HORIZONS OF OKALOOSA COUNTY INC (EIN 593109969) - 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

1992

Legal Domicile

Principal Officer

HEATHER BLANSIT

Phone

8508631530

Tax Period

2024-07-01 to 2025-06-30

HORIZONS OF OKALOOSA COUNTY INC, founded in 1992, is a community nonprofit in the Human Services sector that reported $6.8M in total revenue in fiscal year 2024.

Mission

TO CREATE A PATH FROM DISABILITY TO CAPABILITY BY PROVIDING EXCEPTIONAL SERVICES SO PEOPLE OF ALL AGES CAN WORK, PLAN, LEARN, ACHIEVE PERSONAL GOALS, AND LIVE MEANINGFUL LIVES.

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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 $149,646

Program Service Revenue $6,679,265

Investment Income $0

Other Revenue $9,339

TOTAL REVENUE $6,838,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,349,820

Fundraising Expenses $97,105

Program Expenses $5,733,748

Other Expenses $1,460,598

TOTAL EXPENSES $6,810,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,838,250	$6,951,916	0.0%
Expenses	$6,810,418	$7,358,849	-0.1%
Net Income	$27,832	$-406,933	-1.1%

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

189

Volunteers

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

$60,805

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY MCMORROW	PRESIDENT	0.50	Officer Director	$0	$0	$0
JOHN HOFSTAD	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JULIA B HOLMES	SECRETARY	0.50	Officer Director	$0	$0	$0
TONY MALLINI	TREASURER	0.50	Officer Director	$0	$0	$0
JOSHUA ALLEN	DIRECTOR	0.50	Director	$0	$0	$0
JOHN HOLGUIN	DIRECTOR	0.50	Director	$0	$0	$0
JOHN LYSAGHT	DIRECTOR	0.50	Director	$0	$0	$0
NIKKI OWEN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$60,805	$0	$60,805
HEATHER BLANSIT	CHIEF FINANCIAL OFFICER	40.00	Officer	$0	$0	$0
LEA FARRINGTON	CHIEF EXECUTIVE OFFICER (PREVIOUS)	40.00	Officer	$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	$6,838,250	$6,810,418	$3,254,925	$27,832
2024	No data	No data	No data	No data
2023	$7,036,302	$6,763,173	$2,670,844	$273,129
2022	$5,597,204	$6,164,753	$3,486,473	$-567,549
2021	$6,746,153	$6,574,812	$3,681,410	$171,341
2020	$6,569,722	$7,142,740	$4,559,486	$-573,018
2019	$7,000,425	$7,519,848	$3,934,041	$-519,423
2018	$7,858,569	$7,238,258	$4,402,398	$620,311

HORIZONS OF OKALOOSA COUNTY INC