HORIZON HEALTH PARTNERS 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

2014

Legal Domicile

Principal Officer

ERIC EVANS

Phone

2528838328

Tax Period

2018-01-01 to 2018-12-31

HORIZON HEALTH PARTNERS INC, founded in 2014, is a small nonprofit that reported $422K in total revenue in fiscal year 2018. Expenses of $720K exceeded revenue, resulting in a 70% operating deficit.

Mission

TO ENSURE THE SUCCESSFUL CONSTRUCTION OF THE BIOTECH AND SIMULATION CENTER FOR EDGECOMBE COMMUNITY COLLEGE'S USE FOR ITS EXPANDED ALLIED HEALTH SCIENCES ACADEMIC PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $632,658 Revenue: $422,423

TURNING POINT WDB CONTINUES TO MOVE FORWARD WITH THE URBAN RESEARCH PROJECT IN COLLABORATION OF PARTNERS SUCH AS NCWORKS CAREER CENTERS, AREA L AHEC, EDGECOMBE COMMUNITY COLLEGE, NASH COMMUNITY...

TURNING POINT WDB CONTINUES TO MOVE FORWARD WITH THE URBAN RESEARCH PROJECT IN COLLABORATION OF PARTNERS SUCH AS NCWORKS CAREER CENTERS, AREA L AHEC, EDGECOMBE COMMUNITY COLLEGE, NASH COMMUNITY COLLEGE, INNOVATE+EDUCATE AND SIMULATION LAB LOCATED AT EDGECOMBE COUNTY INDUSTRIAL INCUBATOR. THE GRANT HAS PROVIDED THE FOLLOWING OUTCOMES AS TO DATE: OVER 288 SERVED BY WAY OF CAREER ASSESSMENTS, CAREER ADVISING, EDUCATIONAL AND SUPPORT SERVICES, 188+ ENROLLED IN TRAINING, 108 PARTICIPATED IN (PHCAST) PERSONAL AND HOME CARE STATE TRAINING PROGRAM,66 COMPLETED NURSING AID I AND PASSED THE STATE CERTIFICATION EXAM, 54 EMPLOYED IN HEALTHCARE OCCUPATIONS, 56 EMPLOYED.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $422,423

Investment Income $0

Other Revenue $0

TOTAL REVENUE $422,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $632,658

Other Expenses $719,576

TOTAL EXPENSES $719,576

Year-over-Year Comparison

	2018	2017	Change
Revenue	$422,423	$418,241	+0.0%
Expenses	$719,576	$749,799	0.0%
Net Income	$-297,153	$-331,558	-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

N/A

Volunteers

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

$20,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN WEBB CORBETT	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
ERIC EVANS	BOARD MEMBER	4.00	Director	$0	$0	$0
LORENZO CARMON	PRESIDENT	15.00	Officer	$20,000	$0	$20,000

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
2018	$422,423	$719,576	$10,350,155	$-297,153