LANTERN LIGHT INC (EIN 204769645) - 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

DANIEL MCCORMICK

Phone

5042735573

Tax Period

2025-01-01 to 2025-12-31

LANTERN LIGHT INC, founded in 2006, is a small nonprofit in the Human Services sector that reported $240K in total revenue in fiscal year 2025. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $364K exceeded revenue, resulting in a 51% operating deficit.

Mission

PROVIDING A PLACE OF PEACE, SUPPORT, AND ENCOURAGEMENT TO THE WORKING POOR AND HOMELESS, IN DOWNTOWN NEW ORLEANS AS THEY REBUILD THEIR LIVES.

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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 $162,044

Program Service Revenue $0

Investment Income $27,557

Other Revenue $50,827

TOTAL REVENUE $240,428

Expense Breakdown

Grants Paid $15,477

Salaries & Benefits $167,235

Fundraising Expenses $0

Program Expenses $239,507

Other Expenses $180,935

TOTAL EXPENSES $363,647

Year-over-Year Comparison

	2025	2024	Change
Revenue	$240,428	$194,804	+0.2%
Expenses	$363,647	$325,862	+0.1%
Net Income	$-123,219	$-131,058	-0.1%

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

$74,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENITHA GROOMS-WILLIAMS	EXECUTIVE DI	40.00	Officer	$74,800	$0	$74,800
SR VERA BUTLER	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIEL MCCORMICK	CURRENT CHAI	2.00	Officer Director	$0	$0	$0
FATHER TONI RIGOLLI	BOARD MEMBER	2.00	Director	$0	$0	$0
DEACON ALLEN STEVENS	BOARD MEMBER	2.00	Director	$0	$0	$0
CHUCK STIEBING	TREASURER	2.00	Officer Director	$0	$0	$0
CONTRISSA SMITH	SECRETARY	2.00	Officer	$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	$240,428	$363,647	$1,086,346	$-123,219
2024	$194,804	$325,862	$1,180,379	$-131,058
2023	$211,657	$315,181	$1,287,487	$-103,524
2022	$242,158	$294,995	$1,396,855	$-52,837
2021	$223,406	$247,658	$1,525,492	$-24,252
2020	$283,019	$251,731	$1,602,442	$31,288
2019	$250,618	$278,725	$1,528,749	$-28,107

LANTERN LIGHT INC