THE SALT AND LIGHT COMPANY (EIN 222709739) - 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

1986

Legal Domicile

Principal Officer

KENT R PIPES

Phone

6092614571

Tax Period

2023-07-01 to 2024-06-30

THE SALT AND LIGHT COMPANY, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $6.1M in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 49% operating margin.

Mission

TO ASSIST OWER INCOME INDIVIDUALS AND FAMILIES IN SECURING DECENT AFFORDABLE HOUSING , PROVIDING SHELTER AND OTHER SERVICES TO THE HOMELESS AND OTHER COUNSELING AND 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 (2023)

Revenue Breakdown

Contributions & Grants $2,596,579

Program Service Revenue $2,644,550

Investment Income $824,505

Other Revenue $0

TOTAL REVENUE $6,065,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $969,569

Fundraising Expenses $0

Program Expenses $2,936,034

Other Expenses $2,121,499

TOTAL EXPENSES $3,091,068

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,065,634	$3,251,264	+0.9%
Expenses	$3,091,068	$2,784,317	+0.1%
Net Income	$2,974,566	$466,947	+5.4%

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

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

$105,545

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT PIPES	PRESIDENT	20.00	Officer	$105,545	$0	$105,545
MARK JORGENSEN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JANET BOWE-WHITE	TRUSTEE	2.00	Director	$0	$0	$0
LASHAWN BARBER	TRUSTEE	2.00	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
2024	$6,065,634	$3,091,068	$15,340,374	$2,974,566
2023	$3,251,264	$2,784,317	$12,018,480	$466,947
2022	$4,249,425	$2,633,626	$11,683,280	$1,615,799
2021	$3,131,870	$2,561,415	$10,632,859	$570,455
2018	$1,905,221	$2,351,150	$10,611,271	$-445,929

THE SALT AND LIGHT COMPANY