HORIZONS FOUNDATION (EIN 942686530) - 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

1980

Legal Domicile

Principal Officer

ROGER DOUGHTY

Phone

4153982333

Tax Period

2022-07-01 to 2023-06-30

HORIZONS FOUNDATION, founded in 1980, is a mid-sized nonprofit in the Community Improvement sector that reported $12.0M in total revenue in fiscal year 2022. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.0M, a strong 17% operating margin.

Mission

TO SUPPORT NONPROFITS SERVING AND ADVOCATING FOR LGBTQ PEOPLE THROUGH GRANTMAKING AND PROGRAMS; TO INCREASE PHILANTHROPIC GIVING TO LGBTQ CAUSES; AND TO PROVIDE FOR FUTURE LGBTQ GENERATIONS AND THE LGBTQ COMMUNITY'S LONG-TERM FUTURE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $9,725,496

Program Service Revenue $250

Investment Income $2,488,936

Other Revenue $-177,599

TOTAL REVENUE $12,037,083

Expense Breakdown

Grants Paid $7,694,854

Salaries & Benefits $1,383,471

Fundraising Expenses $438,917

Program Expenses $9,042,211

Other Expenses $940,235

TOTAL EXPENSES $10,018,560

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12,037,083	$19,242,544	-0.4%
Expenses	$10,018,560	$9,647,363	+0.0%
Net Income	$2,018,523	$9,595,181	-0.8%

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

$486,904

Total Directors

Key Employees

$355,289

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM MURRAY	CO-CHAIR	5.00	Officer Director	$0	$0	$0
DIPTI GHOSH	CO-CHAIR	5.00	Officer Director	$0	$0	$0
ADAM BLUM	CHAIR EMERITUS	5.00	Director	$0	$0	$0
MAYA SETCHKOVA	TREASURER	5.00	Officer Director	$0	$0	$0
JAE MALDONADO	DIRECTOR	5.00	Director	$0	$0	$0
XOCHITL CARRION	DIRECTOR	5.00	Director	$0	$0	$0
KATHRYN CLUBB	DIRECTOR	5.00	Director	$0	$0	$0
JUAN BARANI	SECRETARY	5.00	Officer Director	$0	$0	$0
SHILPEN PATEL	DIRECTOR	5.00	Director	$0	$0	$0
LINDA SCAPAROTTI	DIRECTOR	5.00	Director	$0	$0	$0
MELISA MARQUEZ	DIRECTOR	5.00	Director	$0	$0	$0
JANE SWAN	DIRECTOR	5.00	Director	$0	$0	$0
JACOB LITTLE	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS LIM	DIRECTOR	5.00	Director	$0	$0	$0
ROGER DOUGHTY	PRESIDENT	40.00	Officer	$250,050	$35,613	$285,663
JOHN MARVUGLIO	CFO	40.00	Officer	$184,859	$16,382	$201,241
CANDACE LOPEZ	CHIEF PHILANTHROPIC OFFICER	40.00	Key Emp	$153,250	$7,524	$160,774
FRANCISCO BUCHTING	VP OF GRANTS, PROGRAMS & STRATEGIC INITIATIVES	40.00	Key Emp	$168,950	$25,565	$194,515
HENRY PACHECO	DIRECTOR OF PHILANTHROPIC SERVICES	40.00	Highest	$112,933	$9,137	$122,070
CURTIS PARKER	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$107,455	$9,933	$117,388

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$12,037,083	$10,018,560	$48,901,651	$2,018,523
2022	$19,242,544	$9,647,363	$46,250,238	$9,595,181
2021	$8,470,990	$7,069,099	$41,480,128	$1,401,891
2020	$8,229,616	$8,339,812	$35,854,872	$-110,196
2018	$8,703,411	$7,184,476	$34,206,703	$1,518,935

HORIZONS FOUNDATION