Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $314,889

• 1f · All other contributions, gifts and grants

  $2,888

• 1g · Noncash contributions included above

  $134,877

• 2a · Program service revenue: MEDICAID/MEDICARE

  total $39,020,196 · related or exempt $39,020,196

• 2b · Program service revenue: PRIVATE INSURANCE

  total $3,111,800 · related or exempt $3,111,800

• 2c · Program service revenue: PRIVATE PAY

  total $1,325,411 · related or exempt $1,325,411

• 2d · Program service revenue: OTHER

  total $6,803 · related or exempt $6,803

• 3 · Investment income

  total $1,434,811 · excluded $1,434,811

• 7a · Gross sales of assets other than inventory

  other assets $458,329

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $458,329

• 7d · Net gain or loss

  total $458,329 · excluded $458,329

• 8a · Fundraising events: gross income

  $179,278

• 8a · Fundraising events: contributions included on line 1c

  $314,889

• 8b · Fundraising events: direct expenses

  $336,855

• 8c · Net income from fundraising events

  total -$157,577 · excluded -$157,577

• 9a · Gaming: gross income

  $5,927

• 9b · Gaming: direct expenses

  $1,710

• 9c · Net income from gaming

  total $4,217 · excluded $4,217

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,850 · program services $2,850

• 5 · Compensation of officers, directors and key employees

  total $1,107,667 · management and general $1,107,667

• 7 · Other salaries and wages

  total $23,408,328 · program services $21,043,884 · management and general $2,229,842 · fundraising $134,602

• 8 · Pension plan contributions

  total $827,270 · program services $795,677 · management and general $29,638 · fundraising $1,955

• 9 · Other employee benefits

  total $3,438,100 · program services $2,688,549 · management and general $755,406 · fundraising -$5,855

• 10 · Payroll taxes

  total $1,760,114 · program services $1,514,043 · management and general $236,129 · fundraising $9,942

• 11b · Fees: legal

  total $128,051 · management and general $128,051

• 11c · Fees: accounting

  total $63,555 · management and general $63,555

• 11f · Fees: investment management

  total $21,333 · management and general $21,333

• 11g · Fees: other

  total $560,320 · program services $489,741 · management and general $70,579

• 12 · Advertising and promotion

  total $369,454 · management and general $369,454

• 13 · Office expenses

  total $554,590 · program services $244,012 · management and general $310,065 · fundraising $513

• 14 · Information technology

  total $1,284,428 · program services $326,753 · management and general $957,675

• 16 · Occupancy

  total $1,780,744 · program services $810,680 · management and general $970,064

• 17 · Travel

  total $871,921 · program services $868,132 · management and general $3,628 · fundraising $161

• 19 · Conferences, conventions and meetings

  total $67,554 · management and general $67,554

• 22 · Depreciation, depletion and amortization

  total $430,187 · program services $66,816 · management and general $363,371

• 23 · Insurance

  total $307,110 · management and general $307,110

• 24a · Other expenses: HOSPITAL & NURSING HOME

  total $3,467,243 · program services $3,467,243

• 24b · Other expenses: MEDICAL SUPPLY COSTS

  total $2,259,791 · program services $2,259,696 · management and general $95

• 24c · Other expenses: BAD DEBT

  total $437,971 · program services $437,971

• 24d · Other expenses: EMPLOYEE WELLNESS

  total $227,470 · management and general $227,470

• 24e · All other expenses

  total $161,494 · program services $449 · management and general $161,045

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $6,334,687 · end of year $6,567,885

• 4 · Accounts receivable

  beginning of year $7,601,638 · end of year $6,108,206

• 9 · Prepaid expenses and deferred charges

  beginning of year $430,313 · end of year $438,673

• 10a · Land, buildings and equipment: cost or other basis

  $5,758,592

• 10b · Land, buildings and equipment: accumulated depreciation

  $4,179,681

• 10c · Land, buildings and equipment, net

  beginning of year $1,646,013 · end of year $1,578,911

• 11 · Investments: publicly traded securities

  beginning of year $25,720,273 · end of year $29,904,590

• 12 · Investments: other securities

  beginning of year $15,944 · end of year $35,645

• 15 · Other assets

  beginning of year $11,558,769 · end of year $11,615,961

• 17 · Accounts payable and accrued expenses

  beginning of year $6,575,940 · end of year $5,739,731

• 25 · Other liabilities

  beginning of year $12,046,928 · end of year $12,254,882

• 27 · Net assets without donor restrictions

  beginning of year $34,662,126 · end of year $38,239,450

• 28 · Net assets with donor restrictions

  beginning of year $22,643 · end of year $15,808

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION LEVEL OF THE PRESIDENT/CEO ANNUALLY. A MARKET STUDY IS DONE TO COMPARE SALARY LEVELS FOR THE PRESIDENT/CEO POSITION IN THE HOME CARE INDUSTRY FOR AGENCIES OF A COMPARABLE SIZE.

PART I, LINE 5

THE BOARD OF DIRECTORS HAS ESTABLISHED AN INCENTIVE COMPENSATION PLAN FOR THE TOP FOUR EXECUTIVES OF HORIZON - THE PRESIDENT/CEO, THE CFO, THE COO, AND THE VICE PRESIDENT OF HUMAN RESOURCES. THE BOARD SETS TARGET GOALS EACH YEAR IN AREAS SUCH AS PROFITABILITY, QUALITY, GROWTH AND TURNOVER.