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← HORIZON HEALTH FOUNDATION OF EAST CENTRAL ILLINOIS INC

Form 990 for tax year 2024

Filed by HORIZON HEALTH FOUNDATION OF EAST CENTRAL ILLINOIS INC.

Totals

Total revenue
$4,060,163
Total expenses
$4,682,557
Contributions and grants received
$253,977
Grants paid
$4,281,941
Program service revenue
$0
Investment income
$3,739,388
Other revenue
$66,798
Total assets, end of year
$28,780,676
Total liabilities, end of year
$1,687,734
Net assets or fund balances, end of year
$27,092,942
Program services expenses (Part IX)
$4,592,384
Management and general expenses
$90,173
Fundraising expenses
$0
Program service expenses (Part III)
$4,592,384

Program services were 98.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $253,977

  • 1g · Noncash contributions included above

    $1,335

  • 3 · Investment income

    total $1,268,438 · excluded $1,268,438

  • 6a · Gross rents

    real property $107,409

  • 6b · Less rental expenses

    real property $40,611

  • 6c · Rental income or loss

    real property $66,798

  • 6d · Net rental income or loss

    total $66,798 · excluded $66,798

  • 7a · Gross sales of assets other than inventory

    securities $27,889,135

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

    securities $25,418,185

  • 7c · Gain or loss

    securities $2,470,950

  • 7d · Net gain or loss

    total $2,470,950 · excluded $2,470,950

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,278,921 · program services $4,278,921

  • 2 · Grants to domestic individuals

    total $3,020 · program services $3,020

  • 7 · Other salaries and wages

    total $161,745 · program services $128,655 · management and general $33,090

  • 8 · Pension plan contributions

    total $19,800 · program services $15,789 · management and general $4,011

  • 10 · Payroll taxes

    total $10,266 · program services $8,187 · management and general $2,079

  • 11a · Fees: management

    total $3,800 · management and general $3,800

  • 11c · Fees: accounting

    total $25,375 · management and general $25,375

  • 11f · Fees: investment management

    total $94,635 · program services $94,635

  • 11g · Fees: other

    total $2,835 · program services $2,835

  • 12 · Advertising and promotion

    total $423 · program services $365 · management and general $58

  • 13 · Office expenses

    total $2,265 · program services $1,952 · management and general $313

  • 14 · Information technology

    total $50,276 · program services $30,688 · management and general $19,588

  • 17 · Travel

    total $554 · program services $478 · management and general $76

  • 19 · Conferences, conventions and meetings

    total $2,039 · program services $1,758 · management and general $281

  • 23 · Insurance

    total $6,363 · program services $5,472 · management and general $891

  • 24a · Other expenses: COMMUNITY HEALTH AND WE

    total $14,407 · program services $14,407

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,757 · program services $1,515 · management and general $242

  • 24e · All other expenses

    total $4,076 · program services $3,707 · management and general $369

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $861,904 · end of year $530,798

  • 3 · Pledges and grants receivable

    beginning of year $288,925 · end of year $187,975

  • 4 · Accounts receivable

    beginning of year $141,835 · end of year $0

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

    $506,311

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

    $37,919

  • 10c · Land, buildings and equipment, net

    beginning of year $523,488 · end of year $468,392

  • 12 · Investments: other securities

    beginning of year $26,597,714 · end of year $27,593,511

  • 17 · Accounts payable and accrued expenses

    beginning of year $264,572 · end of year $5,725

  • 23 · Secured mortgages and notes payable

    beginning of year $433,958 · end of year $390,752

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,291,257

  • 27 · Net assets without donor restrictions

    beginning of year $26,443,471 · end of year $26,638,436

  • 28 · Net assets with donor restrictions

    beginning of year $1,271,865 · end of year $454,506

Mission and programs · 2024

Mission

INSPIRING DONOR SUPPORT FOR EXCELLENT PATIENT CARE AND WELLNESS THROUGHOUT OUR COMMUNITIES.

  • INSPIRING DONOR SUPPORT FOR EXCELLENT PATIENT CARE AND WELLNESS THROUGHOUT OUR COMMUNITIES.

    Expenses $4,592,384 · Grants $4,281,941

As filed on the 2024 return.

Listed in Part VII

  • Martin D Adams

    VICE CHAIRMAN

    Total calculated
    $393,794
    From this org
    $0
    From related orgs
    $350,941
    Other
    $42,853
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $343,176 related
    Bonus
    $0
    Other
    $0 + $7,765 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $22,153 related
    Filer's total
    $0 + $393,794 related

  • Robert Anderson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • David Frisse

    CHAIRMAN (END 2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Randi Bohannon

    EXECUTIVE DIRECTOR

    Total calculated
    $152,389
    From this org
    $0
    From related orgs
    $132,239
    Other
    $20,150
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $132,239 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,150 related
    Filer's total
    $0 + $152,389 related

  • Eric Volkmann

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Debbie Benefiel

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Donald Bartos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bradley Tucker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mandy Neal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Blair

    DIRECTOR (BEG 2024)

    Total calculated
    $0
    Hours/week
    1

  • Susan Arp

    DIRECTOR (BEG 2024)

    Total calculated
    $0
    Hours/week
    1

  • William Bill Minnis

    DIRECTOR (END 2024)

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 October 2025
IRS schema version
2024v5.2
Source object
202502899349300715

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