PROJECT GURNET & BUG LIGHTS INC (EIN 042797177) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

DOLLY BICKNELL

Phone

7819562042

Tax Period

2023-01-01 to 2023-12-31

PROJECT GURNET & BUG LIGHTS INC is a 501(c)(3) with EIN 042797177, based in DUXBURY, MA. Founded in 1984, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $85,522 in total revenue and $70,958 in total expenses, with net assets of $993,405.

Mission

PRESERVATION, MAINTENANCE AND RESTORATION OF PLYMOUTH LIGHT STATION (GURNET LIGHT AND KEEPERS COTTAGE) AND DUXBURY PIER LIGHT (BUG LIGHT)

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $54,013

Program Service Revenue $16,850

Investment Income $14,659

Other Revenue $0

TOTAL REVENUE $85,522

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,366

Fundraising Expenses $1,999

Program Expenses $40,861

Other Expenses $66,592

TOTAL EXPENSES $70,958

Year-over-Year Comparison

	2023	2022	Change
Revenue	$85,522	$88,018	0.0%
Expenses	$70,958	$41,750	+0.7%
Net Income	$14,564	$46,268	-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

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
N/A	PRESIDENT/CLERK	30.00	Officer	$0	$0	$0
N/A	VICE PRESIDENT	30.00	Officer	$0	$0	$0
N/A	ASST VP	10.00	Officer	$0	$0	$0
N/A	DIRECTOR	10.00	Director	$0	$0	$0
N/A	ASST VP	10.00	Officer	$0	$0	$0
N/A	DIRECTOR	5.00	Director	$0	$0	$0
N/A	DIRECTOR	5.00	Director	$0	$0	$0
N/A	CLERK	5.00	Director	$0	$0	$0
N/A	TREASURER	5.00	Officer	$0	$0	$0
N/A	ASST VP	5.00	Officer	$0	$0	$0
N/A	DIRECTOR	5.00	Director	$0	$0	$0
N/A	DIRECTOR	5.00	Director	$0	$0	$0
N/A	DIRECTOR	5.00	Director	$0	$0	$0
N/A	DIRECTOR	5.00	Director	$0	$0	$0
N/A	DIRECTOR	5.00	Director	$0	$0	$0
N/A	DIRECTOR	5.00	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	$85,522	$70,958	$1,001,758	$14,564
2022	$88,018	$41,750	$1,002,709	$46,268
2021	$80,154	$54,780	$957,191	$25,374
2020	$30,070	$43,104	$933,916	$-13,034
2019	$146,997	$73,515	$937,631	$73,482

PROJECT GURNET & BUG LIGHTS INC