HORIZONS RESIDENTIAL CARE CENTER INC

EIN: 561052180 501(c)(3) Human Services

RURAL HALL, NC

Total Revenue
$11,740,528
Total Expenses
$8,881,161
Total Assets
$15,313,019
Net Assets
$12,781,700
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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
NC
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 PROVIDES EXTRAORDINARY OPPORTUNITIES FOR PEOPLE LIVING WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

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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 (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

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Governance

Voting Members
13
Independent Members
13
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
5
$112,513
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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