NEW HORIZON CENTER FOR THE DEVELOPMENTALLY DISABLED

EIN: 366161806 501(c)(3)

CHICAGO, IL

Total Revenue
$8,661,715
Total Expenses
$8,519,457
Total Assets
$8,593,128
Net Assets
$7,854,164
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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
1967
Legal Domicile
IL
Principal Officer
KORIE BOWERS
Phone
7732866226
Tax Period
2024-07-01 to 2025-06-30

NEW HORIZON CENTER FOR THE DEVELOPMENTALLY DISABLED, founded in 1967, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE EDUCATION AND TRAIING FOR CHILDREN AND ADULTS WITH SEVERE DISABILITIES AND AUTISM. THE CENTER'S GOAL IS TO BRING DIGNITY AND RESPECT INTO THE LIVES OF OUR CHILDREN AND ADULTS BY BRINGING THEM A BETTER TODAY AND PROMISING TOMORROW. THE CENTER ADVOCATES FOR CHILDREN AND ADULTS WITH DISABILITIES BY DEFENDING THE PRINCIPLES OF PERSONAL DIGNITY, INFORMED CHOICE, AND INDIVIDUALITY.

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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 $1,945,035
Program Service Revenue $6,565,149
Investment Income $118,896
Other Revenue $32,635
TOTAL REVENUE $8,661,715

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,777,900
Fundraising Expenses $1,529
Program Expenses $8,211,763
Other Expenses $2,741,557
TOTAL EXPENSES $8,519,457

Year-over-Year Comparison

2024 2023 Change
Revenue $8,661,715 $7,714,449 +0.1%
Expenses $8,519,457 $7,813,451 +0.1%
Net Income $142,258 $-99,002 -2.4%
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

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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
7
Independent Members
7
Employees
128
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
1
$134,899
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KORIE BOWERS PRINCIPAL 35.00
Officer
$134,899 $0 $134,899
CHRISTINA CURTIS BUSINESS MAN 35.00
Highest
$103,000 $0 $103,000
VICTORIA SALLAS LANGUAGE PAT 35.00
Highest
$100,301 $0 $100,301
WENDY DURY PRESIDENT 3.00
Director
$0 $0 $0
DAVID DYER BOARD MEMBER 3.00
Director
$0 $0 $0
VINCENT FORGIONE SECRETARY 3.00
Director
$0 $0 $0
ROBERT GAWRONSKI BOARD MEMBER 3.00
Director
$0 $0 $0
APRIL SMITH BOARD MEMBER 3.00
Director
$0 $0 $0
BOB SMITH BOARD MEMBER 3.00
Director
$0 $0 $0
MATTHEW VANDERCAR BOARD MEMBER 3.00
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
2025 $8,661,715 $8,519,457 $8,593,128 $142,258
2024 $7,714,449 $7,813,451 $8,562,463 $-99,002
2023 $7,163,645 $6,937,197 $8,714,598 $226,448
2022 $6,104,902 $5,689,117 $8,510,741 $415,785
2021 $6,075,373 $5,625,808 $8,089,558 $449,565
2020 $5,772,761 $5,499,942 $8,417,932 $272,819
2019 $6,303,793 $5,654,723 $7,491,483 $649,070
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