Civic Intelligence

Towpath Trail High School

990 • Fiscal year 2015 • EIN 34-1900212

Jul 01, 2014 to Jun 30, 2015 • Filed on May 11, 2016

275 W Market StAkron, OH 44303

(234) 542-0102

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

1.09x

Higher debt load relative to assets than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

0.84x

Higher debt load relative to revenue than 83% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

82nd percentile

24%

Higher net margin than 82% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

95th percentile

96%

Faster asset growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

60th percentile

7.6%

Faster revenue growth than 60% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,147,091

Up $1,049,642 (+96%) from 2014

Net Assets

Down

-$190,896

Down $1,162,135 (-120%) from 2014

Liabilities

Up

$2,337,987

Up $2,211,777 (+1752%) from 2014

Revenue

Up

$2,796,974

Up $197,549 (+7.6%) from 2014

Expenses

Up

$2,124,145

Up $239,282 (+13%) from 2014

Net Income

Down

$672,829

Down $41,733 (-5.8%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0-$5.0MAssets 2014: $1,097,449Liabilities 2014: $126,210Net Assets 2014: $971,2392014Assets 2015: $2,147,091Liabilities 2015: $2,337,987Net Assets 2015: -$190,8962015Assets 2016: $2,926,181Liabilities 2016: $3,072,282Net Assets 2016: -$146,1012016Assets 2017: $4,126,697Liabilities 2017: $4,571,139Net Assets 2017: -$444,4422017Assets 2018: $4,553,501Liabilities 2018: $4,003,534Net Assets 2018: $549,9672018Assets 2019: $5,590,874Liabilities 2019: $4,659,823Net Assets 2019: $931,0512019Assets 2020: $6,300,348Liabilities 2020: $5,556,256Net Assets 2020: $744,0922020Assets 2021: $7,159,844Liabilities 2021: $6,319,385Net Assets 2021: $840,4592021Assets 2022: $7,782,744Liabilities 2022: $5,894,936Net Assets 2022: $1,887,8082022Assets 2023: $9,889,938Liabilities 2023: $7,508,548Net Assets 2023: $2,381,3902023Assets 2024: $11,773,179Liabilities 2024: $7,911,695Net Assets 2024: $3,861,4842024Assets 2025: $16,633,097Liabilities 2025: $10,207,115Net Assets 2025: $6,425,9822025

Highlighted filing

2015

Assets$2,147,091
Liabilities$2,337,987
Net Assets-$190,896

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2014: $2,599,425Expenses 2014: $1,884,863Net Income 2014: $714,5622014Revenue 2015: $2,796,974Expenses 2015: $2,124,145Net Income 2015: $672,8292015Revenue 2016: $2,885,670Expenses 2016: $2,840,875Net Income 2016: $44,7952016Revenue 2017: $2,929,766Expenses 2017: $3,206,913Net Income 2017: -$277,1472017Revenue 2018: $4,089,261Expenses 2018: $2,510,245Net Income 2018: $1,579,0162018Revenue 2019: $5,050,221Expenses 2019: $4,669,137Net Income 2019: $381,0842019Revenue 2020: $5,676,145Expenses 2020: $5,863,104Net Income 2020: -$186,9592020Revenue 2021: $6,204,831Expenses 2021: $6,108,464Net Income 2021: $96,3672021Revenue 2022: $6,204,598Expenses 2022: $5,157,249Net Income 2022: $1,047,3492022Revenue 2023: $7,422,817Expenses 2023: $6,929,235Net Income 2023: $493,5822023Revenue 2024: $9,968,320Expenses 2024: $8,488,226Net Income 2024: $1,480,0942024Revenue 2025: $12,731,583Expenses 2025: $10,167,085Net Income 2025: $2,564,4982025

Highlighted filing

2015

Revenue$2,796,974
Expenses$2,124,145
Net Income$672,829
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 11, 2016
Return Version
2014v6.0
Gross Receipts
$2,796,974
Mission and Program Overview

Mission

We believe that every student deserves a chance to earn a state recognized high school diploma and that every parent has the right to select the best program for their childs needs our comprehensive mastery-based curriculum is grounded in core courses

