HORIZONS GREATER WASHINGTON INC (EIN 271476998) - 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

2009

Legal Domicile

Principal Officer

ANN KAY

Phone

2029398885

Tax Period

2023-10-01 to 2024-09-30

HORIZONS GREATER WASHINGTON INC, founded in 2009, is a community nonprofit in the Youth Development sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 36% operating deficit.

Mission

HORIZONS GREATER WASHINGTON IS A TUITION-FREE ACADEMIC AND ENRICHMENT PROGRAM SERVING PUBLIC AND CHARTER SCHOOL STUDENTS IN FAMILIES FROM UNDERSERVED COMMUNITIES IN WASHINGTON, DC AND MARYLAND. THEIR MISSION IS TO ADVANCE 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 (2023)

Revenue Breakdown

Contributions & Grants $1,397,360

Program Service Revenue $0

Investment Income $30,319

Other Revenue $16,677

TOTAL REVENUE $1,444,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,105,985

Fundraising Expenses $421,185

Program Expenses $1,358,862

Other Expenses $855,635

TOTAL EXPENSES $1,961,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,444,356	$1,553,967	-0.1%
Expenses	$1,961,620	$1,799,053	+0.1%
Net Income	$-517,264	$-245,086	+1.1%

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

117

Volunteers

114

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

$165,153

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GABRIELLA GODDARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JANE WU BROWER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANN KAY	TREASURER	1.00	Officer Director	$0	$0	$0
DIANE MOONEY	SECRETARY	1.00	Officer Director	$0	$0	$0
IVELINA BENITEZ	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS BISGAARD	EX-OFFICIO	1.00	Director	$0	$0	$0
JOSEPH CONRAD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DESARBO	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW GOULD	EX-OFFICIO	1.00	Director	$0	$0	$0
LEANA KATZ	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER LOVEN	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN MANSFIELD	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA MORALES	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN PHAM	DIRECTOR	1.00	Director	$0	$0	$0
ANN RAKESTRAW	DIRECTOR	1.00	Director	$0	$0	$0
ARCHIBALD SMART	DIRECTOR	1.00	Director	$0	$0	$0
JALENE SPAIN THOMAS	EX-OFFICIO	1.00	Director	$0	$0	$0
NORMAN WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DI MARCO	EXECUTIVE DIRECTOR	40.00	Officer	$158,999	$6,154	$165,153

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	$1,444,356	$1,961,620	$1,031,211	$-517,264
2023	$1,553,967	$1,799,053	$1,261,946	$-245,086
2022	$2,210,938	$1,388,649	$1,491,450	$822,289
2021	$1,094,627	$1,312,961	$803,568	$-218,334
2020	$970,238	$1,036,101	$868,997	$-65,863
2019	$1,350,733	$1,074,261	$902,782	$276,472
2018	$965,622	$921,080	$596,393	$44,542

HORIZONS GREATER WASHINGTON INC