GLOBAL HORIZONS INC

EIN: 411805314 501(c)(3) Unknown

MINNEAPOLIS, MN

Total Revenue
$1,862,835
Total Expenses
$1,741,550
Total Assets
$1,253,303
Net Assets
$1,249,040
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MN
Principal Officer
DAAN KLEM
Phone
6122940419
Tax Period
2024-01-01 to 2024-12-31

GLOBAL HORIZONS INC, founded in 1994, is a community nonprofit in the Unknown sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 7% surplus.

Mission

TO SERVE GLOBAL CHRISTIAN PARTNERS WHO ARE PROMOTING DISCIPLESHIP AND COMMUNITY-BASED CHANGE THROUGH RECONCILIATION AND SOCIAL JUSTICE.

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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 $1,791,865
Program Service Revenue $0
Investment Income $70,970
Other Revenue $0
TOTAL REVENUE $1,862,835

Expense Breakdown

Grants Paid $728,761
Salaries & Benefits $109,498
Fundraising Expenses $0
Program Expenses $1,569,309
Other Expenses $903,291
TOTAL EXPENSES $1,741,550

Year-over-Year Comparison

2024 2023 Change
Revenue $1,862,835 $1,442,327 +0.3%
Expenses $1,741,550 $1,349,216 +0.3%
Net Income $121,285 $93,111 +0.3%
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

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Governance

Voting Members
8
Independent Members
7
Employees
2
Volunteers
90

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
4
$51,184
Total Directors
8
$51,184
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAAN KLEM PRESIDENT / DIRECTOR OF OPERA 005.00
Officer Director
$51,184 $0 $51,184
NAN MUHOVICH SECRETARY - DEVELOPMENT COMMI 001.00
Officer Director
$0 $0 $0
DAVID MUHOVICH BOARD CHAIR 001.00
Officer Director
$0 $0 $0
DR LEON RODRIGUES BOARD MEMBER 001.00
Director
$0 $0 $0
HERB KLEM BOARD MEMBER 001.00
Director
$0 $0 $0
COLIN MILLER BOARD MEMBER 001.00
Director
$0 $0 $0
SUSAN METOXEN BOARD MEMBER 001.00
Director
$0 $0 $0
KRISTY WHITE TREASURER 001.00
Officer 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 $1,862,835 $1,741,550 $1,253,303 $121,285
2023 $1,442,327 $1,349,217 $1,121,188 $93,110
2022 $1,223,580 $1,222,052 $1,028,504 $1,528
2021 $1,146,012 $1,077,753 $1,036,210 $68,259
2020 $1,232,311 $1,138,942 $978,354 $93,369
2019 $1,128,735 $1,255,128 $899,044 $-126,393
2018 $1,824,384 $1,478,398 $1,004,965 $345,986
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