HORIZON RESIDENTIAL ALTERNATIVES INC (EIN 363245936) - 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

1983

Legal Domicile

Principal Officer

MICHELLE RICH

Phone

8152234488

Tax Period

2024-07-01 to 2025-06-30

HORIZON RESIDENTIAL ALTERNATIVES INC, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $218K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $204K left a modest 6% surplus.

Mission

PROVIDE LOW INCOME HOUSING TO THE DEVELOPMENTALLY DISABLED.

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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 $145,818

Program Service Revenue $72,369

Investment Income $198

Other Revenue $0

TOTAL REVENUE $218,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $174,610

Other Expenses $204,498

TOTAL EXPENSES $204,498

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,385	$181,896	+0.2%
Expenses	$204,498	$156,332	+0.3%
Net Income	$13,887	$25,564	-0.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
COTE KLINEFELTER	President	Officer Director	$0	$0	$0
AMY WILLIAMS	Vice President	Officer Director	$0	$0	$0
BONNIE STEINBERG	TREASURER/SEC	Officer Director	$0	$0	$0
AMY BAKER	Director	Director	$0	$0	$0
KATHY MUELLER	Director	Director	$0	$0	$0
PEG HELM	Director	Director	$0	$0	$0
MICHELLE CARBONI	Director	Director	$0	$0	$0
CHRISTINA RIPPEL-WEBER	Director	Director	$0	$0	$0
KURTIS CARLS	Director	Director	$0	$0	$0
KATIE HARTAUER	Director	Director	$0	$0	$0
MICHELLE RICH	CEO	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
2025	$218,385	$204,498	$350,148	$13,887

HORIZON RESIDENTIAL ALTERNATIVES INC