HORIZON HEALTH FOUNDATION OF EAST CENTRAL ILLINOIS INC

EIN: 473034746 501(c)(3) Health Care

PARIS, IL

Total Revenue
$4,060,163
Total Expenses
$4,682,557
Total Assets
$28,780,676
Net Assets
$27,092,942
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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
2015
Legal Domicile
IL
Principal Officer
RANDI BOHANNON
Phone
2174651234
Tax Period
2024-01-01 to 2024-12-31

HORIZON HEALTH FOUNDATION OF EAST CENTRAL ILLINOIS INC, founded in 2015, is a community nonprofit in the Health Care sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 875% from the prior year, signaling strong growth momentum. Expenses of $4.7M exceeded revenue, resulting in a 15% operating deficit.

Mission

INSPIRING DONOR SUPPORT FOR EXCELLENT PATIENT CARE AND WELLNESS THROUGHOUT OUR COMMUNITIES.

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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 $253,977
Program Service Revenue $0
Investment Income $3,739,388
Other Revenue $66,798
TOTAL REVENUE $4,060,163

Expense Breakdown

Grants Paid $4,281,941
Salaries & Benefits $191,811
Fundraising Expenses $0
Program Expenses $4,592,384
Other Expenses $208,805
TOTAL EXPENSES $4,682,557

Year-over-Year Comparison

2024 2023 Change
Revenue $4,060,163 $416,483 +8.7%
Expenses $4,682,557 $1,910,311 +1.5%
Net Income $-622,394 $-1,493,828 -0.6%
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
9
Independent Members
8
Employees
N/A
Volunteers
8

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
6
$546,183
Total Directors
11
$393,794
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTIN D ADAMS VICE CHAIRMAN 1.00
Officer Director
$0 $42,853 $393,794
ROBERT ANDERSON CHAIRMAN 1.00
Officer Director
$0 $0 $0
DAVID FRISSE CHAIRMAN (END 2024) 1.00
Officer Director
$0 $0 $0
RANDI BOHANNON EXECUTIVE DIRECTOR 40.00
Officer
$0 $20,150 $152,389
ERIC VOLKMANN TREASURER 1.00
Officer Director
$0 $0 $0
DEBBIE BENEFIEL SECRETARY 1.00
Officer Director
$0 $0 $0
DONALD BARTOS DIRECTOR 1.00
Director
$0 $0 $0
BRADLEY TUCKER DIRECTOR 1.00
Director
$0 $0 $0
MANDY NEAL DIRECTOR 1.00
Director
$0 $0 $0
STEVE BLAIR DIRECTOR (BEG 2024) 1.00
Director
$0 $0 $0
SUSAN ARP DIRECTOR (BEG 2024) 1.00
Director
$0 $0 $0
WILLIAM BILL MINNIS DIRECTOR (END 2024) 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 $4,060,163 $4,682,557 $28,780,676 $-622,394
2023 $416,483 $1,910,311 $28,413,866 $-1,493,828
2022 $4,362,797 $2,065,778 $26,295,869 $2,297,019
2021 $4,157,949 $1,875,670 $33,679,654 $2,282,279
2020 $1,409,921 $752,598 $28,467,046 $657,323
2019 $1,300,898 $628,438 $25,611,053 $672,460
2018 $2,629,413 $1,350,000 $21,014,136 $1,279,413
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