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,952$1,059,827▲ $1,051,875
Cash and Non-Interest-Bearing Accounts$999,956$905,373▼ $94,583
Prepaid Expenses and Deferred Charges$88,027$137,368▲ $49,341
Pledges and Grants Receivable$76,435$44,523▼ $31,912
Accounts Receivable$2,106--
Total Assets$1,174,476$2,147,091▲ $972,615
Liabilities
Other Liabilities$1,741,258$1,464,598▼ $276,660
Mortgage Notes Payable Secured by Investment Property-$467,997-
Accounts Payable and Accrued Expenses$96,759$397,177▲ $300,418
Grants Payable$29,452--
Unsecured Notes Loans Payable-$8,215-
Total Liabilities$1,867,469$2,337,987▲ $470,518
Net Assets / Fund Balance
Permanently Rstr Net Assets$7,952$564,629▲ $556,677
Unrestricted Net Assets$-700,945$-755,525▼ $54,580
Total Net Assets Fund Balance$-692,993$-190,896▲ $502,097
Total Liabilities and Net Assets / Fund Balance$1,174,476$2,147,091▲ $972,615

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,007,064$25,823-
Land$38,480--
Equipment$14,282$16,799-
Compensation and Service Providers

Employees

NameTitleBaseTotal
Maureen ZieglerMember$2,912$2,912
Ron McdanielMember$2,912$2,912
Jessica HricovecMember$2,650$2,650
Kathleen BrandMember$2,496$2,496
Nadir AkbarMember$2,496$2,496
Paula SeibelMember$2,496$2,496
Robert DemkoMember$2,080$2,080
Christopher OwensMember$1,248$1,248
Debra HowellMember$1,248$1,248

Highest Paid Contractors

ContractorServicesLocationCompensation
Cambridge Educational GroupAdminister And Operate School275 W MARKET ST, Akron, OH 44303$1,076,963
Revenue and Support

Revenue Composition

Contributions and Grants
$2,778,056
Program Service Revenue
$0
Investment Income
$799
Other Revenue
$18,119
Change in Net Assets
$672,829

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,796,974
Total Revenue per Audited Statements
$2,796,974
Total Revenue per Form 990
$2,796,974
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,124,145
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$879,346$424,771-$1,304,117
Fees for Services Other$243,371--$243,371
Office Expenses-$169,566-$169,566
Fees for Services Legal-$41,028-$41,028
Fees for Services Accounting-$40,298-$40,298
Other Expenses$178,860$11,000-$11,000
Interest-$3,275-$3,275
Total Functional Expenses$1,301,577$822,568$0$2,124,145

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,294,877
Total Expenses per Audited Statements$2,294,877
Total Expenses per Form 990$2,294,877
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$1,464,598
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Part VI, Section A, line 3

The school contracts with cambridge education group to run the day to day operations of the school.

Part VI, Section A, line 7A

The board elects or removes members as needed with approval from sponsor.

Part VI, Section B, line 11

The board reviews and approves the 990 prior to filing.

Part VI, Section B, line 12C

At the annual meeting of the school, each board member is required to fill out the disclosure policy form and submit for review.

Part VI, Section C, line 19

The organiztions day to day operating records are maintained by the emo on site at the school. All legal documents (policies, bylaws, and other governance documents) are maintained by the schools legal counsel. All financial documents are maintined by the fiscal officer.

Filing and Contact Details

Filer

Filer Name
Towpath Trail High School
EIN
34-1900212
Phone
2345420102
Address
275 W MARKET ST, AKRON, OH 44303

Signing Officer

Name
Ronald Mcdaniel
Title
Board President
Phone
6147667009
Signed
2016-05-11
Discuss with paid preparer
No

Organization Details

Principal Officer
Ron Mcdaniel
Formed
1999
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Mmb Enterprises Inc
Address
65 E WILSON BRIDGE RD SUITE 200, WORTHINGTON, OH 43085
Preparer
Brian G Adams
Phone
6147667009
Supplemental Narrative

Financial Statement Notes

Part X line 2

The school implemented gasb 68 in fiscal year 2015. This caused a restatement of fiscal year 2014 balance sheet. The changes are in effect on part x.

