HORIZON EDUCATION CENTERS

EIN: 341267458 501(c)(3)

NORTH OLMSTED, OH

Total Revenue
$23,952,896
Total Expenses
$23,324,741
Total Assets
$25,760,648
Net Assets
$11,293,471
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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
1978
Legal Domicile
OH
Principal Officer
DAVID SMITH
Phone
4404638106
Tax Period
2024-01-01 to 2024-12-31

HORIZON EDUCATION CENTERS, founded in 1978, is a mid-sized nonprofit that reported $24.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE AFFORDABLE QUALITY CHILDCARE AND EDUCATION OPPORTUNITIES FOR CHILDREN AND THEIR FAMILIES IN OUR COMMUNITIES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,758,895
Program Service Revenue $13,028,721
Investment Income $49,773
Other Revenue $115,507
TOTAL REVENUE $23,952,896

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,287,141
Fundraising Expenses $0
Program Expenses $22,100,957
Other Expenses $9,037,600
TOTAL EXPENSES $23,324,741

Year-over-Year Comparison

2024 2023 Change
Revenue $23,952,896 $21,952,439 +0.1%
Expenses $23,324,741 $21,692,282 +0.1%
Net Income $628,155 $260,157 +1.4%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
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
3
$0
Total Directors
11
$225,905
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMANDA LAMB TRUSTEE 2.00
Director
$0 $0 $0
BRENDAN MACKIN TRUSTEE 2.00
Director
$0 $0 $0
BRET FISHER TRUSTEE 2.00
Director
$0 $0 $0
DAVE KENNEY TRUSTEE 2.00
Director
$0 $0 $0
LAURA REINHARD TRUSTEE 2.00
Director
$0 $0 $0
THOMAS HERBSTER TRUSTEE 2.00
Director
$0 $0 $0
MICHELLE LAZETTE TRUSTEE 2.00
Director
$0 $0 $0
GEORGIA HATZIS TRUSTEE 2.00
Director
$0 $0 $0
RACHEL DONNELLEY SMITH TRUSTEE 2.00
Director
$0 $0 $0
ALEXANDER DEPASQUALE TRUSTEE 2.00
Director
$0 $0 $0
DAVID SMITH EXECUTIVE DIRECTOR 50.00
Director
$225,905 $0 $225,905
BILL BARLOCK PRESIDENT 10.00
Officer
$0 $0 $0
JULIE HAMMAN SECRETARY 5.00
Officer
$0 $0 $0
MATTHEW MALONEY TREASURER 5.00
Officer
$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 $23,952,896 $23,324,741 $25,760,648 $628,155
2023 $21,952,439 $21,692,282 $26,346,360 $260,157
2022 $19,966,532 $18,108,226 $26,023,146 $1,858,306
2021 $15,661,118 $14,031,464 $18,012,561 $1,629,654
2020 $10,876,721 $10,709,839 $17,303,877 $166,882
2019 $10,756,355 $10,243,823 $15,029,065 $512,532
2018 $9,306,098 $9,221,222 $16,834,224 $84,876
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