Cohasset Lightkeepers Corporation (EIN 043140898) - 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

1992

Legal Domicile

Principal Officer

Jack DeLorenzo

Phone

7813831433

Tax Period

2023-01-01 to 2023-12-31

Cohasset Lightkeepers Corporation, founded in 1992, is a micro nonprofit in the Environment sector that reported $68K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $30K, a strong 44% operating margin.

Mission

Renovation, Maintenance & Operation of a Muncipal owned Historical Building for Public use.

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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 $0

Program Service Revenue $46,395

Investment Income $2,638

Other Revenue $19,422

TOTAL REVENUE $68,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,239

Fundraising Expenses $0

Program Expenses $35,172

Other Expenses $36,997

TOTAL EXPENSES $38,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,455	$57,266	+0.2%
Expenses	$38,236	$46,064	-0.2%
Net Income	$30,219	$11,202	+1.7%

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

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
Richard J Avery	Director	1.00	Director	$0	$0	$0
Timothy Burnieika	Director	1.00	Director	$0	$0	$0
Dan Evans	Director	1.00	Director	$0	$0	$0
Ernest J Grassey	Director	3.00	Director	$0	$0	$0
Martha Horsefield	Director	1.00	Director	$0	$0	$0
Sean Kenealy	Director	1.00	Director	$0	$0	$0
Therese Lincoln	Director	1.00	Director	$0	$0	$0
Samuel Wakeman	Director	1.00	Director	$0	$0	$0
Don Conetta	Director	1.00	Director	$0	$0	$0
Norma Grassey	Hon Director	3.00	Director	$0	$0	$0
Mary Burnieika	Treasurer	3.00	Officer	$0	$0	$0
Mary Burnieika	Secretary	3.00	Officer	$0	$0	$0
Jack DeLorenzo	President	5.00	Officer	$0	$0	$0
Patrick Plante	Vice President	2.00	Officer	$0	$0	$0
Joe McElroy	Hon President	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$68,455	$38,236	$168,290	$30,219
2022	$57,266	$46,064	$123,777	$11,202
2021	$53,441	$23,452	$134,398	$29,989
2020	$27,785	$37,103	$94,251	$-9,318
2019	$37,035	$52,430	$84,411	$-15,395
2018	$45,445	$55,252	$88,717	$-9,807

Cohasset Lightkeepers Corporation