HORIZON HOUSE INC

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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

1998

Legal Domicile

Principal Officer

YAT MING LUM

Tax Period

2023-10-01 to 2024-09-30

HORIZON HOUSE INC, founded in 1998, is a small nonprofit in the Human Services sector that reported $719K in total revenue in fiscal year 2023. Expenses of $615K left a modest 14% surplus.

Mission

TO PROVIDE STRUCTURED SPECIALIZED RESIDENTIAL SERVICES TO DEVELOPMENTALLY DISABLED ADULT MALES WHO ARE EX-OFFENDERS TO EMPOWER THEM TO LIVE INDEPENDENTLY WITH SKILLS TO OBTAIN EMPLOYMENT IN THE COMMUNITY AND TO REMAIN CRIME FREE

Program Service Accomplishments

Program 1

Expenses: $463,578

HORIZON HOUSE INC HAS CONTINUED TO KEEP OUR RESIDENTS SAFE, HEALTHY AND BUSY. SOME OF THE RESIDENTS WORK IN THE COMMUNITY AND THE OTHERS ARE STILL WITH THE DAY PROGRAM. THE RESIDENTS STARTED TO...

HORIZON HOUSE INC HAS CONTINUED TO KEEP OUR RESIDENTS SAFE, HEALTHY AND BUSY. SOME OF THE RESIDENTS WORK IN THE COMMUNITY AND THE OTHERS ARE STILL WITH THE DAY PROGRAM. THE RESIDENTS STARTED TO SOCIALIZE, GOING BOWLING, CAMPING, MOVIES AND ATTENDING CHURCH.

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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 $712,593

Investment Income $5,606

Other Revenue $370

TOTAL REVENUE $718,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $461,163

Fundraising Expenses $0

Program Expenses $463,578

Other Expenses $154,299

TOTAL EXPENSES $615,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$718,569	$739,074	0.0%
Expenses	$615,462	$618,172	0.0%
Net Income	$103,107	$120,902	-0.1%

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

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

$93,569

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YAT MING LUM	EXECUTIVE DIRECTOR	050.00	Officer	$93,569	$0	$93,569
ANTONIO GREEN	CHAIRMAN	005.00	Officer Director	$0	$0	$0
BRENDA BORDERS	TREASURER	003.00	Officer Director	$0	$0	$0
MARIA WELEBORNE	SECRETARY	003.00	Officer Director	$0	$0	$0
LOIS WHEELER	MEMBER	001.00	Director	$0	$0	$0
DAVID FOUCHE	MEMBER	001.00	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	$718,569	$615,462	$1,579,741	$103,107
2023	$739,074	$618,172	$1,473,354	$120,902
2022	$789,559	$511,926	$1,337,217	$277,633
2021	$704,095	$397,219	$981,518	$306,876
2020	$611,065	$377,932	$670,653	$233,133