HORIZONS NATIONAL STUDENT ENRICHMENT PROGRAM INC (EIN 061468129) - 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

1996

Legal Domicile

Principal Officer

LORNA SMITH

Phone

2035947040

Tax Period

2024-01-01 to 2024-12-31

HORIZONS NATIONAL STUDENT ENRICHMENT PROGRAM INC, founded in 1996, is a community nonprofit in the Youth Development sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

HORIZONS NATIONAL STUDENT ENRICHMENT PROGRAM, INC. (HN) ADVANCES EDUCATIONAL EQUITY BY BUILDING LONG-TERM PARTNERSHIPS WITH STUDENTS, FAMILIES, COMMUNITIES, AND SCHOOLS TO CREATE EXPERIENCES OUTSIDE OF SCHOOL THAT INSPIRE THE JOY OF LEARNING.

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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 $3,259,811

Program Service Revenue $0

Investment Income $63,868

Other Revenue $85,952

TOTAL REVENUE $3,409,631

Expense Breakdown

Grants Paid $518,977

Salaries & Benefits $2,373,703

Fundraising Expenses $194,503

Program Expenses $2,858,351

Other Expenses $487,502

TOTAL EXPENSES $3,380,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,409,631	$2,611,996	+0.3%
Expenses	$3,380,182	$4,314,505	-0.2%
Net Income	$29,449	$-1,702,509	-1.0%

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

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

$473,672

Total Directors

Key Employees

$469,830

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICKI CRAVER	CHAIR	5.00	Officer Director	$0	$0	$0
ERIC COCHRAN	VICE CHAIR	5.00	Officer Director	$0	$0	$0
ERICK HONG	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MARK A STEFFENSEN	TREASURER	5.00	Officer Director	$0	$0	$0
MELISSA HUMPHREY	SECRETARY	5.00	Officer Director	$0	$0	$0
REBECCA VELEZ FREY	MEMBER	5.00	Director	$0	$0	$0
SWATI PATEL	AFFILIATE REPRESENTATIVE	5.00	Director	$0	$0	$0
DA'VON BOYD	ASSOCIATE BOARD REPRESENTATIVE	5.00	Director	$0	$0	$0
ROBERT DESANTIS	AFFILIATE REPRESENTATIVE	5.00	Director	$0	$0	$0
JOSHUA DUMAS	ASSOCIATE BOARD REPRESENTATIVE	5.00	Director	$0	$0	$0
HOPE JOHNSON	MEMBER	5.00	Director	$0	$0	$0
JON MICHAEL REESE	MEMBER	5.00	Director	$0	$0	$0
MELINDA ROLFS	MEMBER	5.00	Director	$0	$0	$0
RONALD SMART	MEMBER	5.00	Director	$0	$0	$0
DANIEL YIH	MEMBER	5.00	Director	$0	$0	$0
WILLIAM D YOUNG III	MEMBER	5.00	Director	$0	$0	$0
BARBARA CLANCY	MEMBER	5.00	Director	$0	$0	$0
DOUG MICHELMAN	MEMBER	5.00	Director	$0	$0	$0
MARITZA MCCLENDON	MEMBER	5.00	Director	$0	$0	$0
AMY NICKIN	MEMBER	5.00	Director	$0	$0	$0
RICHARD TAGLE	MEMBER	5.00	Director	$0	$0	$0
LORNA SMITH	CEO	40.00	Officer	$245,000	$32,841	$277,841
KATHLEEN NAZAR	SR VP, FINANCE & OPERATION	40.00	Officer	$186,506	$9,325	$195,831
DARA ROSE	SR VP, AFFILIATE SERVICES	40.00	Key Emp	$198,635	$31,584	$230,219
JOSE OROMI	EXECUTIVE VICE PRESIDENT	40.00	Key Emp	$228,201	$11,410	$239,611
PHILIPPE-EMMANUEL HARDING	SR DIRECTOR, TECHNOLOGY & OPERATIONS	40.00	Highest	$121,250	$6,062	$127,312
ANGELA CULBREATH BRYCE	VP, PEOPLE AND CULTURE	40.00	Highest	$121,800	$42,585	$164,385
MORGAN SMITH	SR DIRECTOR, RESOURCES	40.00	Highest	$102,454	$5,123	$107,577

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	$3,409,631	$3,380,182	$4,304,484	$29,449
2023	$2,611,996	$4,314,505	$4,302,424	$-1,702,509
2022	$3,822,657	$4,022,606	$6,129,389	$-199,949
2021	$4,724,137	$4,098,204	$6,013,839	$625,933
2020	$4,501,681	$4,175,939	$5,297,852	$325,742
2019	$6,226,804	$5,247,515	$5,006,068	$979,289
2018	$5,602,311	$4,714,097	$3,991,415	$888,214

HORIZONS NATIONAL STUDENT ENRICHMENT PROGRAM INC