Rose Island Lighthouse and Fort Hamilton Trust Inc

EIN: 050416357 501(c)(3) Arts, Culture & Humanities

Newport, RI

Total Revenue
$312,739
Total Expenses
$307,821
Total Assets
$1,717,818
Net Assets
$1,495,821
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
RI
Principal Officer
Sean O'Connor
Phone
4018474242
Tax Period
2023-01-01 to 2023-12-31

Rose Island Lighthouse and Fort Hamilton Trust Inc, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $313K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Net assets of $1.5M represent 57 months of operating reserves.

Mission

The Rose Island Lighthouse and Fort Hamilton Trust is a not-for-profit corporation whose mission is to preserve the historic and environmental integrity of Rose Island. It operates to maintain and preserve the Rose Island Lighthouse as a historic monument, to provide education and public access for all people, and to preserve the surrounding grounds of the island as a natural habitat.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $45,408
Program Service Revenue $225,385
Investment Income $363
Other Revenue $41,583
TOTAL REVENUE $312,739

Expense Breakdown

Grants Paid $0
Salaries & Benefits $135,444
Fundraising Expenses $8,315
Program Expenses $228,901
Other Expenses $172,377
TOTAL EXPENSES $307,821

Year-over-Year Comparison

2023 2022 Change
Revenue $312,739 $581,833 -0.5%
Expenses $307,821 $233,235 +0.3%
Net Income $4,918 $348,598 -1.0%
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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Governance

Voting Members
9
Independent Members
9
Employees
10
Volunteers
75

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
3
$42,279
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa Morrison President 1.00
Officer Director
$0 $0 $0
Eli Dana Vice President 1.00
Officer Director
$0 $0 $0
Ally Maloney Director 0.50
Director
$0 $0 $0
Katherine Abbott Director 0.50
Director
$0 $0 $0
Alexandra Marcaccio Director 1.00
Director
$0 $0 $0
Gina Marie Manoni Director 1.00
Director
$0 $0 $0
Jennifer Thum Director 1.00
Director
$0 $0 $0
John Russell Director 1.00
Director
$0 $0 $0
Ryan Patrick Kelley Director 1.00
Director
$0 $0 $0
Sean O'Connor Executive Director 35.00
Officer
$0 $0 $42,279
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 $312,739 $307,821 $1,717,818 $4,918
2022 $581,833 $233,235 $1,777,877 $348,598
2021 $200,019 $307,380 $1,596,234 $-107,361
2020 $91,634 $283,622 $1,606,046 $-191,988
2019 $306,660 $309,814 $1,600,987 $-3,154
2018 $273,626 $327,778 $1,673,265 $-54,152
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