HORIZON ACADEMY (EIN 481185324) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

MICHELE KILO

Phone

9137899443

Tax Period

2024-08-01 to 2025-07-31

HORIZON ACADEMY, founded in 1999, is a community nonprofit in the Education sector that reported $4.7M in total revenue in fiscal year 2024. Expenses of $4.5M left a modest 4% surplus.

Mission

EMPOWER STUDENTS WITH LANGUAGE-BASED DISABILITIES TO BECOME CONFIDENT & EFFECTIVE LEARNERS

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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 $540,219

Program Service Revenue $4,099,766

Investment Income $100,621

Other Revenue $-54,702

TOTAL REVENUE $4,685,904

Expense Breakdown

Grants Paid $366,140

Salaries & Benefits $3,238,687

Fundraising Expenses $268,424

Program Expenses $3,720,916

Other Expenses $791,836

TOTAL EXPENSES $4,490,172

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,685,904	$4,883,465	0.0%
Expenses	$4,490,172	$4,387,164	+0.0%
Net Income	$195,732	$496,301	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

115

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

$174,712

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK MERAZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHELLE KILO MD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TODD BAUER	TREASURER	1.00	Officer Director	$0	$0	$0
ELIZABETH BARNES	SECRETARY	1.00	Officer Director	$0	$0	$0
KELLY ST CLAIR	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
FRED CROUCH	OF COUNSEL	1.00	Officer Director	$0	$0	$0
DOUG BATES	MEMBER	1.00	Director	$0	$0	$0
CRAIG HAKKIO	MEMBER	1.00	Director	$0	$0	$0
REBECCA HALL COULSON	MEMBER	1.00	Director	$0	$0	$0
KEVIN HUMISTON	MEMBER	1.00	Director	$0	$0	$0
JEFF JENKINS	MEMBER	1.00	Director	$0	$0	$0
MICHAEL JURY	MEMBER	1.00	Director	$0	$0	$0
LIBBY MILKOVICH	MEMBER	1.00	Director	$0	$0	$0
SARAH MURPHY	MEMBER	1.00	Director	$0	$0	$0
ROB PITKIN	MEMBER	1.00	Director	$0	$0	$0
ASHLEY SIGHT	MEMBER	1.00	Director	$0	$0	$0
SARAH SMITH	MEMBER	1.00	Director	$0	$0	$0
JOE VALENCIANO	MEMBER	1.00	Director	$0	$0	$0
CHRISTINA BERNSTEIN	MEMBER (TERM END 05/31/2025)	1.00	Director	$0	$0	$0
ROBYN MUNCE	MEMBER (TERM END 05/31/2025)	1.00	Director	$0	$0	$0
VICKI ASHER	HEAD OF SCHOOL	80.00	Officer	$154,289	$20,423	$174,712

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
2025	$4,685,904	$4,490,172	$6,868,133	$195,732
2024	$4,883,465	$4,387,164	$6,586,088	$496,301
2023	$4,404,544	$4,004,205	$4,246,628	$400,339
2022	$4,207,542	$4,014,584	$4,176,318	$192,958
2022	$9,388	$269,058	$4,016,312	$-259,670
2021	$3,713,037	$3,535,002	$4,054,986	$178,035
2020	$3,415,402	$3,123,228	$3,522,428	$292,174
2019	$2,846,385	$3,024,205	$3,320,883	$-177,820
2018	$2,693,231	$2,692,340	$3,344,805	$891

HORIZON ACADEMY