HORACE MANN EDUCATIONAL ASSOCIATES… - Form 990 Financial Data

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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

1961

Legal Domicile

Principal Officer

DIANE GOULD

Phone

5082981100

Tax Period

2023-07-01 to 2024-06-30

HORACE MANN EDUCATIONAL ASSOCIATES INC, founded in 1961, is a mid-sized nonprofit in the Human Services sector that reported $44.3M in total revenue in fiscal year 2023. Expenses of $42.4M left a modest 4% surplus.

Mission

TO TEACH, SUPPORT AND EMPOWER PEOPLE WITH DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES TO LIVE MEANINGFUL LIVES OF THEIR CHOICE.

Program Service Accomplishments

Program 1

Expenses: $19,834,944 Revenue: $22,965,055

RESIDENTIAL SUPPORTSHMEA PROVIDES A VARIETY OF RESIDENTIAL OPTIONS WHICH ENABLE A PERSON TO LIVE IN AND BECOME PART OF THEIR COMMUNITY. INDIVIDUALS MAY CHOOSE WITH WHOM AND WHERE THEY WOULD LIKE TO LIVE. THE FOCUS IS ON INDIVIDUALLY DESIGNED SERVICES AND SUPPORT THAT PROVIDE BALANCE BETWEEN A SOCIAL LIFE, SKILL ACQUISITION AND PHYSICAL HEALTH. RESIDENTIAL OPTIONS INCLUDE: - SHARED LIVING- SUPPORTED LIVING- ROOMMATE MATCHING- 24/7 GROUP HOME SUPPORT

Program 2

Expenses: $8,712,735 Revenue: $11,627,173

DAY SUPPORTSHMEA PROVIDES A VARIETY OF EMPLOYMENT AND DAY HABILITATION PROGRAMS TO INDIVIDUALS OVER THE AGE OF 22 WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES. THE GOAL OF THESE PROGRAMS IS TO...

DAY SUPPORTSHMEA PROVIDES A VARIETY OF EMPLOYMENT AND DAY HABILITATION PROGRAMS TO INDIVIDUALS OVER THE AGE OF 22 WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES. THE GOAL OF THESE PROGRAMS IS TO PROVIDE PRODUCTIVE AND INCLUSIVE OPPORTUNITIES THAT MATCH EACH INDIVIDUAL'S NEEDS AND ABILITIES. EMPLOYMENT PROGRAMS OFFER INDIVIDUALIZED SERVICES AND SUPPORT THAT RECOGNIZE VOCATIONAL INTERESTS, SOCIAL DEVELOPMENT AND LEARNING STYLES. SERVICES INCLUDE ASSESSMENT, JOB IDENTIFICATION, JOB COACHING, TRANSITIONAL SERVICES FOR SCHOOL TO WORK PROGRAMS AND EVALUATION. DAY HABILITATION PROGRAMS SERVE THOSE INDIVIDUALS WHO DO NOT HAVE A DESIRE TO WORK OR HAVE MORE INTENSIVE MEDICAL NEEDS THAT PROHIBIT EMPLOYMENT. THESE PROGRAMS FOCUS ON PROVIDING COMMUNITY-BASED VOLUNTEER OPPORTUNITIES; AS WELL AS SOCIAL AND RECREATIONAL ACTIVITIES.

Program 3

Expenses: $4,437,265 Revenue: $4,706,717

CHILDREN'S SERVICESTHE CHILDREN'S SERVICES DIVISION INSURES THAT CHILDREN WITH DEVELOPMENTAL/INTELLECTUAL DISABILITIES ARE SUPPORTED WITHIN THEIR FAMILY AND COMMUNITY BY PROVIDING EDUCATION...

