WATCH HILL LIGHTHOUSE KEEPERS ASSOC

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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

PETER MCCORMICK

Tax Period

2024-01-01 to 2024-12-31

WATCH HILL LIGHTHOUSE KEEPERS ASSOC, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 271% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 90% operating margin.

Mission

TO PRESERVE, PROTECT AND MAINTAIN THE LIGHTHOUSE PROPERTY AND MUSEUM, A NATIONAL HISTORIC LANDMARK.

Program Service Accomplishments

Program 1

Expenses: $175,846

TO PRESERVE, PROTECT AND MAINTAIN THE LIGHTHOUSE PROPERTY ( A FUNCTIONING LIGHTHOUSE AND 4 ACRES OF LAND) AND MUSEUM, A NATIONAL HISTORIC LANDMARK. TO PRESERVE AND OPERATE IT AS AN HISTORICAL SITE...

TO PRESERVE, PROTECT AND MAINTAIN THE LIGHTHOUSE PROPERTY ( A FUNCTIONING LIGHTHOUSE AND 4 ACRES OF LAND) AND MUSEUM, A NATIONAL HISTORIC LANDMARK. TO PRESERVE AND OPERATE IT AS AN HISTORICAL SITE DATING FROM 1806. TO OFFER EDUCATIONAL, HISTORIC, RECREATIONAL AND CULTURAL PROGRAMS OPEN TO, AND FOR THE BENEFIT OF, THE GENERAL PUBLIC.

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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 $1,999,630

Program Service Revenue $0

Investment Income $66,567

Other Revenue $-20,479

TOTAL REVENUE $2,045,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,899

Fundraising Expenses $4,214

Program Expenses $175,846

Other Expenses $183,623

TOTAL EXPENSES $210,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,045,718	$551,946	+2.7%
Expenses	$210,522	$135,786	+0.6%
Net Income	$1,835,196	$416,160	+3.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW BARBER	PRESIDENT	5.00	Officer Director	$0	$0	$0
BETTY-JO CUGINI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DARAS	DIRECTOR	1.00	Director	$0	$0	$0
JB DAUKAS	DIRECTOR	1.00	Director	$0	$0	$0
T WILSON EGLIN	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
SARAH EMANUEL	DIRECTOR	1.00	Director	$0	$0	$0
ANN SNOWDEN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BEAUMONT LETT	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH MASTERSON	DIRECTOR	1.00	Director	$0	$0	$0
PETER MCCORMICK	TREASURER	3.00	Officer Director	$0	$0	$0
LISA MCGILL	DIRECTOR	1.00	Director	$0	$0	$0
GILBERT MENNA	DIRECTOR	1.00	Director	$0	$0	$0
PETER L RENEHAN	DIRECTOR	1.00	Director	$0	$0	$0
AARON SIMMONS	SECRETARY	2.00	Officer 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	No data	No data	No data	No data
2024	$2,045,718	$210,522	$4,025,520	$1,835,196
2023	$450,946	$127,116	$1,872,376	$323,830
2022	$112,979	$151,444	$1,495,180	$-38,465
2021	$151,701	$95,587	$1,622,179	$56,114
2020	$172,345	$138,888	$1,396,357	$33,457
2019	$63,921	$69,699	$1,253,655	$-5,778
2018	$117,052	$91,189	$1,116,575	$25,863