HORIZONS RESIDENTIAL CARE CENTER I… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

RICHARD ANDERSON

Phone

3367672411

Tax Period

2024-07-01 to 2025-06-30

HORIZONS RESIDENTIAL CARE CENTER INC, founded in 1973, is a mid-sized nonprofit in the Human Services sector that reported $11.7M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 24% operating margin.

Mission

HORIZONS RESIDENTIAL CARE CENTER IS A PRIVATE ORGANIZATION WHICH PROVIDES, WITH UTMOST DIGNITY AND RESPECT, COMPASSIONATE CARE AND QUALITY SERVICES APPROPRIATE TO THE NEEDS OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $7,359,697 Revenue: $10,073,657

SERVICES ARE PROVIDED TO CHILDREN AND ADULTS DIAGNOSED WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES WHO NEED SPECIALIZED RESIDENTIAL TREATMENT AND YEAR-ROUND CARE. HORIZONS IS LICENSED TO OPERATE A 40 BED FACILITY FOR CHILDREN AND FOR ADULTS AND A 6 BED FACILITY FOR WEEKEND RESPITE CARE. APPROXIMATELY 14,500 PATIENT DAYS AND 700 WEEKEND RESPITE PATIENT DAYS WERE PROVIDED. OUR SUMMER RESPITE PROGRAM EXTENDED OUR CARE HOURS TO WEEKDAYS, AND WE SERVED 11 CLIENTS ON A WEEKLY BASIS.

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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 $1,291,705

Program Service Revenue $10,073,657

Investment Income $374,946

Other Revenue $220

TOTAL REVENUE $11,740,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,224,017

Fundraising Expenses $41,350

Program Expenses $7,359,697

Other Expenses $2,657,144

TOTAL EXPENSES $8,881,161

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,740,528	$8,941,454	+0.3%
Expenses	$8,881,161	$8,904,208	0.0%
Net Income	$2,859,367	$37,246	+75.8%

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

222

Volunteers

N/A

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

$112,513

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRITTANY ALBERT	DIRECTOR	1.00	Director	$0	$0	$0
GREG MOHLER	DIRECTOR	1.00	Director	$0	$0	$0
JIM DEBAUCHE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JIM MABRY	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN YARBROUGH	TREASURER	1.00	Officer Director	$0	$0	$0
GREG ROBINS	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY BETH PALYSZESKI	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BETH BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ANDERSON	PRESIDENT & CEO	40.00	Officer	$112,513	$0	$112,513

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	$11,740,528	$8,881,161	$15,313,019	$2,859,367
2024	$8,941,454	$8,904,208	$10,156,855	$37,246
2023	$8,931,066	$7,877,991	$9,556,651	$1,053,075
2022	$8,523,055	$8,172,628	$8,329,986	$350,427
2021	$9,570,095	$8,744,841	$9,033,600	$825,254
2020	$6,703,460	$6,597,222	$8,165,276	$106,238
2019	$6,047,910	$6,057,636	$7,411,983	$-9,726

HORIZONS RESIDENTIAL CARE CENTER INC