THE LIGHTHOUSE VOC-ED CENTER INC (EIN 061352951) - 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

KASSIDY BROWN

Phone

8604457626

Tax Period

2023-07-01 to 2024-06-30

THE LIGHTHOUSE VOC-ED CENTER INC, founded in 1992, is a community nonprofit in the Human Services sector that reported $7.3M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 25% operating margin.

Mission

TO EDUCATE AND PREPARE CHILDREN AND ADULTS WITH DISABILITIES FOR LIFE.

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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 $1,949,173

Program Service Revenue $4,736,939

Investment Income $614,501

Other Revenue $33,345

TOTAL REVENUE $7,333,958

Expense Breakdown

Grants Paid $2,267

Salaries & Benefits $3,649,710

Fundraising Expenses $7,211

Program Expenses $4,816,560

Other Expenses $1,816,095

TOTAL EXPENSES $5,468,072

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,333,958	$5,358,724	+0.4%
Expenses	$5,468,072	$4,803,605	+0.1%
Net Income	$1,865,886	$555,119	+2.4%

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

116

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

$125,890

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY WATSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
CATHERINE BATES	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
JEREMY DOYLE	TREASURER	2.00	Officer Director	$0	$0	$0
JUDI HAUCK	SECRETARY	2.00	Officer Director	$0	$0	$0
DIANA BUSCETTO	DIRECTOR, THRU 06/04/2024	1.00	Director	$0	$0	$0
PAMELA GRACY	DIRECTOR, THRU 05/2024	1.00	Director	$0	$0	$0
ROBIN GREER	DIRECTOR	1.00	Director	$0	$0	$0
PAT MARTIN	DIRECTOR, THRU 05/2024	1.00	Director	$0	$0	$0
MARK ROGOZINSKI	DIRECTOR	1.00	Director	$0	$0	$0
MARYELLEN SOLINSKY	DIRECTOR	1.00	Director	$0	$0	$0
ANNA STALEY	DIRECTOR	1.00	Director	$0	$0	$0
KASSIDY BROWN	EXECUTIVE DIRECTOR	40.00	Officer	$122,188	$3,702	$125,890
JULIE HILL	DIRECTOR	40.00	Highest	$104,573	$3,328	$107,901

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	$7,333,958	$5,468,072	$8,723,526	$1,865,886
2023	$5,358,724	$4,803,605	$6,924,446	$555,119
2022	$4,166,770	$3,982,066	$5,117,725	$184,704
2021	$4,077,899	$3,326,284	$4,389,778	$751,615
2020	$3,614,969	$2,793,886	$3,953,234	$821,083
2019	$2,926,592	$2,855,878	$2,540,216	$70,714
2018	$2,929,360	$2,853,363	$1,936,598	$75,997

THE LIGHTHOUSE VOC-ED CENTER INC