HORIZON PROJECT INC (EIN 930683413) - Form 990 Financial Analysis & Trantor Score

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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

1978

Legal Domicile

Principal Officer

TERRI SILVIS

Phone

5419385658

Tax Period

2024-07-01 to 2025-06-30

HORIZON PROJECT INC, founded in 1978, is a mid-sized nonprofit in the Human Services sector that reported $13.9M in total revenue in fiscal year 2024. Expenses of $13.0M left a modest 6% surplus.

Mission

ENHANCE THE LIVES OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES, HELPING THEM REACH THEIR HIGHEST POTENTIAL THROUGH TRAINING, EDUCATION, EMPLOYMENT, HOUSING, SUPPORT AND SOCIAL OPPORTUNITIES THAT ARE SAFE, HEALTHY AND STIMULATING.

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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 $12,833,627

Program Service Revenue $898,333

Investment Income $97,942

Other Revenue $69,544

TOTAL REVENUE $13,899,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,385,929

Fundraising Expenses $0

Program Expenses $12,192,144

Other Expenses $2,657,389

TOTAL EXPENSES $13,043,318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,899,446	$13,998,057	0.0%
Expenses	$13,043,318	$12,542,601	+0.0%
Net Income	$856,128	$1,455,456	-0.4%

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

319

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

$346,583

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI SILVIS	CEO	50.00	Officer	$220,964	$7,200	$228,164
APRIL MARTINEZ	CFO	50.00	Officer	$111,219	$7,200	$118,419
KENT PERKES	PRESIDENT	1.00	Officer Director	$0	$0	$0
TY WOOSLEY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LORA LINN	TREASURER/SE	1.00	Officer Director	$0	$0	$0
JIM STANTON	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
MIKE SWINNERTON	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL MATHWICH	DIRECTOR	1.00	Director	$0	$0	$0
DOUG PRIMMER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN KRALMAN	DIRECTOR	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	$13,899,446	$13,043,318	$18,166,349	$856,128
2024	$13,998,057	$12,542,601	$17,800,821	$1,455,456
2023	$13,595,423	$10,765,246	$15,678,120	$2,830,177
2022	$10,239,957	$9,737,883	$12,523,171	$502,074
2021	$10,522,098	$9,000,990	$10,745,299	$1,521,108
2020	$9,938,046	$8,970,700	$9,715,433	$967,346
2019	$9,385,285	$9,650,260	$8,737,148	$-264,975
2019	$9,012,402	$9,148,051	$8,342,284	$-135,649
2018	$9,012,402	$9,148,051	$8,342,284	$-135,649

HORIZON PROJECT INC