax-exempt nonprofit (EIN: 202004609). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Horizon Science Academy Springfield CEO make?
Horizon Science Academy Springfield's highest-compensated officer earns $7 annually. The organization reported $5.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Horizon Science Academy Springfield's spending goes to programs?
Horizon Science Academy Springfield directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Horizon Science Academy Springfield compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Horizon Science Academy Springfield is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Horizon Science Academy Springfield located?
Horizon Science Academy Springfield is headquartered in Toledo, Ohio and files with the IRS under EIN 202004609. It is classified under NTEE code B29.
How many years of IRS 990 filings does Horizon Science Academy Springfield have?
Horizon Science Academy Springfield has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.9M in total revenue.
Is Horizon Science Academy Springfield financially stable?
While the organization has shown significant revenue growth to $7,627,007 in 2023 and increasing assets, it has historically carried high liabilities, though assets ($12,401,284) now exceed liabilities ($11,562,093) in the latest filing, suggesting improving stability.
How efficiently does Horizon Science Academy Springfield spend its money?
The organization appears to spend efficiently, with expenses ($5,680,369 in 2023) consistently lower than revenue ($7,627,007 in 2023), allowing for a surplus. The 0% officer compensation also indicates a strong focus on program spending.
What is the trend in Horizon Science Academy Springfield's assets and liabilities?
Assets have grown substantially from $367,978 in 2014 to $12,401,284 in 2023. Liabilities have also been high, but in the latest period (2023), assets ($12,401,284) finally surpassed liabilities ($11,562,093), a positive shift from previous years where liabilities often exceeded assets.
Does Horizon Science Academy Springfield pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation for all available periods, indicating that no executives or officers received salaries from the organization.
Filing History
IRS 990 filing history for Horizon Science Academy Springfield showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Horizon Science Academy Springfield's revenue has grown by 210.5%, moving from $2.5M to $7.6M. Total assets increased by 3250.3% over the same period, from $370K to $12.4M. Total functional expenses rose by 134.5%, from $2.4M to $5.7M. In its most recent filing year (2023), Horizon Science Academy Springfield reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $11.6M in liabilities against $12.4M in assets (debt-to-asset ratio: 93.2%), resulting in net assets of $839K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.6M | $5.7M | $12.4M | $11.6M | — | View 990 |
| 2022 | $6.3M | $4.7M | $10.6M | $11.7M | — | View 990 |
| 2021 | $5.4M | $4.7M | $2.4M | $5.2M | — | View 990 |
| 2020 | $4.4M | $4.5M | $1.8M | $5.2M | — | View 990 |
| 2019 | $4.2M | $4.0M | $1.5M | $4.8M | — | View 990 |
| 2018 | $3.9M | $2.6M | $1.3M | $4.8M | — | View 990 |
| 2017 | $4.0M | $4.2M | $1.1M | $5.1M | — | View 990 |
| 2016 | $4.2M | $4.1M | $773K | $4.6M | — | View 990 |
| 2015 | $4.1M | $4.2M | $509K | $4.3M | — | View 990 |
| 2014 | $4.3M | $4.2M | $368K | $259K | — | View 990 |
| 2013 | $4.1M | $4.1M | $282K | $275K | — | View 990 |
| 2012 | $2.6M | $2.9M | $245K | $271K | — | View 990 |
| 2011 | $2.5M | $2.4M | $370K | $190K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.6M, expenses of $5.7M, and assets of $12.4M (revenue +20.3% year-over-year).
- 2022: Revenue of $6.3M, expenses of $4.7M, and assets of $10.6M (revenue +18.4% year-over-year).
- 2021: Revenue of $5.4M, expenses of $4.7M, and assets of $2.4M (revenue +22.3% year-over-year).
- 2020: Revenue of $4.4M, expenses of $4.5M, and assets of $1.8M (revenue +5.3% year-over-year).
- 2019: Revenue of $4.2M, expenses of $4.0M, and assets of $1.5M (revenue +7.9% year-over-year).
- 2018: Revenue of $3.9M, expenses of $2.6M, and assets of $1.3M (revenue -4.7% year-over-year).
- 2017: Revenue of $4.0M, expenses of $4.2M, and assets of $1.1M (revenue -3.3% year-over-year).
- 2016: Revenue of $4.2M, expenses of $4.1M, and assets of $773K (revenue +1.6% year-over-year).
- 2015: Revenue of $4.1M, expenses of $4.2M, and assets of $509K (revenue -3.5% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.2M, and assets of $368K (revenue +3.4% year-over-year).
- 2013: Revenue of $4.1M, expenses of $4.1M, and assets of $282K (revenue +56.1% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.9M, and assets of $245K (revenue +7.7% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.4M, and assets of $370K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horizon Science Academy Springfield:
Data Sources and Methodology
This transparency report for Horizon Science Academy Springfield is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.