THE HORIZON FOUNDATION OF HOWARD COUNTY INC

EIN: 522119011 501(c)(3) Health Care

COLUMBIA, MD

Total Revenue
$5,160,566
Total Expenses
$4,851,156
Total Assets
$93,191,948
Net Assets
$90,828,372
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MD
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

THE HORIZON FOUNDATION'S 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.

Program Service Accomplishments

Program 1
Expenses: $803,508 Revenue: $149,529

GRANT MAKING-SINCE 1998, HORIZON FOUNDATION HAS INVESTED $78 MILLION IN PUBLIC HEALTH, FUNDING OVER 400 COMMUNITY ORGANIZATIONS AND WORKING WITH PARTNERS ON ISSUES SUCH AS MENTAL HEALTH, CHRONIC...

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GRANT MAKING-SINCE 1998, HORIZON FOUNDATION HAS INVESTED $78 MILLION IN PUBLIC HEALTH, FUNDING OVER 400 COMMUNITY ORGANIZATIONS AND WORKING WITH PARTNERS ON ISSUES SUCH AS MENTAL HEALTH, CHRONIC DISEASE PREVENTION, HEALTH CARE ACCESS, HEALTHY AGING AND MORE. THIS 2023 YEAR WAS THE LAST YEAR OF THE STRATEGIC PLAN AND MUCH OF THE GRANTMAKING WAS THROUGH LARGE MULTI-YEAR GRANTS THAT WERE BOOKED IN PREVIOUS YEARS. AS OF 2024, THE FOUNDATION IS PROVIDING GRANTS IN ALIGNMENT WITH ITS THREE NEW STRATEGIC PRIORITY AREAS: DEMAND AN EQUITABLE HEALTH CARE SYSTEM, INCREASE AFFORDABILITY AND BUILD WEALTH THROUGH COMMUNITY BUILDING. THOUGH OUR STRATEGIC PRIORITY AREAS AND TACTICS HAVE EVOLVED OVER THE YEARS, OUR FOCUS HAS ALWAYS BEEN TO IMPROVE PUBLIC HEALTH IN OUR COMMUNITY, ESPECIALLY FOR THOSE WHO FACE THE MOST SIGNIFICANT BARRIERS TO ACHIEVING GOOD HEALTH. THE HORIZON FOUNDATION IS COMMITTED TO IMPROVING HEALTH THROUGH INNOVATIVE INITIATIVES, COLLABORATIVE PARTNERSHIPS, STRATEGIC GRANTMAKING AND THOUGHTFUL ADVOCACY. THE FOUNDATION IS ALSO COMMITTED TO PRACTICING TRUST-CENTERED PHILANTHROPY A HOLISTIC APPROACH TO GRANTMAKING THAT IS ROOTED IN SHARED VALUES AND TRUE PARTNERSHIP WITH GRANTEES, WHERE GRANTEES NOT ONLY PROVIDE INPUT BUT CO-CREATE PROGRAMS AND POLICY SOLUTIONS THAT ACHIEVE OUR JOINT VISION OF SOCIAL CHANGE. WE FUND COMMUNITY NONPROFITS WHO CAN IMPROVE HEALTH OUTCOMES. IN ADDITION, WE STRENGTHEN THE CAPACITY OF COMMUNITY ORGANIZATIONS TO DISMANTLE LONGSTANDING BARRIERS TO GOOD HEALTH AND IMPROVE THEIR ABILITY TO ADVANCE MOVEMENTS FOR SOCIAL CHANGE.

Program 2
Expenses: $2,629,044

COMMUNITY BUILDING-HORIZON FOUNDATION CARES PASSIONATELY ABOUT OUR HOWARD COUNTY COMMUNITY AND WE CANNOT DO OUR WORK ALONE. WE RECOGNIZE TRUE SYSTEMIC CHANGE TAKES TIME, AND WE WORK WITH PARTNERS TO...

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COMMUNITY BUILDING-HORIZON FOUNDATION CARES PASSIONATELY ABOUT OUR HOWARD COUNTY COMMUNITY AND WE CANNOT DO OUR WORK ALONE. WE RECOGNIZE TRUE SYSTEMIC CHANGE TAKES TIME, AND WE WORK WITH PARTNERS TO BUILD THE BASE, CREATE POLICY WINS AND CATALYZE SUSTAINED MOVEMENTS. TO ACCOMPLISH THIS, WE COLLABORATE WITH AND SUPPORT OUR COMMUNITY PARTNERS AND GRANTEES IN DOING THIS WORK THROUGH TECHNICAL ASSISTANCE THAT THEY DEEM IMPORTANT. WE STRIVE TO BRING INNOVATIVE SOLUTIONS FROM AROUND THE REGION, COUNTRY AND WORLD TO IMPROVE HEALTH AND WELLNESS LOCALLY. FROM STRENGTHENING EFFECTIVE POLICIES TO EXPANDING CRITICAL SERVICES AND EDUCATING THE COMMUNITY THROUGH THE ANNUAL MEETING, HORIZON FOUNDATION'S MISSION IS TO WORK SIDE-BY-SIDE WITH COMMUNITY TO ACHIEVE BETTER HEALTH FOR EVERYONE IN HOWARD COUNTY.

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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 (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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Governance

Voting Members
18
Independent Members
17
Employees
11
Volunteers
17

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
7
$885,947
Total Directors
18
$477,345
Key Employees
0
$0
Highest Compensated
2
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
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