LIGHTHOUSE WORSHIP CENTER CHURCHES

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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

2009

Legal Domicile

Principal Officer

TRACY DEVOLT

Phone

6308975483

Tax Period

2020-01-01 to 2020-12-31

LIGHTHOUSE WORSHIP CENTER CHURCHES, founded in 2009, is a small nonprofit in the Religion sector that reported $206K in total revenue in fiscal year 2020. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $195K left a modest 5% surplus.

Mission

Our mission at Lighthouse Worship Center Churches is to bring hope to the community by bringing people into the light of the knowledge of God, through Jesus Christ. Once they come in the light, it is our continues mission to teach, guide, and equip them to manifest God's light, impacting the world around them through love for the Glory of God.

Program Service Accomplishments

Program 1

Expenses: $194,504 Revenue: $205,752

Lighthouse Worship Center Churches host Christian gatherings weekly for the purpose of worship, fellowship, Christian discipleship, and community impact. Therse services are financially supported by the members of Lighthouse Worship Center through tithes and offerings. There are no large program services outside of our regular weekly services such as Sunday Worship, Bible Study, weekly prayer, and bible training.

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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 (2020)

Revenue Breakdown

Contributions & Grants $205,752

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $205,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,218

Fundraising Expenses $0

Program Expenses $194,504

Other Expenses $163,286

TOTAL EXPENSES $194,504

Year-over-Year Comparison

	2020	2019	Change
Revenue	$205,752	$187,959	+0.1%
Expenses	$194,504	$192,370	+0.0%
Net Income	$11,248	$-4,411	-3.5%

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

N/A

Employees

N/A

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

$12,251

Total Directors

Key Employees

$12,527

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY DEVOLT	SENIOR PASTOR	20	Officer	$11,375	$0	$11,375
STEVEN JOHNSON	MUSICIAN	5	Key Emp	$9,951	$0	$9,951
ARIK COGGINS	MUSICIAN/CUSTODIAN	3	Key Emp	$1,851	$0	$1,851
BETOYNAJI JONES	MUSICIAN	5	Key Emp	$725	$0	$725
JOY JOHNSON	ADMIN	1	Officer	$0	$401	$401
REESHEMA WOOD	ELDER	1	Officer	$0	$325	$325
TOUSSAINT SMITH	ELDER	1	Officer	$0	$150	$150
LEKETHA WADE	ELDER	1	Officer	$0	$0	$0
MARSHA DEVOLT	TREASURER	1	Officer	$0	$0	$0
TAMILLA HINTON	ADMIN	1	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
2020	$205,752	$194,504	$33,337	$11,248