HORIZON INITIATIVE (EIN 201072627) - 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

2003

Legal Domicile

Principal Officer

JERLE WEAVER

Phone

7173909950

Tax Period

2023-01-01 to 2023-12-31

HORIZON INITIATIVE, founded in 2003, is a community nonprofit in the Religion sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $10.6M exceeded revenue, resulting in a 235% operating deficit.

Mission

HORIZON EXISTS TO BREAK CYCLES OF POVERTY THROUGH RESCUING, RESTORING AND EMPOWERING ORPHANED CHILDREN, VULNERABLE CHILDREN AND AT-RISK YOUTH TO A LIFE OF SELF-SUSTAINABILITY

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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 $2,297,684

Program Service Revenue $154,890

Investment Income $0

Other Revenue $703,194

TOTAL REVENUE $3,155,768

Expense Breakdown

Grants Paid $2,919,125

Salaries & Benefits $1,097,234

Fundraising Expenses $411,703

Program Expenses $3,734,298

Other Expenses $6,545,338

TOTAL EXPENSES $10,561,697

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,155,768	$1,952,997	+0.6%
Expenses	$10,561,697	$3,371,476	+2.1%
Net Income	$-7,405,929	$-1,418,479	+4.2%

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

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

$382,366

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRETCHEN VILLEGAS	CEO	40.00	Officer	$255,262	$0	$255,262
JACOB KEELER	GLOBAL STRAT	40.00	Officer	$127,104	$0	$127,104
AUSTIN HALLER	BOARD CHAIR	1.50	Officer Director	$0	$0	$0
JERLE WEAVER	TREASURER	0.50	Officer Director	$0	$0	$0
EUGENE STRITE	SECRETARY	0.50	Officer Director	$0	$0	$0
JAMES PESCE	DIRECTOR	0.50	Director	$0	$0	$0
STEPHEN PEROFF	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW BURKHOLDER	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD HALLER	DIRECTOR	0.50	Director	$0	$0	$0
DARYL HELLER	DIRECTOR	0.50	Director	$0	$0	$0
RONALD MYER	DIRECTOR-NON	0.50	Director	$0	$0	$0
LARRY KREIDER	DIRECTOR-NON	0.50	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
2023	$3,155,768	$10,561,697	$1,834,423	$-7,405,929
2022	$1,952,997	$3,371,476	$8,973,939	$-1,418,479
2021	$2,705,275	$2,851,158	$10,180,972	$-145,883
2020	$8,984,669	$2,666,189	$9,564,690	$6,318,480
2019	$3,923,024	$2,428,981	$2,221,433	$1,494,043
2019	$3,918,586	$2,024,543	$2,621,433	$1,894,043
2018	$1,250,717	$1,289,061	$247,388	$-38,344

HORIZON INITIATIVE