TIBBETTS POINT LIGHTHOUSE HISTORIC… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

TOM SCHAMERHORN

Phone

5856444386

Tax Period

2024-10-01 to 2025-09-30

TIBBETTS POINT LIGHTHOUSE HISTORICAL SOCIETY INC, founded in 1984, is a micro nonprofit that reported $52K in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $29K, a strong 55% operating margin.

Mission

MUSEUM OF LIGHTHOUSE AND MARINE ARTIFACTS

Program Service Accomplishments

Program 1

Expenses: $23,312 Revenue: $52,317

OPERATE MUSEUM OF LIGHTHOUSE AND MARINE ARTIFACTS AS WELL AS REPAIRS AND MAINTENANCE OF LIGHTHOUSE, FOG HORN AND BUILDINGS

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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 (2024)

Revenue Breakdown

Contributions & Grants $23,232

Program Service Revenue $0

Investment Income $3,859

Other Revenue $25,226

TOTAL REVENUE $52,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,312

Other Expenses $23,312

TOTAL EXPENSES $23,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,317	$28,577	+0.8%
Expenses	$23,312	$20,499	+0.1%
Net Income	$29,005	$8,078	+2.6%

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

N/A

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
MIKE MUNROE	DIRECTOR	006.00	Director	$0	$0	$0
MIKE COUGLER	PRESIDENT	006.00	Officer Director	$0	$0	$0
REBECCA FREELAND	SECRETARY	006.00	Officer Director	$0	$0	$0
TOM SCHAMERHORN	TREASURER	007.00	Officer Director	$0	$0	$0
MARY FARRELL	DIRECTOR	004.00	Director	$0	$0	$0
GLEN FRITZ	VP	004.00	Officer Director	$0	$0	$0
JOHN TUCKER	DIRECTOR -emeritus	004.00	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
2025	$52,317	$23,312	$298,252	$29,005
2024	$28,577	$20,499	$266,828	$8,078
2023	$30,101	$17,585	$258,553	$12,516
2022	$31,273	$14,000	$248,375	$17,273
2021	$23,717	$15,048	$228,892	$8,669
2019	$21,882	$12,594	$215,873	$9,288

TIBBETTS POINT LIGHTHOUSE HISTORICAL SOCIETY INC