HORIZON HEALTH FOUNDATION

EIN: 812678046 501(c)(3)

HOWARD, SD

Total Revenue
$266,428
Total Expenses
$2,671,568
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
SD
Principal Officer
WADE ERICKSON
Phone
6057724553
Tax Period
2025-01-01 to 2025-07-10

HORIZON HEALTH FOUNDATION, founded in 2016, is a small nonprofit that reported $677K in total revenue in fiscal year 2018. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $363K, a strong 54% operating margin.

Mission

THE MISSION OF THE HORIZON HEALTH FOUNDATION IS TO INSPIRE AND EMPOWER OUR PATIENTS BY PROVIDING ACCESSIBLE AND AFFORDABLE HEALTH CARE NOW AND INTO THE FUTURE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $265,586
Program Service Revenue $0
Investment Income $842
Other Revenue $0
TOTAL REVENUE $266,428

Expense Breakdown

Grants Paid $2,497,677
Salaries & Benefits $129,277
Fundraising Expenses $173,891
Program Expenses $2,497,677
Other Expenses $44,614
TOTAL EXPENSES $2,671,568

Year-over-Year Comparison

2024 2023 Change
Revenue $266,428 $705,262 -0.6%
Expenses $2,671,568 $780,611 +2.4%
Net Income $-2,405,140 $-75,349 +30.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
12
$2,788
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SPENCER BLOCH SEC/TREAS 0.10
Officer Director
$0 $0 $0
THOMAS GLANZER VICE CHAIR 0.10
Officer Director
$0 $0 $0
TODD JORDRE CHAIR 0.10
Officer Director
$0 $0 $0
DOUG EIDAHL MEMBER 0.10
Director
$0 $0 $0
DENNIS NELSON MEMBER 0.10
Director
$0 $0 $0
LORINDA HOLLAND MEMBER 0.10
Director
$0 $147 $2,788
DAVID CLOSE MEMBER 0.10
Director
$0 $0 $0
CHERYL HAVERMANN MEMBER 0.10
Director
$0 $0 $0
GLEN MARSHALL MEMBER 0.10
Director
$0 $0 $0
SADIE HANSEN MEMBER 0.10
Director
$0 $0 $0
MERRETTA ANDERSON MEMBER 0.10
Director
$0 $0 $0
JEFF BURG MEMBER 0.10
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
2025 $266,428 $2,671,568 No data $-2,405,140
2024 $1,861,292 $781,080 $2,373,613 $1,080,212
2023 $705,262 $780,611 $1,235,668 $-75,349
2022 $724,916 $582,924 $1,135,157 $141,992
2021 $987,415 $569,331 $1,055,900 $418,084
2020 $824,904 $512,405 $622,483 $312,499
2019 $641,572 $786,847 $309,157 $-145,275
2018 $677,228 $314,705 $457,880 $362,523
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