Raw XML Appendix387 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt00
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01007064
IRS990ScheduleD/BuildingsGrp/DepreciationAmt025823
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01032887
IRS990ScheduleD/EquipmentGrp/BookValueAmt014282
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016799
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt027200
IRS990ScheduleD/ExpensesSubtotalAmt02294877
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt038480
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt038480
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01464598
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt02796974
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IMPLEMENTED GASB 68 IN FISCAL YEAR 2015. THIS CAUSED A RESTATEMENT OF FISCAL YEAR 2014 BALANCE SHEET. THE CHANGES ARE IN EFFECT ON PART X.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01059826
IRS990ScheduleD/TotalExpensesPerForm990Amt02294877
IRS990ScheduleD/TotalLiabilityAmt01464598
IRS990ScheduleD/TotalRevenuePerForm990Amt02796974
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02796974
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02294877
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL CONTRACTS WITH CAMBRIDGE EDUCATION GROUP TO RUN THE DAY TO DAY OPERATIONS OF THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD ELECTS OR REMOVES MEMBERS AS NEEDED WITH APPROVAL FROM SPONSOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS AND APPROVES THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AT THE ANNUAL MEETING OF THE SCHOOL, EACH BOARD MEMBER IS REQUIRED TO FILL OUT THE DISCLOSURE POLICY FORM AND SUBMIT FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZTIONS DAY TO DAY OPERATING RECORDS ARE MAINTAINED BY THE EMO ON SITE AT THE SCHOOL. ALL LEGAL DOCUMENTS (POLICIES, BYLAWS, AND OTHER GOVERNANCE DOCUMENTS) ARE MAINTAINED BY THE SCHOOLS LEGAL COUNSEL. ALL FINANCIAL DOCUMENTS ARE MAINTINED BY THE FISCAL OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI, Section B, line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI, Section C, line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01174476
IRS990/TotalAssetsEOYAmt02147091
IRS990/TotalAssetsGrp/BOYAmt01174476
IRS990/TotalAssetsGrp/EOYAmt02147091
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02778056
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0822568
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01301577
IRS990/TotalFunctionalExpensesGrp/TotalAmt02124145
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01867469
IRS990/TotalLiabilitiesEOYAmt02337987
IRS990/TotalLiabilitiesGrp/BOYAmt01867469
IRS990/TotalLiabilitiesGrp/EOYAmt02337987
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-692993
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-190896
IRS990/TotalProgramServiceExpensesAmt02294877
IRS990/TotalReportableCompFromOrgAmt020538
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018918
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02796974
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01174476
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02147091
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-700945
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-755525
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt08215
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0275 W MARKET ST
IRS990/USAddress/CityNm0AKRON
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044303
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd00
ReturnHeader/BusinessOfficerGrp/PersonNm0RONALD MCDANIEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06147667009
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TOWPATH TRAIL HIGH SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0TOWP
ReturnHeader/Filer/EIN0341900212
ReturnHeader/Filer/PhoneNum02345420102
ReturnHeader/Filer/USAddress/AddressLine1Txt0275 W MARKET ST
ReturnHeader/Filer/USAddress/CityNm0AKRON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044303
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0311724107
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MMB ENTERPRISES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt065 E WILSON BRIDGE RD SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WORTHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd043085
ReturnHeader/PreparerPersonGrp/PhoneNum06147667009
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN G ADAMS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-05-11T09:15:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$16.6$10.2$6.43$12.7$10.2$2.56
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.8$7.91$3.86$9.97$8.49$1.48
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.89$7.51$2.38$7.42$6.93$0.49
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.78$5.89$1.89$6.20$5.16$1.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.16$6.32$0.84$6.20$6.11$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.30$5.56$0.74$5.68$5.86$0.19
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.59$4.66$0.93$5.05$4.67$0.38
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.55$4.00$0.55$4.09$2.51$1.58
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.13$4.57$0.44$2.93$3.21$0.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.93$3.07$0.15$2.89$2.84$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.15$2.34$0.19$2.80$2.12$0.67
2014Detailed filing. Detailed filing data is available for this year.$1.10$0.13$0.97$2.60$1.88$0.71