HORIZON COMMUNITIES CORP (EIN 593637543) - 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

1999

Legal Domicile

Principal Officer

NATHAN SCHAIDT

Phone

3866898240

Tax Period

2024-01-01 to 2024-12-31

HORIZON COMMUNITIES CORP, founded in 1999, is a community nonprofit in the Crime & Legal sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $961K left a modest 11% surplus.

Mission

HORIZON COMMUNICATION CORP - PREPARES THOSE THAT ARE INCARCERATED TO LIVE REPONSIBILITY WITH OTHERS ON A PATH TO TRANSITION BACK INTO SOCIETY. WE UTILIZE SKILLS TRAINING(LIFE MAPPING, FINANCIAL LITRACY, CREDIT AND DEBIT MANAGEMENT, CREATIVE WRITING,DEVELOPING BUSINESS CONCEPTS,SMALL BUSINESS CONCEPTS, EMPLOYABILITY AND BOOKKEEPING, QUEST, COMPUTER LITERACY, GED PREPARATION AND OTHER EDUCTIONAL RESOURCES, TO CREATE A PERSONAL ENVIRONMENT.

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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 $18,797

Program Service Revenue $1,060,957

Investment Income $10

Other Revenue $0

TOTAL REVENUE $1,079,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $541,085

Fundraising Expenses $0

Program Expenses $244,710

Other Expenses $420,185

TOTAL EXPENSES $961,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,079,764	$1,278,023	-0.2%
Expenses	$961,270	$1,122,748	-0.1%
Net Income	$118,494	$155,275	-0.2%

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

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

$108,896

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN SCHAIDT	CEO	2.00	Officer	$108,896	$0	$108,896
DR STEVE HAMMON	BOARD MEMBER	2.00	Director	$0	$0	$0
RANJINI THAVER	BOARD MEMBER	2.00	Director	$0	$0	$0
WARREN BALLARD	TREASURER	2.00	Officer	$0	$0	$0
JOSH BELL	BOARD CHAIR	9.00	Officer	$0	$0	$0
ELLA-MAE DANIEL	SECRETARY	2.00	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
2024	$1,079,764	$961,270	$724,662	$118,494
2023	$1,278,023	$1,122,748	$608,651	$155,275
2022	$820,995	$412,825	$437,410	$408,170
2021	$240,018	$258,471	$26,456	$-18,453
2020	$202,005	$194,711	$44,909	$7,294

HORIZON COMMUNITIES CORP