Welcoming Light Inc (EIN 020481648) - 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

1995

Legal Domicile

Principal Officer

Henry Och

Phone

6038823616

Tax Period

2024-07-01 to 2025-06-30

Welcoming Light Inc, founded in 1995, is a small nonprofit in the Mental Health sector that reported $524K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $197K, a strong 38% operating margin.

Mission

Affordable housing and support services for individuals who are elderly and/or have disabilities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $335,359

Investment Income $897

Other Revenue $187,932

TOTAL REVENUE $524,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $269,580

Other Expenses $326,871

TOTAL EXPENSES $326,871

Year-over-Year Comparison

	2024	2023	Change
Revenue	$524,188	$378,603	+0.4%
Expenses	$326,871	$242,353	+0.3%
Net Income	$197,317	$136,250	+0.4%

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

N/A

Volunteers

153

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

$569,800

Total Directors

Key Employees

$283,170

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Grant Alois	Board Member (start 9/2024)	0.25	Director	$0	$0	$0
David Anzalone	Board Member (start 10/2024)	0.25	Director	$0	$0	$0
Thomas Arnold III	Board Member	0.25	Director	$0	$0	$0
Prathima Bayisetty DDS	Board Member	0.25	Director	$0	$0	$0
Vijay Bhatt	Board Member	0.25	Director	$0	$0	$0
Rosemarie Dykeman	Board Member	0.25	Director	$0	$0	$0
Sekondi Foster	Board Member	0.25	Director	$0	$0	$0
Alison C Madden MD	Board Member	0.25	Director	$0	$0	$0
Ed McDonough	Board Member	0.25	Director	$0	$0	$0
Joel Jaffe	Board Chair	0.25	Officer Director	$0	$0	$0
Rick Plante	Vice Chair	0.25	Officer Director	$0	$0	$0
Jared Freilich	Treasurer	0.25	Officer Director	$0	$0	$0
Vincent Chamberlain	Asst. Treasurer	0.25	Officer Director	$0	$0	$0
Trent Smith	Secretary (end 7/2024)	0.25	Officer Director	$0	$0	$0
Lanna Martin	Secretary (start 8/2024)	0.25	Officer Director	$0	$0	$0
Laurie Goguen	Asst. Secretary	0.25	Officer Director	$0	$0	$0
Henry Och	CEO	0.25	Officer	$0	$9,952	$294,320
Ana Pancine	CFO	0.25	Officer	$0	$52,195	$275,480
William Belecz	COO	0.25	Key Emp	$0	$42,982	$283,170

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	$524,188	$326,871	$927,670	$197,317
2024	$378,603	$242,353	$825,853	$136,250
2023	$334,373	$243,669	$826,331	$90,704
2022	$308,336	$240,585	$871,383	$67,751
2021	$213,227	$187,375	$854,211	$25,852
2020	$123,632	$143,485	$250,109	$-19,853
2019	$126,696	$191,313	$269,032	$-64,617
2018	$208,184	$206,696	$288,039	$1,488

Welcoming Light Inc