MARION COUNTY HORIZON CENTER

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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

1986

Legal Domicile

Phone

6185480309

Tax Period

2023-10-01 to 2024-09-30

MARION COUNTY HORIZON CENTER, founded in 1986, is a mid-sized nonprofit in the Health Care sector that reported $38.0M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $32.5M left a modest 15% surplus.

Mission

CARE OF APPROXIMATELY 261 AGED AND HANDICAPPED PERSONS. SERVICES INCLUDE MEDICAL, NUTRITIONAL, RECREATIONAL, AND THERAPEUTICAL.

Program Service Accomplishments

Program 1

Expenses: $29,818,085

CARE OF APPROXIMATELY 331 AGED AND HANDICAPPED PERSONS. SERVICES INCLUDE MEDICAL, NUTRITIONAL, RECREATIONAL, AND THERAPEUTICAL.

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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 $0

Program Service Revenue $37,198,185

Investment Income $818,054

Other Revenue $0

TOTAL REVENUE $38,016,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,217,717

Fundraising Expenses $0

Program Expenses $29,818,085

Other Expenses $13,280,926

TOTAL EXPENSES $32,498,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,016,239	$31,788,916	+0.2%
Expenses	$32,498,643	$26,064,487	+0.2%
Net Income	$5,517,596	$5,724,429	0.0%

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

697

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE PROSSER	ACCOUNTANT	57.50		$243,624	$0	$243,624
HEATHER HOUSER	OPERATIONS	40.00		$160,746	$0	$160,746
CHARLOTTE WATTON	QIDP	40.00		$119,716	$0	$119,716
CORY YOUNG	QIDP	40.00		$117,425	$0	$117,425
JAMIE MAYHALL	QIDP	40.00		$110,036	$0	$110,036
TERRY ELWOOD	Director	1.00	Director	$0	$0	$0
RANDALL KNAAK	Director	1.00	Director	$0	$0	$0
JULIE QUINN	Director	1.00	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
2024	$38,016,239	$32,498,643	$33,868,295	$5,517,596
2023	$31,788,916	$26,064,487	$26,815,270	$5,724,429
2022	$26,340,396	$21,702,035	$18,030,631	$4,638,361
2021	$24,896,962	$16,557,390	$15,469,817	$8,339,572
2020	$14,215,052	$11,640,125	$8,427,061	$2,574,927
2019	$9,420,524	$8,985,638	$4,214,915	$434,886
2018	$5,229,329	$4,534,355	$3,384,130	$694,974