AMERICAN LIGHTHOUSE FOUNDATION (EIN 010499730) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

ROBERT TRAPANI JR

Phone

2075944174

Tax Period

2023-01-01 to 2023-12-31

AMERICAN LIGHTHOUSE FOUNDATION, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $653K in total revenue in fiscal year 2023. Expenses of $592K left a modest 9% surplus.

Mission

THE MISSION OF THE AMERICAN LIGHTHOUSE FOUNDATION IS TO SAVE AND PRESERVE OUR NATION'S HISTORIC LIGHT STATIONS AND THEIR RICH HERITAGE. THIS WILL BE ACCOMPLISHED THROUGH THE RESTORATION, PROMOTION, AND ADAPTIVE RE-USE OF AMERICA'S HISTORIC LIGHT STATIONS, AS WELL AS EDUCATIONAL INITIATIVES THAT FOSTER THE SUSTAINABLE PRESERVATION OF LIGHTHOUSES AND PERPETUATE THE LEGACY OF THE MEN AND WOMEN WHO HAVE TENDED THEM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $551,020

Program Service Revenue $14,330

Investment Income $2,090

Other Revenue $85,999

TOTAL REVENUE $653,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,284

Fundraising Expenses $5,682

Program Expenses $458,364

Other Expenses $377,166

TOTAL EXPENSES $592,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$653,439	$677,561	0.0%
Expenses	$592,450	$480,019	+0.2%
Net Income	$60,989	$197,542	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

250

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$136,313

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK KORSTAD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUDIANNE POINT	1ST VICE PRE	1.00	Officer Director	$0	$0	$0
BRAD COUPE	2ND VICE PRE	1.00	Officer Director	$0	$0	$0
ALAN S ELLS	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE WALLER	SECRETARY	1.00	Officer Director	$0	$0	$0
GARY CHILDS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE SHAW	DIRECTOR	1.00	Director	$0	$0	$0
JEAN ZUNDA	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA ROWDEN	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS TARDIFF	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT TRAPANI JR	EXECUTIVE DI	45.00	Officer	$64,351	$11,666	$76,017
ANN-MARIE TRAPANI	ASSOCIATE DI	45.00	Officer	$38,630	$21,666	$60,296
GEORGE BRUNS	DIRECTOR	1.00	Director	$0	$0	$0
DOMINICK PUCCI	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$653,439	$592,450	$2,576,094	$60,989
2022	$677,561	$480,019	$2,479,093	$197,542
2021	$410,919	$568,586	$2,266,614	$-157,667
2020	$234,617	$334,270	$2,400,001	$-99,653
2019	$511,185	$581,300	$2,444,206	$-70,115
2018	$639,674	$548,546	$2,490,613	$91,128

AMERICAN LIGHTHOUSE FOUNDATION