THE HORIZON FOUNDATION OF HOWARD COUNTY INC (EIN 522119011) - 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

1998

Legal Domicile

Principal Officer

NICOLETTE H VERNICK

Phone

4107150311

Tax Period

2023-01-01 to 2023-12-31

THE HORIZON FOUNDATION OF HOWARD COUNTY INC, founded in 1998, is a community nonprofit in the Health Care sector that reported $5.2M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $4.9M left a modest 6% surplus.

Mission

OUR MISSION IS TO WORK SIDE-BY-SIDE WITH COMMUNITY TO BUILD POWER AND ADVOCATE FOR POLICY CHANGE TO ACHIEVE BETTER HEALTH FOR EVERYONE IN HOWARD COUNTY AND GREATER MARYLAND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,000

Program Service Revenue $0

Investment Income $5,007,037

Other Revenue $149,529

TOTAL REVENUE $5,160,566

Expense Breakdown

Grants Paid $642,769

Salaries & Benefits $1,785,986

Fundraising Expenses $2,790

Program Expenses $3,432,552

Other Expenses $2,422,401

TOTAL EXPENSES $4,851,156

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,160,566	$6,341,900	-0.2%
Expenses	$4,851,156	$5,410,956	-0.1%
Net Income	$309,410	$930,944	-0.7%

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

$885,947

Total Directors

$477,345

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIKKI HIGHSMITH VERNICK	PRESIDENT & CEO	38.58	Officer Director	$382,874	$94,471	$477,345
BRIAN HEPBURN	TRUSTEE	0.26	Director	$0	$0	$0
CATHERINE HAMEL	TRUSTEE	0.31	Director	$0	$0	$0
CELIAN VALERO-COLON	TRUSTEE	0.23	Director	$0	$0	$0
CHRISTOPHER FORTUNE	VICE CHAIR	0.43	Officer Director	$0	$0	$0
DAVID WOLF	TRUSTEE	0.55	Director	$0	$0	$0
GOPI SURI	SECRETARY	0.35	Officer Director	$0	$0	$0
JONATHAN AHN	TRUSTEE	0.20	Director	$0	$0	$0
JULIET N GILLIAM	TRUSTEE	0.22	Director	$0	$0	$0
LANLAN XU	TRUSTEE	0.20	Director	$0	$0	$0
LISA PEARSON	CHAIR	0.41	Officer Director	$0	$0	$0
MARK CISSELL	TREASURER	0.29	Officer Director	$0	$0	$0
SEKOU MURPHY	TRUSTEE	0.22	Director	$0	$0	$0
SHARON HOOVER	TRUSTEE	0.17	Director	$0	$0	$0
STACIE HUNT	TRUSTEE	0.25	Director	$0	$0	$0
TRACY MILLER	TRUSTEE	0.14	Director	$0	$0	$0
YVETTE ROOKS	TRUSTEE	0.19	Director	$0	$0	$0
YVONNE COMMODORE-MENSAH	TRUSTEE	0.20	Director	$0	$0	$0
GLENN SCHNEIDER	CHIEF PROGRAM OFFICER	40.00	Officer	$181,141	$51,907	$233,048
ANNE BRINKER	CHIEF OPERATING OFFICER	40.00	Officer	$153,847	$21,707	$175,554
CAT HARMON	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$121,059	$17,288	$138,347
D'PAUL NIBBER	SENIOR OFFICER, POLICY AND COMMUNITY ENGAGEMENT	40.00	Highest	$100,496	$29,952	$130,448

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	No data	No data	No data	No data
2023	$5,160,566	$4,851,156	$93,191,948	$309,410
2022	$6,341,900	$5,410,956	$88,105,636	$930,944
2021	$8,300,918	$6,804,757	$103,137,379	$1,496,161
2020	$2,906,262	$6,535,227	$95,051,877	$-3,628,965
2019	$5,871,234	$5,467,974	$91,697,108	$403,260
2018	$7,088,044	$5,311,699	$84,141,316	$1,776,345

THE HORIZON FOUNDATION OF HOWARD COUNTY INC