NORFOLK, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HORIZONS HAMPTON ROADS INC, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $242K, a strong 21% operating margin.
OUR MISSION: WE ADVANCE EDUCATIONAL EQUITY BY BUILDING LONG-TERM PARTNERSHIPS WITH STUDENTS, FAMILIES, COMMUNITIES, AND SCHOOLS TO CREATE EXPERIENCES OUTSIDE OF SCHOOL THAT INSPIRE THE JOY OF LEARNING.
IN 2024,HORIZONS HAMPTON ROADS (HHR) CELEBRATED ITS 25TH ANNIVERSARY SINCE THEN, WE HAVE MADE A LONG-TERM COMMITMENT TO THOUSANDS OF K-12 STUDENTS FROM UNDER-RESOURCED COMMUNITIES, OFFERING IMPACTFUL...
IN 2024,HORIZONS HAMPTON ROADS (HHR) CELEBRATED ITS 25TH ANNIVERSARY SINCE THEN, WE HAVE MADE A LONG-TERM COMMITMENT TO THOUSANDS OF K-12 STUDENTS FROM UNDER-RESOURCED COMMUNITIES, OFFERING IMPACTFUL ACADEMIC AND ENRICHMENT PROGRAMS THAT ENCOURAGE THEM TO REALIZE THEIR FULL POTENTIAL. HHR IS AN AFFILIATE OF HORIZONS NATIONAL WHICH NOW SERVES STUDENTS AT 71 SITES IN 19 STATES. IT REMAINS FREE FOR THOSE WHO QUALIFY THANKS TO THE GENEROUS SUPPORT OF OUR PARTNERS. RECENT ACCOMPLISHMENTS INCLUDE 392 STUDENTS IN 2024 AND ADDING A MAJOR PROGRAM PILLAR OF ENVIRONMENTAL STEWARDSHIP TO OUR STEM AND SERVICE LEADERSHIP ELEMENTS OF THE PROGRAM. AT ONE TIME DURING OPEN ENROLLMENT, WE HAD MORE THAN 100 STUDENTS ON A WAITING LIST THAT WE WERE UNABLE TO ACCOMMODATE. THE DEMAND FOR OUR SUMMER PROGRAM IS HIGH AND WE ARE SEEKING FUNDING TO OPEN AN ADDITIONAL SITE IN ORDER TO SERVE MORE CHILDREN. SURVEYS OF PARENTS THIS FALL SHOW VERY HIGH MARKS ON PARENT SATISFACTION AND MORE THEN 98% PLAN FOR THEIR STUDENTS TO RETURN THIS SUMMER. FROM 2022 TO PRESENT: THE HORIZONS HIGH SCHOOL YEAR-ROUND PROGRAM IS SERVING 65-80 STUDENTS ANNUALLY WITH ACADEMIC AND SOCIAL-EMOTIONAL SUPPORT, COLLEGE TOURS, SCHOLARSHIP APPLICATIONS, LEADERSHIP TRAINING AND MORE. IN 2024, OUR HIGH SCHOOL SUMMER INTERNSHIP PROGRAM "LAUNCHPAD" WAS PILOTED AND HUGELY SUCCESSFUL WE SERVED 31 STUDENTS - BUILDING CAREER READINESS SKILLS WITH WORKSHOPS, JOB SHADOWING, COLLEGE TOURS, AND SERVICE LEADERSHIP. OUR 2024 STUDENT RETENTION RATE WAS OVER 80%. IN 2022, THE HORIZONS HIGH SCHOOL SCHOLARSHIP WORTH 5,000 WAS INITIATED THROUGH ACCESS COLLEGE FOUNDATION, AND IN 2024 WAS PRESENTED TO OUR 2ND RECIPIENT. IN 2023, FOR THE 2ND TIME, HORIZONS WAS AWARDED A COASTAL VIRGINIA NON-PROFIT "GIVING BACK" AWARD OF EXCELLENCE. BETWEEN 2022-2024 WE WERE AWARDED FIRST-TIME GRANTS FROM 15 FOUNDATIONS, MANY WITH MULTI-YEAR COMMITMENTS. GRANT INCOME INCREASED MORE THAN 300% BETWEEN 2020 AND 2024.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,173,292 | $842,141 | +0.4% |
| Expenses | $931,513 | $961,716 | 0.0% |
| Net Income | $241,779 | $-119,575 | -3.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| VELVET L SMITH | EXECUTIVE DI | 40.00 |
Officer
|
$78,000 | $9,677 | $87,677 |
| NIRALI TROVATO | CHAIR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| AMANDA MARANO | CHAIR ELECT | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| NEIL AMARI | TREASURER | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| CHARLETTE HARDY | SECRETARY | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| JAY STOTLAR | IMMEDIATE PA | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| AARON EVANS | PLANNING CHA | 0.50 |
Director
|
$0 | $0 | $0 |
| JOHN GRAY | GOVERNANCE C | 0.50 |
Director
|
$0 | $0 | $0 |
| CURTIS JOHNSON | DEVELOPMENT | 0.50 |
Director
|
$0 | $0 | $0 |
| ALEXANDRA OTT | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| SIMONE PARHAM | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| RACHEL RICCIUTTI | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,173,292 | $931,513 | $1,255,215 | $241,779 |
| 2024 | $842,141 | $961,716 | $1,032,876 | $-119,575 |
| 2023 | $746,466 | $1,062,688 | $1,135,250 | $-316,222 |
| 2022 | $615,774 | $891,533 | $1,203,578 | $-275,759 |
| 2021 | $813,390 | $666,117 | $1,531,678 | $147,273 |
| 2020 | $458,620 | $579,936 | $1,181,629 | $-121,316 |
| 2019 | $888,423 | $826,398 | $1,199,507 | $62,025 |
| 2018 | $679,259 | $806,012 | $1,119,731 | $-126,753 |
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