HORIZONS ACADEMY OF MAUI INC (EIN 943264165) - 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

1997

Legal Domicile

Principal Officer

ANNIE REYNOLDS

Phone

8085752954

Tax Period

2023-07-01 to 2024-06-30

HORIZONS ACADEMY OF MAUI INC, founded in 1997, is a small nonprofit in the Education sector that reported $506K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $642K exceeded revenue, resulting in a 27% operating deficit.

Mission

A. TO PROVIDE EDUCATIONAL PROGRAMS AND SERVICES TO ASSIST PERSONS WITH LEARNING DISABILITIES AND DISORDERS, AND THEIR FAMILIES; AND B. TO ENGAGE IN FUND-RAISING ACTIVITIES TO SUPPORT THE PURPOSES OF THIS CORPORATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $45,838

Program Service Revenue $460,195

Investment Income $0

Other Revenue $178

TOTAL REVENUE $506,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $373,235

Fundraising Expenses $4,631

Program Expenses $499,861

Other Expenses $268,819

TOTAL EXPENSES $642,054

Year-over-Year Comparison

	2023	2022	Change
Revenue	$506,211	$1,023,180	-0.5%
Expenses	$642,054	$1,073,765	-0.4%
Net Income	$-135,843	$-50,585	+1.7%

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

$89,848

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNIE REYNOLDS	PRESIDENT	1.25	Officer Director	$0	$0	$0
CHARISSA TAYLOR	SECRETARY	1.25	Officer Director	$0	$0	$0
MICHELLE GRAHAM	TREASURER	1.25	Officer Director	$0	$0	$0
JASON BLINKHORN	DIRECTOR	1.25	Director	$0	$0	$0
ROLAND GRAHAM	DIRECTOR	1.25	Director	$0	$0	$0
CRYSTAL THOMAS	OPERATIONS D	1.25	Officer	$78,175	$11,673	$89,848

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	$506,211	$642,054	$824,850	$-135,843
2023	$1,023,180	$1,073,765	$928,235	$-50,585
2022	$1,158,016	$1,150,456	$1,057,623	$7,560
2021	$1,896,700	$1,908,517	$1,242,728	$-11,817
2020	$1,615,416	$1,878,061	$1,456,328	$-262,645
2019	$2,016,604	$2,209,550	$1,469,778	$-192,946
2018	$2,012,056	$2,015,276	$1,686,836	$-3,220

HORIZONS ACADEMY OF MAUI INC