Residents Council of Horizon House

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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

2001

Legal Domicile

Phone

2066243700

Tax Period

2021-04-01 to 2022-03-31

Residents Council of Horizon House, founded in 2001, is a small nonprofit in the Human Services sector that reported $539K in total revenue in fiscal year 2021. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $516K left a modest 4% surplus.

Mission

To enhance the quality of life for all residents regardless of income in independent and supported living apartments

Program Service Accomplishments

Program 1

Expenses: $449,817 Revenue: $451,471

Provided gifts to 222 Horizon House employees. No individual gift was in excess of $2550. Over 450 families contributed to the gifts.

Program 2

Expenses: $44,234 Revenue: $85,254

Provided entertainment, educational forums, social and cultural activities as well as books and art for enrichment of residents regardless of mobility and income. Between 500 and 550 individuals...

Provided entertainment, educational forums, social and cultural activities as well as books and art for enrichment of residents regardless of mobility and income. Between 500 and 550 individuals benefited.

Program 3

Expenses: $15,500

Provided cash assistance for residents who outlive their assets through a 15,000 grant to the Residents Assistance Fund of the Endowment of Horizon House, a 501 c 3 organization. Provided a $500...

Provided cash assistance for residents who outlive their assets through a 15,000 grant to the Residents Assistance Fund of the Endowment of Horizon House, a 501 c 3 organization. Provided a $500 donation to the Friends of the Library.

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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 (2021)

Revenue Breakdown

Contributions & Grants $537,732

Program Service Revenue $0

Investment Income $1,109

Other Revenue $0

TOTAL REVENUE $538,841

Expense Breakdown

Grants Paid $465,317

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $509,551

Other Expenses $50,527

TOTAL EXPENSES $515,844

Year-over-Year Comparison

	2021	2020	Change
Revenue	$538,841	$444,117	+0.2%
Expenses	$515,844	$448,749	+0.1%
Net Income	$22,997	$-4,632	-6.0%

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

N/A

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Hoover	President	2.00	Officer Director	$0	$0	$0
May Gerstle	Vice President	0.00	Officer Director	$0	$0	$0
Carol Roach	Vice President	0.00	Officer Director	$0	$0	$0
Connie Hellyer	Secretary	0.00	Officer Director	$0	$0	$0
Diane Tinker	Treasurer	0.00	Officer Director	$0	$0	$0
Nancy McReynolds	Trustee	0.00	Director	$0	$0	$0
Sally Renn	Trustee	0.00	Director	$0	$0	$0
Beth Davis	Trustee	0.00	Director	$0	$0	$0
Lyla Doyle	Trustee	0.00	Director	$0	$0	$0
Marian Miura	Trustee	0.00	Director	$0	$0	$0
David Shoup	Trustee	0.00	Director	$0	$0	$0
Nancy Cope	Trustee	0.00	Director	$0	$0	$0
Judy Ostrow	Trustee	0.00	Director	$0	$0	$0
Wilton Fowler	Trustee	0.00	Director	$0	$0	$0
Dick Clarke	Trustee	0.00	Director	$0	$0	$0
Deanna Nelson	Trustee	0.00	Director	$0	$0	$0
Joan Bowers	Trustee	0.00	Director	$0	$0	$0
Nancy Olsen	Trustee	0.00	Director	$0	$0	$0
Cami Elbow	Trustee	0.00	Director	$0	$0	$0
Susan Barash	Trustee	0.00	Director	$0	$0	$0
Jennifer Stucker	Trustee	0.00	Director	$0	$0	$0
Barbara McHarg	Trustee	0.00	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
2024	No data	No data	No data	No data
2022	$538,841	$515,844	$211,924	$22,997
2022	$533,441	$532,137	$212,224	$1,304
2021	$444,117	$448,749	$187,602	$-4,632
2020	$474,988	$449,757	$192,184	$25,231
2019	$462,589	$424,472	$167,774	$38,117