Horizon Healthcare Partners

Nonprofit profile at a glance

EIN
452131381
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-EZ 2016, Form 990-N 2012
Location
East Providence, RI, USA
Phone
4012121078
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Mental Health Treatment F31 Psychiatric, Mental Health Hospital

Reported finances

Revenue
$9,235,998
Expenses
$8,741,384
Assets
$5,284,670
Liabilities
$2,369,780

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • JAMIE DINUNZIO (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • AMY KALINICK (CHIEF FINANCIAL OFFICER): $144,236 total reported compensation
  • JAMIE DINUNZIO (CHIEF EXECUTIVE OFFICER): $26,427 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To assist our members in retaining autonomy and preserving their client-driven missions, as well as improving services to clients and employees by integrating, coordinating, achieving economies of scale and efficiency, enhancing revenues, and containing costs in the

What it reported doing in 2024

Horizon healthcare partners is a consortium of seven community-based agencies that serve the behavioral health needs of rhode islanders throughout the state. Member organizations include child & family ri, codac, community care alliance, galilee mission, newport mental health, thrive behavioral health and tides family services. Horizon works to ensure equitable access and affordable services for individuals and families struggling with issues related to mental health, substance abuse, access to mental and behavioral healthcare and access to basic needs such (i.e., food, clothing and shelter). Horizon supports its member agencies in diverting higher-risk client groups to community-based mental health/substance abuse alternatives, gathering data and information to ensure high quality community-based, cost-effective member services and leveraging the strengths of each member organization to bolster the broader network of behavioral health providers.

Operating model

Revenue model
Grant-funded. 81% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.2%; rating input score 85
  • Program expense ratio: 90%; rating input score 90
  • Fundraising efficiency: $160.77 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.4%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.45; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 2%; rating input score 76; 76th percentile among comparable filings

Growth

  • Program expense growth: 24.6% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 27.9% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 29.3% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 85.2% of revenue deployed · 90% of spending went to programs
  • Governance: 11 of 11 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $7.9M in reported program spending
  • Leadership: top reported pay $144K · 13 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • Review — Sustainability: Operating margin scored 52/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.