HORIZONS GREATER BOSTON 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

2019

Legal Domicile

Principal Officer

GITA IYER

Phone

3303408737

Tax Period

2024-01-01 to 2024-12-31

HORIZONS GREATER BOSTON INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $293K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $275K left a modest 6% surplus.

Mission

TO CLOSE THE OPPORTUNITY GAP IN THE GREATER BOSTON AREA THROUGH A MULTI-YEAR SUMMER ACADEMIC ENRICHMENT PROGRAM THAT HELPS CHILDREN THRIVE IN SCHOOL AND BEYOND.

Program Service Accomplishments

Program 1

Expenses: $205,365

HORIZONS GREATER BOSTON IS A TRANSFORMATIONAL, COMMUNITY-CENTERED EDUCATION PROGRAM PROVEN TO CLOSE THE OPPORTUNITY GAP. STUDENTS ATTEND A TUITION-FREE, INTENSIVE, FIVE-WEEK SUMMER PROGRAM ON THE...

HORIZONS GREATER BOSTON IS A TRANSFORMATIONAL, COMMUNITY-CENTERED EDUCATION PROGRAM PROVEN TO CLOSE THE OPPORTUNITY GAP. STUDENTS ATTEND A TUITION-FREE, INTENSIVE, FIVE-WEEK SUMMER PROGRAM ON THE CAMPUS OF A BOSTON PUBLIC SCHOOL. WE MAKE A LONG-TERM INVESTMENT IN EVERY CHILD THAT ENTERS OUR PROGRAM, PROMISING TEN CONSECUTIVE SUMMERS OF LEARNING, WITH ADDITIONAL SUPPORT THROUGHOUT HIGH SCHOOL. THE DIFFERENCE WITH HORIZONS LIES IN OUR COMMITMENT TO OUR FAMILIES, WHO RETURN TO OUR PROGRAM UNTIL THEY GRADUATE. THIS MODEL ALLOWS STUDENTS TO FEEL ACADEMICALLY AND EMOTIONALLY SUPPORTED THROUGHOUT THEIR MOST FORMATIVE YEARS.

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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 $302,304

Program Service Revenue $0

Investment Income $0

Other Revenue $-8,956

TOTAL REVENUE $293,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,755

Fundraising Expenses $12,877

Program Expenses $205,365

Other Expenses $139,347

TOTAL EXPENSES $275,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$293,348	$269,933	+0.1%
Expenses	$275,102	$268,654	+0.0%
Net Income	$18,246	$1,279	+13.3%

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

$101,676

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAUDIO MARTINEZ	EXEC DIR (AS OF 06/2024)	40.00	Officer	$64,042	$6,506	$70,548
TYLER NAY	EXEC DIR (LEFT 06/2024)	40.00	Officer	$28,312	$2,816	$31,128
ALINE GERY	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL GWALTNEY	DIRECTOR	2.00	Director	$0	$0	$0
ALISHA NUGER	DIRECTOR (LEFT 12/2024)	2.00	Director	$0	$0	$0
JOELLE GAMERE	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH FREEMAN	DIRECTOR	2.00	Director	$0	$0	$0
JACKIE KANHAINEN	DIRECTOR (LEFT 12/2024)	2.00	Director	$0	$0	$0
ROB RUFFIN	DIRECTOR	2.00	Director	$0	$0	$0
JANIM SAYLES	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON O'LEARY	DIRECTOR (LEFT 12/2024)	2.00	Director	$0	$0	$0
GITA IYER	BOARD PRESIDENT	10.00	Officer Director	$0	$0	$0
CURT BURMEISTER	TREASURER	5.00	Officer Director	$0	$0	$0
KATHY PARENT	CLERK	5.00	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	$293,348	$275,102	$170,801	$18,246
2023	$269,933	$268,654	$141,084	$1,279
2022	$257,581	$267,260	$150,394	$-9,679
2021	$232,185	$154,235	$148,346	$77,950