Seattle, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Horizon House, founded in 1960, is a mid-sized nonprofit in the Human Services sector that reported $38.2M in total revenue in fiscal year 2023.
Purposeful living in a diverse community. Using the power of resident driven community to enhance wellbeing.
Horizon House has a long-standing commitment to Social Accountability. Residents, staff and the entire organization give time and financial support to those in need. This support is offered to those...
Horizon House has a long-standing commitment to Social Accountability. Residents, staff and the entire organization give time and financial support to those in need. This support is offered to those living in Horizon House and in the broader community. Horizon House, a not-for-profit retirement community was founded in 1961, becoming the first retirement community in downtown Seattle. Founding members were civic leaders and members of the United Church of Christ who established a commitment to social justice, community outreach and social accountability which continues to this day. Horizon House is a Continuing Care Retirement Community with 378 Independent Living apartments and 90 Assisted Living Health Care apartments. There are approximately 480 residents at Horizon House and a staff of 213. Comprehensive health services include wellness/exercise, rehabilitation therapy, Home Care, and Assisted and Nursing Care in addition to educational classes and many social and cultural events. Horizon House is governed by 10 to 15-member Board of Trustees who serves without compensation. The Board is comprised of men and women with professional expertise in the leadership and operational areas of Horizon House. A three-member Executive Team is responsible for the administrative leadership of Horizon House. Examples of Community Outreach and Social Accountability Some highlights from 2023 include: - Charitable care for residents unable to pay in the amount of $476,150 enabling them to remain at Horizon House and eliminating the need for government assistance and subsidies. Distribution of $3,719 to employees in need of assistance. These distributions are funded by our generous donors consisting of residents, families, vendors, and staff. - Donations to community not-for-profit groups in honor of deceased Horizon House residents for a total of $1,100. - Horizon House is a member of various non-profit associations including the Council of Health & Human Services Ministries of the United Church of Christ, LeadingAge, First Hill Improvement Association, Northwest Center for Creative Aging, and the Jim Ellis Freeway Park Association. A Community Grants Program provides funding to organizations that support programs and services to older adults - grants and donations for their charitable work in the broader community in the total amount of $67,700. - Volunteer hours donated by Horizon House residents to community non-profits include Simons House and Sylvia's Place Plymouth Housing, sewing & knitting for Harborview and Plymouth Housing and Friends of the Library Book Cart. Due to COVID-19 and safety for our residents many volunteering services were cancelled. 2023 Total donated dollars: $479,869 in charitable dollars (resident care and employee assistance) $ 68,800 (community grants to organizations, memorial gifts) $ 548,669
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $38,189,637 | $37,062,160 | +0.0% |
| Expenses | $37,749,441 | $35,438,172 | +0.1% |
| Net Income | $440,196 | $1,623,988 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| N/A | Vice President | 3.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | Secretary | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | President | 5.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | Treasurer | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | Trustee | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | Trustee | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | Trustee | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | Trustee | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | Trustee | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | Trustee | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | Trustee | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | CFO | 50.0 |
Officer
|
$233,153 | $27,651 | $260,804 |
| N/A | CEO | 50.0 |
Officer
|
$183,756 | $352 | $184,108 |
| N/A | CEO (through 8/23) | 50.0 |
Officer
|
$452,220 | $28,386 | $480,606 |
| N/A | COO | 50.0 |
Key Emp
|
$251,636 | $33,867 | $285,503 |
| N/A | Nurse | 50.0 |
Highest
|
$153,508 | $29,049 | $182,557 |
| N/A | Director of IT | 50.0 |
Highest
|
$171,781 | $857 | $172,638 |
| N/A | Director of Construction | 50.0 |
Highest
|
$190,112 | $19,381 | $209,493 |
| N/A | Nurse | 50.0 |
Highest
|
$191,743 | $20,034 | $211,777 |
| N/A | Elder Care Assistant | 80.0 |
Highest
|
$198,859 | $34,000 | $232,859 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $38,189,637 | $37,749,441 | $234,261,169 | $440,196 |
| 2022 | $37,062,160 | $35,438,172 | $216,369,595 | $1,623,988 |
| 2021 | $49,618,352 | $34,619,403 | $225,517,905 | $14,998,949 |
| 2020 | $39,649,223 | $34,307,467 | $220,645,296 | $5,341,756 |
| 2019 | $36,836,563 | $34,517,694 | $214,631,010 | $2,318,869 |
| 2018 | $36,698,899 | $34,537,831 | $205,230,979 | $2,161,068 |
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