Searchlight (EIN 204668113) - 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

2006

Legal Domicile

Principal Officer

Jon Courson

Phone

5418999577

Tax Period

2025-01-01 to 2025-12-31

Searchlight, founded in 2006, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2025. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $596K, a strong 49% operating margin.

Mission

Proclaim the Gospel of Jesus Christ Distribute Bible teachings via the internet and radio Provide prayer and support as needed

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,127,149

Program Service Revenue $0

Investment Income $91,523

Other Revenue $7,962

TOTAL REVENUE $1,226,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,097

Fundraising Expenses $0

Program Expenses $556,108

Other Expenses $461,844

TOTAL EXPENSES $630,941

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,226,634	$1,019,909	+0.2%
Expenses	$630,941	$798,742	-0.2%
Net Income	$595,693	$221,167	+1.7%

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

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

$132,000

Total Directors

$132,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON COURSON	President	40.00	Officer Director	$132,000	$0	$132,000
BOB THORNLEY	Business Manager	40.00		$131,000	$0	$131,000
TAMMY COURSON	Director	0.00	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	$1,226,634	$630,941	$2,823,688	$595,693
2024	$1,019,909	$798,742	$2,227,995	$221,167
2023	$797,538	$746,404	$2,006,628	$51,134
2022	$833,339	$695,317	$1,955,494	$138,022
2021	$1,084,584	$697,210	$1,817,472	$387,374
2020	$988,384	$666,718	$1,430,098	$321,666

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