Accessing and reviewing the 990 forms of Horizon Health Services is essential to promote transparency and accountability in the organization. The 990 form is a tax return statement required for all tax-exempt organizations in the US, including nonprofit organizations.
To access Horizon Health Services’ 990 forms, you can visit the website of the Internal Revenue Service (IRS) and use the Exempt Organizations Select Check tool. This tool allows you to search for a specific organization and view its tax-related information, including the 990 form.
Once you have accessed the 990 form, it’s important to review it thoroughly to understand the financial situation of Horizon Health Services. The form includes detailed information on the organization’s revenue, expenses, assets, and liabilities. It also contains the salaries and compensation of top executives and board members, which can help you assess the fairness of their compensation packages.
One important aspect to focus on when reviewing the 990 form is the percentage of the organization’s expenses dedicated to program activities. Nonprofit organizations are required to spend the majority of their budget on program activities that support their mission. If the organization’s expenses are mostly focused on administrative or fundraising activities, it may indicate a lack of commitment to its mission.
Another area to scrutinize is the organization’s revenue sources. If Horizon Health Services is relying heavily on grants or government funding, it may be considered a red flag as these funding sources are often subject to fluctuations. A diversified revenue base is generally considered a healthier financial practice for nonprofits.
In conclusion, accessing and reviewing Horizon Health Services’ 990 forms is a crucial step in promoting transparency and accountability in nonprofit organizations. By examining the information provided, you can gain a better understanding of the organization’s finances, its commitment to its mission, and whether its practices are aligned with your values as a supporter or stakeholder.
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