HORIZON HEALTH CARE INC (EIN 460341255) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

WADE ERICKSON

Phone

6057724128

Tax Period

2024-01-01 to 2024-12-31

HORIZON HEALTH CARE INC, founded in 1978, is a mid-sized nonprofit in the Health Care sector that reported $26.6M in total revenue in fiscal year 2018.

Mission

HORIZON HEALTH CARE, INC. PROVIDES RURAL COMMUNITIES WITH ACCESS TO HIGH-QUALITY, AFFORDABLE PRIMARY HEALTHCARE SERVICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,888,049

Program Service Revenue $22,084,576

Investment Income $51,960

Other Revenue $273,357

TOTAL REVENUE $34,297,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,659,556

Fundraising Expenses $0

Program Expenses $30,136,220

Other Expenses $12,763,366

TOTAL EXPENSES $36,422,922

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,297,942	$36,062,504	0.0%
Expenses	$36,422,922	$37,095,896	0.0%
Net Income	$-2,124,980	$-1,033,392	+1.1%

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

400

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

$532,352

Total Directors

Key Employees

$777,603

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRISTIN GRUENHAGEN	SECRETARY	1.00	Officer Director	$0	$0	$0
SAMANTHA PLANK	CHAIR	1.00	Officer Director	$0	$0	$0
RYAN L JENSEN	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JERRY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ECHO PETERSEN	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS NELSEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVE SCHMIDT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRENDA SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HEISEL	DIRECTOR	1.00	Director	$0	$0	$0
RHEA LECOMPTE	TREASURER	1.00	Officer Director	$0	$0	$0
BRAD LEMMEL	DIRECTOR (LEFT 06/17/2024)	1.00	Director	$0	$0	$0
KRIS KRATOVIL	DIRECTOR	1.00	Director	$0	$0	$0
TENILLE LINDSKOV	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BUTLER	DIRECTOR (STARTED 09/2024)	1.00	Director	$0	$0	$0
WADE ERICKSON	CEO	40.00	Officer	$286,588	$38,743	$325,331
MELISSA HOFER	CFO	40.00	Officer	$173,809	$33,212	$207,021
SCOTT WEATHERILL	CIO	40.00	Key Emp	$210,170	$34,924	$245,094
MICHELLE SCHOLTZ	CHIEF DENTAL OFFICER	40.00	Key Emp	$259,088	$37,630	$296,718
MISTY RUDEBUSCH	CHIEF MEDICAL OFFICER	36.00	Key Emp	$201,229	$34,562	$235,791
TERRY WEAVER	PHYSICIAN	36.00	Highest	$346,804	$26,864	$373,668
TERESA MARTS	PHYSICIAN	30.00	Highest	$240,573	$35,835	$276,408
LANCE LIM	PHYSICIAN	32.00	Highest	$303,396	$39,587	$342,983
LAMAR KOISTINEN	DENTIST	40.00	Highest	$234,205	$35,059	$269,264
RUTH LIM	PHYSICIAN	30.00	Highest	$234,859	$11,739	$246,598

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	$34,297,942	$36,422,922	$25,661,152	$-2,124,980
2023	$36,062,504	$37,095,896	$27,352,763	$-1,033,392
2022	$36,286,778	$36,327,040	$28,518,056	$-40,262
2021	$38,593,167	$33,508,184	$27,415,990	$5,084,983
2020	$30,211,535	$30,597,328	$25,580,426	$-385,793
2019	$28,804,328	$28,191,264	$18,902,921	$613,064
2018	$26,565,429	$26,600,759	$18,783,122	$-35,330

HORIZON HEALTH CARE INC