HORIZON EDUCATION CENTERS

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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

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 OPPORTUNITES FOR CHILDREN AND THEIR FAMILIES IN OUR COMMUNITIES

Program Service Accomplishments

Program 1

Expenses: $22,100,957 Revenue: $13,102,366

CHILDCARE AND EARLY EDUCATION, AFTERSCHOOL EDUCATIONAL ASSISTANCE FOR MIDDLE SCHOOL STUDENTS

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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 $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

Governance

Voting Members

Independent Members

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

Total Directors

$225,905

Key Employees

Highest Compensated

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