HALCYON HORIZONS INCORPORATED

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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

1990

Legal Domicile

Principal Officer

JERRY NEMIER

Phone

8314531070

Tax Period

2020-01-01 to 2020-12-31

HALCYON HORIZONS INCORPORATED, founded in 1990, is a micro nonprofit that reported $13 in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $49K exceeded revenue, resulting in a 378623% operating deficit.

Mission

THE ORGANIZATION IS DEDICATED TO TRANSFORMING THE DESPAIR OF ADDICTION INTO A PURPOSEFUL LIFE OF CONFIDENCE, SELF-RESPECT AND HAPPINESS - POSITIVELY AFFECTING FAMILIES, COMMUNITIES AND SOCIETY THROUGH REHABILITATION.

Program Service Accomplishments

Program 1

THE ORGANIZATION DIVESTED ITS DRUG REHABILITATION ASSETS IN 2017. IN 2020 THE ORGANIZATION WAS IN THE PROCESS OF WINDING UP AND DISSOLVING.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $13

Other Revenue $0

TOTAL REVENUE $13

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $49,234

TOTAL EXPENSES $49,234

Year-over-Year Comparison

	2020	2019	Change
Revenue	$13	$102,301	-1.0%
Expenses	$49,234	$2,523,988	-1.0%
Net Income	$-49,221	$-2,421,687	-1.0%

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

$26,000

Total Directors

$7,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLY GUERNACCINI	SECRETARY/CO	5.00	Officer	$21,000	$0	$21,000
CONNIE FILIPPOU	CFO/DIRECTOR	2.00	Officer Director	$2,500	$0	$2,500
LORA FRENCH	DIRECTOR	2.00	Director	$2,500	$0	$2,500
JERRY NEMIER	CEO/DIRECTOR	2.00	Officer Director	$2,500	$0	$2,500

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
2020	$13	$49,234	$60,452	$-49,221
2019	$102,301	$2,523,988	$110,668	$-2,421,687
2018	$162,120	$1,004,807	$2,650,426	$-842,687