HORIZONS INC (EIN 061013833) - 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

1979

Legal Domicile

Principal Officer

CHRISTINA MCNABOE

Phone

8604561032

Tax Period

2023-10-01 to 2024-09-30

HORIZONS INC, founded in 1979, is a community nonprofit in the Recreation & Sports sector that reported $5.0M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 27% operating margin.

Mission

TO CREATE AND SUSTAIN PERSON-CENTERED OPPORTUNITIES FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES WHERE THEY LIVE, LEARN, WORK AND PLAY.

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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 $2,077,246

Program Service Revenue $2,779,505

Investment Income $78,220

Other Revenue $36,238

TOTAL REVENUE $4,971,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,769,275

Fundraising Expenses $134,003

Program Expenses $3,085,921

Other Expenses $1,874,659

TOTAL EXPENSES $3,643,934

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,971,209	$3,215,611	+0.5%
Expenses	$3,643,934	$3,130,236	+0.2%
Net Income	$1,327,275	$85,375	+14.5%

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

207

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

$895,993

Total Directors

$221,870

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY FORD	COO	4.00	Officer	$0	$52,987	$188,235
CHRISTINA MCNABOE	PRESIDENT/CE	14.00	Officer Director	$97,036	$33,810	$154,847
JANICE CHAMBERLAIN	PART YEAR DI	4.20	Officer	$0	$47,354	$154,770
SIMON WELLS	CHIEF OF STA	1.00	Officer	$0	$46,059	$143,751
MARIA PALLEIN	DIRECTOR OF	18.00	Officer	$0	$39,906	$117,522
VICTORIA BACHIOCHI	PART YEAR DI	3.60	Officer	$0	$18,093	$69,845
KATHLEEN MCNABOE	VP/ORG. MGR/	9.36	Officer Director	$64,445	$2,578	$67,023
TOM AVERY	DIRECTOR	0.50	Director	$0	$0	$0
ELENA GERVINO	DIRECTOR	0.50	Director	$0	$0	$0
ALISON LENTOCHA	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTIAN ROBISON	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA FLANAGAN	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL WHITE	DIRECTOR	0.50	Director	$0	$0	$0
DEIRDHRE DELANEY	SECRETARY	3.00	Officer Director	$0	$0	$0
MATTHEW VERTEFEUILLE	BOARD CHAIRM	1.00	Officer 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
2024	$4,971,209	$3,643,934	$12,192,639	$1,327,275
2023	$3,215,611	$3,130,236	$10,982,709	$85,375
2022	$3,064,358	$2,782,825	$10,994,541	$281,533
2021	$2,656,183	$2,457,213	$11,074,865	$198,970
2020	$1,332,374	$2,254,609	$10,960,108	$-922,235
2019	$4,455,344	$3,279,254	$11,491,599	$1,176,090
2018	$3,072,395	$3,023,960	$10,508,216	$48,435

HORIZONS INC