HORIZONS NEWARK 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

JOANNE KLAPPER

Phone

9736718946

Tax Period

2024-01-01 to 2024-12-31

HORIZONS NEWARK INC, founded in 2014, is a small nonprofit in the Youth Development sector that reported $212K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $312K exceeded revenue, resulting in a 47% operating deficit.

Mission

HORIZONS NEWARK IS AN ACADEMIC ENRICHMENT PROGRAM THAT SEEKS TO ADDRESS THE ACHIEVEMENT GAP FOR PUBLIC SCHOOL STUDENTS FROM LOW INCOME FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $248,885 Revenue: $212,341

THE PURPOSE IS TO FACILITATE CHILDREN DURING THE SUMMER AND ENGAGE THEM IN ACTIVITIES. THIS PROGRAM SUPPORTS UNDERSERVED COMMUNITIES AND GIVES CHILDREN SOMETHING TO LOOK FORWARD TO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $212,341

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $212,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,323

Fundraising Expenses $0

Program Expenses $248,885

Other Expenses $234,029

TOTAL EXPENSES $312,352

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,341	$332,965	-0.4%
Expenses	$312,352	$237,178	+0.3%
Net Income	$-100,011	$95,787	-2.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNA KLAPPER	CHAIR	5.00	Officer Director	$0	$0	$0
TOACCA RUTHERFORD	CO-CHAIR	5.00	Officer Director	$0	$0	$0
SUZANNE BEN-MENACHEM	TREASURER	5.00	Officer Director	$0	$0	$0
PIPPA RILEY	TRUSTEE	5.00	Director	$0	$0	$0
AMY CAIRNS	TRUSTEE	5.00	Director	$0	$0	$0
LAURA SCHAFFER	TRUSTEE	5.00	Director	$0	$0	$0
ERICA AJAYI	TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL AJAYI	TRUSTEE	5.00	Director	$0	$0	$0
HEATHER BRAUN	TRUSTEE	5.00	Director	$0	$0	$0
ELLIOT BRAUN	TRUSTEE	5.00	Director	$0	$0	$0
KRISTIN BUSH	TRUSTEE	5.00	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	$212,341	$312,352	$126,978	$-100,011
2023	$332,965	$237,178	$226,989	$95,787
2022	$214,737	$199,848	$131,818	$14,889