HORIZONS SPECIALIZED SERVICES

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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

1975

Legal Domicile

Principal Officer

TATUM HEATH

Phone

9708794466

Tax Period

2024-07-01 to 2025-06-30

HORIZONS SPECIALIZED SERVICES, founded in 1975, is a community nonprofit in the Human Services sector that reported $7.3M in total revenue in fiscal year 2024.

Mission

HORIZONS WORKS IN PARTNERSHIP WITH FAMILIES AND COMMUNITIES TO EXPAND OPPORTUNITIES FOR INDIVIDUALS WITH, OR AT RISK OF, DEVELOPMENTAL DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $5,004,365 Revenue: $6,227,750

COMPREHENSIVE SERVICES - INCLUDES RESIDENTIAL SETTINGS, ADULT DAY SERVICES OR SUPPORTS AND TRANSPORTATION ACTIVITIES AS SPECIFIED IN THE INDIVIDUALIZED PLAN. RESIDENTIAL SETTINGS PROVIDE AN ARRAY OF TRAINING, LEARNING, EXPERIENTIAL AND SUPPORT ACTIVITIES. ADULT DAY SERVICES PROVIDE OPPORTUNITIES FOR INDIVIDUALS TO EXPERIENCE AND ACTIVELY PARTICIPATE IN VALUED ROLES IN THE COMMUNITY. TRANSPORTATION ACTIVITIES PROVIDE "HOME TO PROGRAM TRANSPORTATION". SERVED 44 INDIVIDUALS.

Program 2

Expenses: $243,103 Revenue: $265,475

CASE MANAGEMENT - DETERMINES ELIGIBILITY FOR SERVICES AND SUPPORTS, SERVICE AND SUPPORT COORDINATION, AND THE MONITORING OF ALL SERVICES AND SUPPORTS DELIVERED PURSUANT TO THE INDIVIDUALIZED PLAN...

CASE MANAGEMENT - DETERMINES ELIGIBILITY FOR SERVICES AND SUPPORTS, SERVICE AND SUPPORT COORDINATION, AND THE MONITORING OF ALL SERVICES AND SUPPORTS DELIVERED PURSUANT TO THE INDIVIDUALIZED PLAN, AND THE EVALUATION OF THE RESULTS. SERVED 66 INDIVIDUALS.

Program 3

Expenses: $435,566 Revenue: $145,700

ADULT SUPPORTED LIVING SERVICES - PROVIDES INDIVIDUALIZED LIVING SERVICES FOR PERSONS WHO ARE RESPONSIBLE FOR THEIR OWN LIVING ARRANGEMENTS IN THE COMMUNITY. SERVED 25 INDIVIDUALS.

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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 $223,864

Program Service Revenue $6,988,847

Investment Income $109,767

Other Revenue $-34,035

TOTAL REVENUE $7,288,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,932,048

Fundraising Expenses $0

Program Expenses $6,061,771

Other Expenses $2,213,205

TOTAL EXPENSES $7,145,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,288,443	$7,365,641	0.0%
Expenses	$7,145,253	$7,234,194	0.0%
Net Income	$143,190	$131,447	+0.1%

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

$335,507

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TATUM HEATH	EXECUTIVE DI	40.00	Officer	$179,423	$10,693	$190,116
ERIK PETERSEN	CFO	40.00	Officer	$134,876	$10,515	$145,391
KATHY JOHNSON	HOUSE COORDI	83.00	Highest	$133,391	$10,049	$143,440
MADELINE LANDGREN	ADULT SERVIC	40.00	Highest	$112,061	$133	$112,194
CATHY BARNHART	NURSE COORDI	40.00	Highest	$101,244	$10,693	$111,937
LESLIE BJORGUM	MEMBER	1.00	Director	$0	$0	$0
BETH DAVISON	SECRETARY	1.00	Officer Director	$0	$0	$0
ANNETTE DELLACROCE	MEMBER	1.00	Director	$0	$0	$0
JEFF DOCKSTADER	MEMBER	1.00	Director	$0	$0	$0
TERRY JOST	PRESIDENT	1.00	Officer Director	$0	$0	$0
DENNIS L KUNTZ	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JULIE PEARCE	TREASURER	1.00	Officer Director	$0	$0	$0
RON SCHAEFFER	MEMBER	1.00	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	$7,288,443	$7,145,253	$7,323,184	$143,190
2024	$7,365,641	$7,234,194	$7,056,951	$131,447
2023	$6,542,283	$6,513,923	$6,723,449	$28,360
2022	$6,235,041	$6,088,029	$6,288,892	$147,012
2021	$7,186,124	$6,145,153	$6,149,828	$1,040,971
2020	$6,367,375	$6,241,903	$6,110,566	$125,472
2019	$6,042,269	$6,033,241	$4,797,365	$9,028
2018	$5,843,538	$5,818,799	$5,459,048	$24,739