HALIFAX COUNTY BUSINESS HORIZONS 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

1995

Legal Domicile

Principal Officer

SCOTT AMAN

Phone

2525192630

Tax Period

2023-07-01 to 2024-06-30

HALIFAX COUNTY BUSINESS HORIZONS INC, founded in 1995, is a micro nonprofit in the Human Services sector that reported $94K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $156K exceeded revenue, resulting in a 66% operating deficit.

Mission

RECRUIT NEW BUSINESSES TO THE AREA AND CREATE JOBS

Program Service Accomplishments

Program 1

Expenses: $155,737

THE CORPORATION HAS BEEN ESTABLISHED TO CREATE ECONOMIC DEVELOPMENT OPPORTUNITIES AND RAISE THE STANDARD OF LIVING IN HALIFAX 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $80,500

Program Service Revenue $0

Investment Income $13,165

Other Revenue $0

TOTAL REVENUE $93,665

Expense Breakdown

Grants Paid $45,000

Salaries & Benefits $0

Fundraising Expenses $3,539

Program Expenses $155,737

Other Expenses $110,737

TOTAL EXPENSES $155,737

Year-over-Year Comparison

	2023	2022	Change
Revenue	$93,665	$174,419	-0.5%
Expenses	$155,737	$86,091	+0.8%
Net Income	$-62,072	$88,328	-1.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHIP FOUTS	BOARD MEMBER	1.000	Officer Director	$0	$0	$0
BONNIE CAUDLE	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRIS CANADY	BOARD MEMBER	N/A	Director	$0	$0	$0
EMERY DOUGHTIE	BOARD MEMBER	N/A	Director	$0	$0	$0
AUDREY SHEARIN	BOARD MEMBER	N/A	Director	$0	$0	$0
VERNON BRYANT	BOARD MEMBER	N/A	Director	$0	$0	$0
ERIC CUNNINGHAM	BOARD MEMBER	N/A	Director	$0	$0	$0
JAY CARLISLE	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL WRAY	BOARD MEMBER	N/A	Director	$0	$0	$0
SCOTT AMAN	BOARD MEMBER	1.000	Officer Director	$0	$0	$0
KEN BRASWELL	BOARD MEMBER	1.000	Officer Director	$0	$0	$0
RONNIE LOCKE	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN WHITE	BOARD MEMBER	N/A	Director	$0	$0	$0
DANNIE FLANARY	BOARD MEMBER	N/A	Director	$0	$0	$0
EDDIE BRAXTON	BOARD MEMBER	N/A	Director	$0	$0	$0
JASON HARRELL	BOARD MEMBER	1.000	Officer Director	$0	$0	$0
KRIS NEAL	BOARD MEMBER	N/A	Director	$0	$0	$0
BEN WHITE	BOARD MEMBER	N/A	Director	$0	$0	$0
BETTY HARRIS	BOARD MEMBER	N/A	Director	$0	$0	$0
YVONNE THOMPSON	BOARD MEMBER	N/A	Director	$0	$0	$0
KELLY TRAYNHAM	BOARD MEMBER	N/A	Director	$0	$0	$0
DIA DENTON	BOARD MEMBER	N/A	Director	$0	$0	$0
JULIA ALLSBROOK	BOARD MEMBER	N/A	Director	$0	$0	$0
MARSHALL CHERRY	BOARD MEMBER	N/A	Director	$0	$0	$0
JULIANA THOMPSON	BOARD MEMBER	N/A	Director	$0	$0	$0
HUGH CREDLE	BOARD MEMBER	N/A	Director	$0	$0	$0
LORI MEDLIN	BOARD MEMBER	N/A	Director	$0	$0	$0
WES BERRY	BOARD MEMEBER	N/A	Director	$0	$0	$0
NATHANIEL CRAWFORD	BOARD MEMBER	N/A	Director	$0	$0	$0
ELLEN HEATON	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES KERR II	BOARD MEMEBER	N/A	Director	$0	$0	$0
MONDALE ROBINSON	BOARD MEMBER	N/A	Director	$0	$0	$0
TONY BROWN	BOARD MEMBER	N/A	Director	$0	$0	$0
PATRENA ELLIOTT	BOARD MEMBER	N/A	Director	$0	$0	$0
CATHY SCOTT	BOARD MEMBER	N/A	Director	$0	$0	$0
TUCKER LEMLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
ROBBIE HARVELL	BOARD MEMBER	N/A	Director	$0	$0	$0
THOMAS WRENN	BOARD MEMBER	N/A	Director	$0	$0	$0
GINNY LEWIS	BOARD MEMBER	N/A	Director	$0	$0	$0
HEIDI HOGAN	BOARD MEMBER	N/A	Director	$0	$0	$0
MUZETTE KIGER	BOARD MEMBER	N/A	Director	$0	$0	$0
WENDY CARPENTER	BOARD MEMBER	N/A	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$93,665	$155,737	$431,284	$-62,072
2023	$174,419	$86,091	$493,357	$88,328
2022	$695,906	$612,755	$405,029	$83,151
2021	$55,498	$46,814	$321,878	$8,684
2020	$15,278	$68,417	$313,194	$-53,139

HALIFAX COUNTY BUSINESS HORIZONS INC