HORIZON CLIMATE INITIATIVE

EIN: 921612922 501(c)(3) Environment

CHARLOTTESVILLE, VA

Total Revenue
$1,546,424
Total Expenses
$1,242,830
Total Assets
$383,746
Net Assets
$303,594
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
VA
Principal Officer
FRANK W RAMBO
Phone
4342023398
Tax Period
2023-01-01 to 2023-12-31

HORIZON CLIMATE INITIATIVE, founded in 2023, is a community nonprofit in the Environment sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $304K, a strong 20% operating margin.

Mission

HORIZON CLIMIATE INITIATIVE (HCI) IS DEDICATED TO BENDING DOWN THE ARC OF GREENHOUSE GAS POLLUTION BY ENDING PRACTICES THAT FAVOR FOSSIL FUEL GENERATION AT THE EXPENSE OF CONSUMERS AND CLEAN ENERGY

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,546,399
Program Service Revenue $0
Investment Income $0
Other Revenue $25
TOTAL REVENUE $1,546,424

Expense Breakdown

Grants Paid $797,000
Salaries & Benefits $307,003
Fundraising Expenses $42,222
Program Expenses $898,336
Other Expenses $138,827
TOTAL EXPENSES $1,242,830

Year-over-Year Comparison

2023 2022 Change
Revenue $1,546,424 N/A N/A
Expenses $1,242,830 N/A N/A
Net Income $303,594 $0 N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
N/A

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
3
$150,755
Total Directors
3
$150,755
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK RAMBO PRESIDENT 40.00
Officer Director
$134,192 $16,563 $150,755
SARAH BRENNAN TREASURER 3.00
Officer Director
$0 $0 $0
MATT COX SECRETARY 3.00
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 No data No data No data No data
2023 $1,546,424 $1,242,830 $383,746 $303,594
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