Mukilteo Lighthouse Festival Association (EIN 200947463) - 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

2011

Legal Domicile

Principal Officer

megan reed

Phone

4253535516

Tax Period

2024-01-01 to 2024-12-31

Mukilteo Lighthouse Festival Association, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $232K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $219K left a modest 6% surplus.

Mission

Produces the mukilteo lighthouse festival which promotes unity in the community partnering individuals, businesses, and non-profit organizations.

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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 $69,795

Program Service Revenue $161,965

Investment Income $0

Other Revenue $0

TOTAL REVENUE $231,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,509

Fundraising Expenses $0

Program Expenses $201,559

Other Expenses $216,045

TOTAL EXPENSES $218,554

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,760	$162,796	+0.4%
Expenses	$218,554	$146,408	+0.5%
Net Income	$13,206	$16,388	-0.2%

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

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
megan reed	President	15.00	Officer Director	$0	$0	$0
debbie day-carpenter	Vice President	2.00	Officer Director	$0	$0	$0
matt hill	Director	1.00	Director	$0	$0	$0
christopher summitt	Director	1.00	Director	$0	$0	$0
robin sharma	Secretary	2.00	Officer Director	$0	$0	$0
george safadago	Director	1.00	Director	$0	$0	$0
kattrina cervantes	Treasurer	5.00	Officer Director	$0	$0	$0
michelle mitsuuchi-stork	Director	2.00	Director	$0	$0	$0
donna romesburg	Director	2.00	Director	$0	$0	$0
paula costner	Director	5.00	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	No data	No data	No data	No data
2024	$231,760	$218,554	$93,909	$13,206
2023	$162,796	$146,408	$80,703	$16,388
2022	$210,075	$195,874	$64,315	$14,201
2021	$138,954	$98,622	$50,114	$40,332

Mukilteo Lighthouse Festival Association