Horizon Academy

What it reported doing in 2024

Horizon academy serves approximately 120 students in 10 counties within a 75-mile radius. We provide scholarships to approximately 40% of our students through financial assistance raised through our development efforts. Horizon academy holds accreditation through isacs and advanced and is an approved private agency through Missouri dese. Our school day program is recognized by the orton-gillingham academy as a school following orton-gillingham principles approved in providing appropriate educational services to students with dyslexia and other language-based learning disabilities. (continued on schedule o)the o-g approach permeates our academic program and includes multisensory math (msm), the writing revolution, and written expression. All teachers are trained in these approaches. In addition, we offer services to the Kansas city community through our learning center which offers tutoring and testing services. We act as a resource to the community by offering free events that promote awareness of learning disabilities as well as training for teachers. Over 600 students have transitioned from our school. Many have achieved being on the honor roll, have graduated college and have entered the work force.horizon academy is considered a "transition" school. As part of our mission, we meet incoming students where they are academically, intervene with the right set of learning approaches (og) and strategies, and within an average of three years return them to their traditional programs and/or schools as confident learners and self-advocates. By design, we lose 25-30% of our students every year. Our student outcomes and meteoric growth can be attributed to the quality of our staff and the professional development we provide for them.

Financial Efficiency

• Mission deployment rate: 79.8%; rating input score 80
• Program expense ratio: 82.9%; rating input score 83
• Fundraising efficiency: $2.01 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 4.2%; rating input score 48; 48th percentile among comparable filings
• Total-asset coverage ratio: 1.53; rating input score 52; 52nd percentile among comparable filings
• Liabilities to assets ratio: 0.39; rating input score 28; 28th percentile among comparable filings
• Officer compensation ratio: 3.9%; rating input score 62; 62nd percentile among comparable filings

Growth

• Program expense growth: 8.2% per year; rating input score 100; 57th percentile among comparable filings
• Revenue growth: 8.3% per year; rating input score 100; 61st percentile among comparable filings
• Asset growth: 7.5% per year; rating input score 100; 47th percentile among comparable filings