LITE INITIATIVES

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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!

Program Service Accomplishments

Program 1

Expenses: $189,584 Revenue: $253,077

Community Bikes is a reuse and repair program that also promotes bicycles as an environmentally friendly form of transportation. We teach all interested parties - regardless of age, skill level or...

Community Bikes is a reuse and repair program that also promotes bicycles as an environmentally friendly form of transportation. We teach all interested parties - regardless of age, skill level or financial status, to safely maintain, repair and reuse bikes. Our staff repairs bikes as a low cost community service and refurbishes donated bikes that are then sold at a discount or given to agencies for individuals in need.

Program 2

Expenses: $0 Revenue: $0

Zero Waste Action - Sonoma County promotes and advocates for high diversion and Zero Waste practices, policies and programs. We conduct a wide range of volunteer activities via our large network and in collaboration with other nonprofit groups. Examples include writing articles, event tabling, giving presentations and workshops and organizing symposiums, repair fairs, swaps, etc.

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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