HORIZON THEATRE COMPANY INC (EIN 581576913) - Form 990 Financial Analysis & Trantor Score

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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

1984

Legal Domicile

Principal Officer

LISA ADLER

Phone

4045231477

Tax Period

2022-07-01 to 2023-06-30

HORIZON THEATRE COMPANY INC, founded in 1984, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

HORIZON'S MISSION IS TO CONNECT PEOPLE, INSPIRE HOPE AND PROMOTE POSITIVE CHANGE THROUGH THE STORIES OF OUR TIMES. WE PRODUCE PROFESSIONAL CONTEMPORARY THEATRE FOR OUR DIVERSE COMMUNITY AND NURTURE THE NEXT GENERATION OF AUDIENCES AND ARTISTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $649,172

Program Service Revenue $522,417

Investment Income $1,114

Other Revenue $16,800

TOTAL REVENUE $1,189,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $815,755

Fundraising Expenses $51,944

Program Expenses $1,123,642

Other Expenses $568,703

TOTAL EXPENSES $1,384,458

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,189,503	$1,415,323	-0.2%
Expenses	$1,384,458	$1,237,594	+0.1%
Net Income	$-194,955	$177,729	-2.1%

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

153

Volunteers

150

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

$163,077

Total Directors

$163,077

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF ADLER	VICE-PRESIDENT	60.00	Officer Director	$52,615	$29,647	$82,262
LISA ADLER	President	60.00	Officer Director	$53,173	$27,642	$80,815
TINA ARBES	Director	0.00	Director	$0	$0	$0
W IMARA CANADY	Director	0.00	Director	$0	$0	$0
BRUCE H GAYNES	Director	0.00	Director	$0	$0	$0
MICHAEL ROBINOWITZ	Director	0.00	Director	$0	$0	$0
LYNNE SEGALL	Director	0.00	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	No data	No data	No data	No data
2023	$1,189,503	$1,384,458	$2,015,678	$-194,955
2022	$1,415,323	$1,237,594	$2,095,232	$177,729
2021	$1,034,701	$794,068	$1,591,500	$240,633
2020	$1,516,642	$1,289,993	$1,378,635	$226,649
2019	$1,470,735	$1,425,504	$936,191	$45,231
2018	$1,534,413	$1,592,516	$911,779	$-58,103

HORIZON THEATRE COMPANY INC