LIGHTHOUSE SCHOOL INC (EIN 042939326) - 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

1986

Legal Domicile

Principal Officer

DR SCOTT BARTIS

Phone

9782514050

Tax Period

2023-07-01 to 2024-06-30

LIGHTHOUSE SCHOOL INC, founded in 1986, is a mid-sized nonprofit in the Education sector that reported $27.9M in total revenue in fiscal year 2023. Expenses of $24.4M left a modest 13% surplus.

Mission

LIGHTHOUSE SCHOOL IS COMMITTED TO UPHOLDING, PROTECTING AND ADVANCING THE BEST, LONG-TERM INTEREST(S) OF CHILDREN IN ALL OF ITS POLICY DEVELOPMENT AND SERVICE DELIVERY SYSTEMS. LIGHTHOUSE SCHOOL DOES THIS BY MAINTAINING A VERY POSITIVE, SUPPORTIVE AND GROWTH-ORIENTED CULTURE FOR ALL STAFF AND THEREBY MAXIMIZING THEIR MOTIVATION TO DIRECTLY AND INDIRECTLY PROVIDE THE HIGHEST QUALITY OF COMPREHENSIVE BIOEDUCATIONAL SERVICES POSSIBLE TO AS MANY CHILDREN WHO COULD PRACTICALLY BENEFIT FROM THESE SERVICES.

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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 $5,150

Program Service Revenue $27,620,254

Investment Income $314,907

Other Revenue $0

TOTAL REVENUE $27,940,311

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,274,265

Fundraising Expenses $0

Program Expenses $22,476,547

Other Expenses $3,092,224

TOTAL EXPENSES $24,366,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,940,311	$27,480,871	+0.0%
Expenses	$24,366,489	$23,399,707	+0.0%
Net Income	$3,573,822	$4,081,164	-0.1%

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

217

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

$958,569

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC DESCOTEAUX	PRESIDENT/CHAIRMAN (UNTIL OCT. 2023)	5.00	Officer Director	$0	$0	$0
ALBERT JUSSAUME	TREASURER/DIRECTOR	5.00	Officer Director	$0	$0	$0
EDWARD VITIELLO	CLERK/DIRECTOR	5.00	Officer Director	$0	$0	$0
WILLIAM LOGAN	ACTING CHAIR/DIRECTOR	5.00	Officer Director	$0	$0	$0
STEVEN STROMVALL	DIRECTOR	5.00	Director	$0	$0	$0
SUZANNE GRECCO	CHIEF FINANCIAL OFFICER	50.00	Officer	$235,859	$115,701	$351,560
DR SCOTT BARTIS	CHIEF EXECUTIVE OFFICER	50.00	Officer	$243,444	$116,290	$359,734
DOROTHY PEPIN	CHIEF ADMINISTRATION OFFICER	50.00	Officer	$195,266	$52,009	$247,275
DR MICHAEL PAPPAFAGOS	PROGRAM ADVISOR / FORMER CEO	50.00	Highest	$213,862	$118,681	$332,543
EMILY HACK	DIR. PROGRAM DEVELOPMENT	50.00	Highest	$185,677	$81,317	$266,994
JOHN TARMEY	DIR. PROGRAM SERVICES	50.00	Highest	$191,833	$32,353	$224,186
PETER LANG	ASSOCIATE DIR. PROGRAM SERVICES	50.00	Highest	$163,603	$78,620	$242,223
ANNA FITZGERALD	DIR. CLINICAL SERVICES	50.00	Highest	$156,405	$45,936	$202,341

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	$27,940,311	$24,366,489	$34,639,068	$3,573,822
2023	$27,480,871	$23,399,707	$21,560,723	$4,081,164
2022	$24,499,740	$23,700,524	$15,751,815	$799,216
2021	$19,533,369	$20,649,929	$16,007,925	$-1,116,560
2020	$21,230,340	$20,003,412	$20,710,750	$1,226,928
2019	$18,282,035	$18,651,169	$14,821,016	$-369,134

LIGHTHOUSE SCHOOL INC