FRIENDS OF SAKONNET LIGHTHOUSE INC (EIN 222559874) - 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

1984

Legal Domicile

Phone

6177951875

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF SAKONNET LIGHTHOUSE INC, founded in 1984, is a small nonprofit that reported $130K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $99K, a strong 76% operating margin.

Mission

TO RESTORE AND MAINTAIN SAKONNET LIGHTHOUSE.

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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 $71,568

Program Service Revenue $0

Investment Income $19,989

Other Revenue $38,377

TOTAL REVENUE $129,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,500

Other Expenses $31,356

TOTAL EXPENSES $31,356

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,934	$114,710	+0.1%
Expenses	$31,356	$84,069	-0.6%
Net Income	$98,578	$30,641	+2.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD BACKLUND	Director	0.05	Director	$0	$0	$0
RICHARD BORDEAU	Director	0.05	Director	$0	$0	$0
MURRAY DANFORTH III	Director	0.05	Director	$0	$0	$0
CHARLES DUNN	Director	0.05	Director	$0	$0	$0
KEVIN CALLAGHAN	Director	0.05	Director	$0	$0	$0
JC CHANDOR	Director	0.05	Director	$0	$0	$0
DAVID HAFFENREFFER	Director	0.05	Director	$0	$0	$0
Myles Arkins	Director	0.05	Director	$0	$0	$0
Carol Gregory	Director	0.05	Director	$0	$0	$0
WILLIAM MACKINTOSH	Director	0.05	Director	$0	$0	$0
Bunny Millikin	Director	0.05	Director	$0	$0	$0
Valerie Thayer	Director	0.05	Director	$0	$0	$0
RALPH WATSON	Director	0.05	Director	$0	$0	$0
TED TRUSCOTT	Director	0.05	Director	$0	$0	$0
ARTHUR LEWIS	Director	0.05	Director	$0	$0	$0
THOMAS BUFFUM JR	Director	0.05	Director	$0	$0	$0
WILLIAM NIGHTINGALE	Director	0.05	Director	$0	$0	$0
SCOTT BROWN	President	0.05	Director	$0	$0	$0
A MICHAEL STEERS	Vice President	0.05	Director	$0	$0	$0
NANCY CLARK	Director	0.05	Director	$0	$0	$0
LISA LYONS BRADLEY	Director	0.05	Director	$0	$0	$0
PAUL CISSEL	Director	0.05	Director	$0	$0	$0
GARY SIMON	Director	0.05	Director	$0	$0	$0
DAVID WAGNER	Director	0.05	Director	$0	$0	$0
BETH WRIGHT	Director	0.05	Director	$0	$0	$0
Andrew Cavanagh	Vice President	0.05	Officer	$0	$0	$0
CARLOTA TAYLOR	Secretary	0.05	Officer	$0	$0	$0
BEN DAWSON	Vice President	0.05	Officer	$0	$0	$0
DAVID BORDEAU	Treasurer	0.25	Officer	$0	$0	$0
NICHOLAS M KELLEY	Vice President	0.05	Officer	$0	$0	$0
DAVID OSBORN	President	0.25	Officer	$0	$0	$0
SEAN NIGHTINGALE	Vice President	0.05	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
2024	$129,934	$31,356	$1,883,595	$98,578
2023	$114,710	$84,069	$1,619,425	$30,641
2022	$87,123	$14,083	$1,444,960	$73,040
2021	$86,454	$46,421	$1,541,469	$40,033
2020	$55,956	$23,878	$1,264,515	$32,078
2019	$42,656	$23,946	$1,111,163	$18,710
2018	$59,982	$49,871	$937,324	$10,111

FRIENDS OF SAKONNET LIGHTHOUSE INC