Horizon Foundation Inc

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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

1998

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Horizon Foundation Inc, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $599K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $699K exceeded revenue, resulting in a 17% operating deficit.

Mission

See Exempt Purpose.PDF

Program Service Accomplishments

Program 1

Expenses: $441,694

With the mission of marketing Lee County, business development line items include expenses such as the quarterly business survey Enterprise Florida Sponsorship (EFI). Business expenses include...

With the mission of marketing Lee County, business development line items include expenses such as the quarterly business survey Enterprise Florida Sponsorship (EFI). Business expenses include prospect visits, fundraising, promotional items and website management tools. EFI is a public-private partnership between Florida business and government leaders and its principal goal to expand the regions economy through job creation and by promoting Lee County as a destination business location.

Program 2

Expenses: $134,218

The Foundation supports and participates in the activities of the Horizon Council and the Lee County Economic Development Office to retain and promote Southwest Florida as a business destination...

The Foundation supports and participates in the activities of the Horizon Council and the Lee County Economic Development Office to retain and promote Southwest Florida as a business destination through sophisticated marketing efforts to strategically attract and retain companies that do or will do business in and with Lee 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 $578,928

Program Service Revenue $0

Investment Income $1,477

Other Revenue $18,108

TOTAL REVENUE $598,513

Expense Breakdown

Grants Paid $134,218

Salaries & Benefits $126,832

Fundraising Expenses $75,748

Program Expenses $575,912

Other Expenses $437,660

TOTAL EXPENSES $698,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$598,513	$543,275	+0.1%
Expenses	$698,710	$457,002	+0.5%
Net Income	$-100,197	$86,273	-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

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

$94,375

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Johnson	CEO	40.00	Officer	$94,375	$0	$94,375
Gail Markham	Director	0.25	Director	$0	$0	$0
John Talmag	Director	0.25	Director	$0	$0	$0
Diana Giraldo	Director	0.25	Director	$0	$0	$0
Matthew Price	Director	0.25	Director	$0	$0	$0
Chris Spiro	Immediate Past President	0.25	Director	$0	$0	$0
Ryan Carter	Vice PresidentDirector	0.25	Officer Director	$0	$0	$0
Holly Smith	PresidentDirector	0.50	Officer Director	$0	$0	$0
Fred Edman	SecretaryDirector	0.25	Officer Director	$0	$0	$0
Sandra Stilwill	TreasurerDirector	0.50	Officer 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
2024	No data	No data	No data	No data
2023	$598,513	$698,710	$809,644	$-100,197
2022	$543,275	$457,002	$923,962	$86,273
2021	$501,104	$405,396	$812,756	$95,708
2020	$418,516	$252,851	$716,951	$165,665
2019	$292,733	$127,109	$529,510	$165,624
2018	$324,532	$462,851	$378,663	$-138,319