Horizon Community Funds of Northern Kentucky (EIN 821388190) - 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

2017

Legal Domicile

Principal Officer

Nancy Grayson

Phone

8597571552

Tax Period

2024-01-01 to 2024-12-31

Horizon Community Funds of Northern Kentucky, founded in 2017, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $13.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $12.8M left a modest 7% surplus.

Mission

To unite resources to raise the quality of life for all people in Northern Kentucky.

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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 $11,327,879

Program Service Revenue $125,233

Investment Income $2,270,132

Other Revenue $-5,837

TOTAL REVENUE $13,717,407

Expense Breakdown

Grants Paid $11,793,244

Salaries & Benefits $506,568

Fundraising Expenses $219,832

Program Expenses $12,304,311

Other Expenses $518,388

TOTAL EXPENSES $12,818,200

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,717,407	$12,619,894	+0.1%
Expenses	$12,818,200	$8,687,725	+0.5%
Net Income	$899,207	$3,932,169	-0.8%

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

$350,046

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Valerie Newell	Member	0.50	Director	$0	$0	$0
Bob Sathe	Member	0.50	Director	$0	$0	$0
Kris Knochelmann	Member	0.50	Director	$0	$0	$0
Paul Verst	Member	0.50	Director	$0	$0	$0
Kit Andrews	Member	0.50	Director	$0	$0	$0
Barbara Drees Jones	Member	0.50	Director	$0	$0	$0
Rich Boehne	Member	0.50	Director	$0	$0	$0
Mike Schlotman	Member	0.50	Director	$0	$0	$0
Paul Sartori	Member	0.50	Director	$0	$0	$0
Garren Colvin	Member	0.50	Director	$0	$0	$0
Jim Votruba	Grant Making Comm. Chair	0.50	Officer Director	$0	$0	$0
Mary Zalla	Chair	1.00	Officer Director	$0	$0	$0
Bob Zapp	Member	0.50	Director	$0	$0	$0
Roger Peterman	Member	0.50	Director	$0	$0	$0
Chuck Scheper	Member	0.50	Director	$0	$0	$0
Bob Kohlhepp	Investment Comm. Chair	0.50	Officer Director	$0	$0	$0
Bill Butler	Member	0.50	Director	$0	$0	$0
Crystal Faulkner	Treasurer, Finance & Audit	0.50	Officer Director	$0	$0	$0
Donna Salyers	Member	0.50	Director	$0	$0	$0
Lewis Diaz	Member	0.50	Director	$0	$0	$0
Jim Uebel	Member - Started 01/24	0.50	Director	$0	$0	$0
Mickey Fritz	Member - Started 01/24	0.50	Director	$0	$0	$0
Lauren Huizenga	Member - Started 01/24	0.50	Director	$0	$0	$0
Nancy Grayson	President/CEO	40.00	Officer	$194,512	$23,551	$218,063
Aaron Slovin	Director of Accounting and Administration	40.00	Officer	$128,139	$3,844	$131,983
Mary Kate Vanderglas	Director of Marketing and Engagement	40.00	Highest	$100,517	$2,865	$103,382

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	$13,717,407	$12,818,200	$51,201,683	$899,207
2023	$12,619,894	$8,687,725	$47,415,338	$3,932,169
2022	$6,110,848	$4,986,680	$39,932,880	$1,124,168
2021	$17,337,978	$5,213,816	$42,720,843	$12,124,162
2020	$7,038,903	$4,740,130	$27,977,676	$2,298,773
2019	$4,835,567	$6,314,209	$23,323,147	$-1,478,642
2018	$12,951,368	$2,714,681	$19,555,782	$10,236,687

Horizon Community Funds of Northern Kentucky