HORIZONS FOUNDATION (EIN 631104512) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

REGIONS BANK

Phone

2058203141

Tax Period

2022-07-01 to 2023-06-30

HORIZONS FOUNDATION, founded in 2000, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $70K in total revenue in fiscal year 2020. Expenses of $83K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE FINANCIAL SUPPORT TO HORIZONS SCHOOL, INC., A POST -SECONDARY SCHOOL FOR YOUNG ADULTS WITH DEVELOPMENTAL AND LEARNING DISABILITIES, TO BE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS WHO DEMONSTRATE A NEED FOR FINANCIAL ASSISTANCE TO PAY THE COSTS TO ATTEND HORIZONS SCHOOL.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,500

Investment Income $18,464

Other Revenue $0

TOTAL REVENUE $19,964

Expense Breakdown

Grants Paid $65,000

Salaries & Benefits $5,384

Fundraising Expenses $0

Program Expenses $65,000

Other Expenses $12,845

TOTAL EXPENSES $83,229

Year-over-Year Comparison

	2022	2021	Change
Revenue	$19,964	$148,850	-0.9%
Expenses	$83,229	$94,954	-0.1%
Net Income	$-63,265	$53,896	-2.2%

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

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
JANE S WEBB	PRESIDENT/DIRECTOR	N/A	Officer Director	$0	$0	$0
NICK GAEDE	TREASURER/DIRECTOR	N/A	Officer Director	$0	$0	$0
WILLIAM A KRAMER	DIRECTOR	N/A	Director	$0	$0	$0
DON LUTOMSKI	DIRECTOR	N/A	Director	$0	$0	$0
K WOOD HERREN	SECRETARY	N/A	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	No data	No data	No data	No data
2023	$19,964	$83,229	$1,044,481	$-63,265
2022	$148,850	$94,954	$1,108,404	$53,896
2021	$69,960	$83,408	$1,055,455	$-13,448

HORIZONS FOUNDATION