CHILDREN'S SERVICESTHE CHILDREN'S SERVICES DIVISION INSURES THAT CHILDREN WITH DEVELOPMENTAL/INTELLECTUAL DISABILITIES ARE SUPPORTED WITHIN THEIR FAMILY AND COMMUNITY BY PROVIDING EDUCATION, CONSULTATION AND INFORMATION THAT MEETS THE UNIQUE NEEDS OF EACH CHILD AND FAMILY. THE PROGRAM ALSO PROVIDES SUPPORT THROUGH EARLY INTERVENTION FOR CHILDREN WITH AUTISM; IN-SCHOOL OR IN-HOME SUPPORTS FOR CHILDREN WITH AUTISM OR PDD AND PARENT TRAINING. THE DARNELL SCHOOL PROVIDES INTENSIVE EDUCATIONAL SERVICES TO CHILDREN AGES 9-22 YEARS WITH AN AUTISM SPECTRUM DISORDER, DEVELOPMENTAL DISABILITY AND/OR BEHAVIORAL CHALLENGES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,022,500

Program Service Revenue $43,146,976

Investment Income $215,620

Other Revenue $-67,637

TOTAL REVENUE $44,317,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,578,928

Fundraising Expenses $735,745

Program Expenses $36,343,654

Other Expenses $15,756,088

TOTAL EXPENSES $42,417,016

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,317,459	$42,653,007	+0.0%
Expenses	$42,417,016	$41,512,300	+0.0%
Net Income	$1,900,443	$1,140,707	+0.7%

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

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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

698

Volunteers

120

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

$889,276

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE HAUSER	CHAIR	2.00	Officer Director	$0	$0	$0
KATIE GOODE	FIRST VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARK O'REILLY	DIRECTOR	2.00	Director	$0	$0	$0
CARLA CATALDO	CLERK	2.00	Officer Director	$0	$0	$0
KRISTINE BIAGIOTTI-BRIDGE	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN R GOULD	DIRECTOR	2.00	Director	$0	$0	$0
CHARLENE MCENTEE	DIRECTOR	2.00	Director	$0	$0	$0
JAYA PANDEY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL J QUINK	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL SHERIDAN	TREASURER	2.00	Officer Director	$0	$0	$0
DARREN TONG	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA VINTER	DIRECTOR (UNTIL 5/24)	2.00	Director	$0	$0	$0
STEVE WALLACE	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL WEIR	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RON ZULLO	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE HUBBARD	CLERK	2.00	Officer Director	$0	$0	$0
JESSICA KEMP	CHAIR	2.00	Officer Director	$0	$0	$0
GARY BUBLY	DIRECTOR	2.00	Director	$0	$0	$0
ALEXANDER FIDALGO	DIRECTOR	2.00	Director	$0	$0	$0
CHARLENE JACOBS	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD MARK ROVNER	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS MILLNER HANLEY	ASSISTANT CLEARK	2.00	Officer Director	$0	$0	$0
EDDY FRAZIER	DIRECTOR	2.00	Director	$0	$0	$0
KAY H HODGE ESQ	DIRECTOR	2.00	Director	$0	$0	$0
JULE NOACK	CEO & PRESIDENT	40.00	Officer	$349,628	$21,855	$371,483
NANCY MCDONALD	CFO	40.00	Officer	$155,374	$17,956	$173,330
DIANE GOULD	PRESIDENT	2.00	Officer	$0	$19,730	$344,463
MICHELE MAYER	CLO	40.00	Highest	$165,874	$18,147	$184,021
LUIS JORGE	VP	40.00	Highest	$160,700	$13,232	$173,932
MICHELLE DONOHUE	SR. VP	40.00	Highest	$125,627	$24,838	$150,465
MELISSA LEWIS	VP	40.00	Highest	$179,002	$17,000	$196,002
COURTNEY TANSKI	VP	40.00	Highest	$127,708	$1,300	$129,008

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	$44,317,459	$42,417,016	$32,715,798	$1,900,443
2023	$42,653,007	$41,512,300	$30,833,490	$1,140,707
2022	$42,230,717	$39,970,348	$24,578,202	$2,260,369
2021	$36,551,853	$35,635,212	$24,580,203	$916,641
2020	$39,239,868	$38,849,852	$20,217,253	$390,016
2019	$40,083,719	$39,117,883	$19,997,391	$965,836
2018	$39,432,364	$38,600,631	$19,225,177	$831,733

HORACE MANN EDUCATIONAL ASSOCIATES INC