Cuckolds Fog Signal and Light Stat… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

Paul Coulombe

Phone

2077752387

Tax Period

2020-01-01 to 2020-12-31

Cuckolds Fog Signal and Light Station Council, founded in 2005, is a micro nonprofit that reported $32K in total revenue in fiscal year 2020. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $179K exceeded revenue, resulting in a 460% operating deficit.

Mission

The Cuckolds Fog Signal is a volunteer-led initiative to stabilize, rebuild, and restore the light station. It serves as the front porch light for the Boothbay Region.

Program Service Accomplishments

Program 1

Expenses: $179,356 Revenue: $0

The Inn at Cuckolds Lighthouse is no longer available to overnight guests. The lighthouse remians available to the public but visitors to the island do so on their own. Volunteers still help maintain and protect the island and light station to ensure the historic property is a delight to see from the mainland, the ocean, or the island.

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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 (2020)

Revenue Breakdown

Contributions & Grants $32,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $32,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $179,356

Other Expenses $179,356

TOTAL EXPENSES $179,356

Year-over-Year Comparison

	2020	2019	Change
Revenue	$32,000	$111,553	-0.7%
Expenses	$179,356	$326,265	-0.5%
Net Income	$-147,356	$-214,712	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Coulombe	President	0.50	Officer Director	$0	$0	$0
Janet Reingold	Vice President	0.50	Officer Director	$0	$0	$0
Philip Yasinski	Vice President	0.50	Officer Director	$0	$0	$0
Steven Richardson Esq	Secretary	0.50	Officer Director	$0	$0	$0
Marion Mundy	Board Member	0.50	Director	$0	$0	$0
Harrison Cal Buxton	Treasurer	0.50	Officer	$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
2020	$32,000	$179,356	$2,674,940	$-147,356
2019	$111,553	$326,265	$2,795,630	$-214,712
2018	$220,029	$301,590	$3,010,427	$-81,561

Cuckolds Fog Signal and Light Station Council