LITE HOUSE PARTNERS INC

EIN: 201396670 501(c)(3) Education

RIVERDALE, GA

Total Revenue
$185,332
Total Expenses
$168,222
Total Assets
$71,433
Net Assets
$71,433
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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
2004
Legal Domicile
GA
Principal Officer
MELVIN MORRIS
Phone
7709686906
Tax Period
2023-01-01 to 2023-12-31

LITE HOUSE PARTNERS INC, founded in 2004, is a small nonprofit in the Education sector that reported $185K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $168K left a modest 9% surplus.

Mission

DAYCARE CENTER MANAGEMENT IN LOW INCOME HOUSING

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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 $0
Program Service Revenue $185,332
Investment Income $0
Other Revenue $0
TOTAL REVENUE $185,332

Expense Breakdown

Grants Paid $0
Salaries & Benefits $86,926
Fundraising Expenses $0
Program Expenses $136,484
Other Expenses $81,296
TOTAL EXPENSES $168,222

Year-over-Year Comparison

2023 2022 Change
Revenue $185,332 $206,332 -0.1%
Expenses $168,222 $191,647 -0.1%
Net Income $17,110 $14,685 +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

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Governance

Voting Members
4
Independent Members
3
Employees
18
Volunteers
2

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
4
$183
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM WADE CEO 1.00
Officer Director
$0 $0 $0
MARK TIFFANY CFO 1.00
Officer Director
$0 $0 $0
KENNETH RUFFIN SECRETARY 1.00
Officer Director
$0 $0 $0
MELVIN MORRIS EXECUTIVE DIRECTOR 30.00
Officer
$183 $0 $183
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
2023 $185,332 $168,222 $71,433 $17,110
2022 $206,332 $191,647 $54,323 $14,685
2021 $256,500 $315,405 $39,638 $-58,905
2020 $254,631 $214,353 $98,541 $40,278
2019 $571,684 $643,454 $58,263 $-71,770
2018 $626,533 $607,366 $130,033 $19,167
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