Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $278,233

• 1f · All other contributions, gifts and grants

  $4,752

• 1g · Noncash contributions included above

  $111,181

• 2a · Program service revenue: MEDICAID/MEDICARE

  total $33,869,730 · related or exempt $33,869,730

• 2b · Program service revenue: PRIVATE INSURANCE

  total $8,735,680 · related or exempt $8,735,680

• 2c · Program service revenue: PRIVATE PAY

  total $1,182,951 · related or exempt $1,182,951

• 2d · Program service revenue: COUNTY

  total $302,528 · related or exempt $302,528

• 2e · Program service revenue: OTHER

  total $16,345 · related or exempt $16,345

• 3 · Investment income

  total $1,198,311 · excluded $1,198,311

• 7a · Gross sales of assets other than inventory

  other assets $72,656

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

  other assets $0

• 7c · Gain or loss

  other assets $72,656

• 7d · Net gain or loss

  total $72,656 · excluded $72,656

• 8a · Fundraising events: gross income

  $176,441

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

  $278,233

• 8b · Fundraising events: direct expenses

  $301,102

• 8c · Net income from fundraising events

  total -$124,661 · excluded -$124,661

• 9a · Gaming: gross income

  $5,915

• 9b · Gaming: direct expenses

  $2,600

• 9c · Net income from gaming

  total $3,315 · excluded $3,315

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,950 · program services $5,950

• 5 · Compensation of officers, directors and key employees

  total $1,202,352 · management and general $1,202,352

• 7 · Other salaries and wages

  total $23,330,317 · program services $21,016,014 · management and general $2,183,174 · fundraising $131,129

• 8 · Pension plan contributions

  total $847,665 · program services $744,278 · management and general $101,639 · fundraising $1,748

• 9 · Other employee benefits

  total $3,808,224 · program services $2,759,387 · management and general $1,048,837

• 10 · Payroll taxes

  total $1,752,961 · program services $1,545,513 · management and general $203,008 · fundraising $4,440

• 11b · Fees: legal

  total $48,370 · management and general $48,370

• 11c · Fees: accounting

  total $56,455 · management and general $56,455

• 11f · Fees: investment management

  total $20,000 · management and general $20,000

• 11g · Fees: other

  total $473,120 · program services $436,743 · management and general $36,377

• 12 · Advertising and promotion

  total $496,810 · management and general $496,810

• 13 · Office expenses

  total $518,853 · program services $214,357 · management and general $304,041 · fundraising $455

• 14 · Information technology

  total $1,536,629 · program services $393,500 · management and general $1,143,129

• 16 · Occupancy

  total $1,763,882 · program services $808,312 · management and general $955,570

• 17 · Travel

  total $872,108 · program services $856,040 · management and general $15,718 · fundraising $350

• 19 · Conferences, conventions and meetings

  total $97,921 · management and general $97,921

• 22 · Depreciation, depletion and amortization

  total $340,455 · program services $51,330 · management and general $289,125

• 23 · Insurance

  total $278,062 · management and general $278,062

• 24a · Other expenses: HOSPITAL & NURSING HOME

  total $3,011,993 · program services $3,011,993

• 24b · Other expenses: MEDICAL SUPPLY COSTS

  total $2,266,778 · program services $2,266,755 · management and general $23

• 24c · Other expenses: BAD DEBT

  total $408,412 · program services $408,412

• 24d · Other expenses: EMPLOYEE WELLNESS

  total $177,980 · management and general $177,980

• 24e · All other expenses

  total $22,512 · program services $7,046 · management and general $15,466

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $6,769,283 · end of year $6,334,687

• 4 · Accounts receivable

  beginning of year $6,154,749 · end of year $7,601,638

• 9 · Prepaid expenses and deferred charges

  beginning of year $417,078 · end of year $430,313

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

  $5,650,895

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

  $4,004,882

• 10c · Land, buildings and equipment, net

  beginning of year $856,108 · end of year $1,646,013

• 11 · Investments: publicly traded securities

  beginning of year $22,410,797 · end of year $25,720,273

• 12 · Investments: other securities

  beginning of year $15,269 · end of year $15,944

• 15 · Other assets

  beginning of year $12,143,808 · end of year $11,558,769

• 17 · Accounts payable and accrued expenses

  beginning of year $6,273,282 · end of year $6,575,940

• 25 · Other liabilities

  beginning of year $12,468,596 · end of year $12,046,928

• 27 · Net assets without donor restrictions

  beginning of year $30,019,271 · end of year $34,662,126

• 28 · Net assets with donor restrictions

  beginning of year $5,943 · end of year $22,643

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.