LITE INITIATIVES (EIN 010745653) - 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

2003

Legal Domicile

Principal Officer

Portia M Sinnott

Phone

7073229394

Tax Period

2023-01-01 to 2023-12-31

LITE INITIATIVES, founded in 2003, is a small nonprofit in the Environment sector that reported $253K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

LITE's mission is to motivate individuals, groups, businesses and even whole communities to live lightly and more efficiently. Our focus is on alternative transportation, Zero Waste, reuse, repair and recycling via DIY (do it yourself) skill development, outreach, education and fun!

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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 $540

Program Service Revenue $19,627

Investment Income $343

Other Revenue $232,540

TOTAL REVENUE $253,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,875

Fundraising Expenses $0

Program Expenses $189,584

Other Expenses $60,401

TOTAL EXPENSES $264,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$253,050	$224,897	+0.1%
Expenses	$264,276	$273,835	0.0%
Net Income	$-11,226	$-48,938	-0.8%

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

N/A

Employees

Volunteers

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

$15,000

Total Directors

$15,000

Key Employees

$66,613

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Swint	Shop Manager	30.00	Key Emp Highest	$36,000	$0	$36,000
Solomon Loren Soltes	General Manager	15	Key Emp	$15,613	$0	$15,613
Portia Sinnott	Executive Director	8	Officer Director Key Emp	$15,000	$0	$15,000
Sammy Nasr	Program Director	8	Officer Director	$0	$0	$0
Kathryn Ackland	Director	0.25	Director	$0	$0	$0
James McGreen	Director	0.25	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$253,050	$264,276	$56,996	$-11,226
2022	$224,897	$273,835	$66,213	$-48,938
2021	$197,519	$147,013	$102,195	$50,506

LITE INITIATIVES