SOUTHEAST LIGHTHOUSE FOUNDATION (EIN 222933316) - 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

Robert Champagne-Willis

Phone

4014665009

Tax Period

2024-01-01 to 2024-12-31

SOUTHEAST LIGHTHOUSE FOUNDATION, founded in 1986, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $96K in total revenue in fiscal year 2024. Expenses of $235K exceeded revenue, resulting in a 145% operating deficit.

Mission

The Southeast Lighthouse Foundation preserves and protects the Southeast Lighthouse on Block Island, RI, a National Historic Landmark. We increase the community's knowledge and interest in the lighthouse and ensure access for educational and scientific purposes.

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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 $14,456

Program Service Revenue $57,618

Investment Income $986

Other Revenue $23,026

TOTAL REVENUE $96,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,461

Fundraising Expenses $0

Program Expenses $151,941

Other Expenses $135,979

TOTAL EXPENSES $235,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$96,086	$90,170	+0.1%
Expenses	$235,440	$216,737	+0.1%
Net Income	$-139,354	$-126,567	+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

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
Gerald F Abbott	President	5	Officer Director	$0	$0	$0
Pamela L Gasner	Vice-President	2	Officer Director	$0	$0	$0
Eliot Nurenberg	Secretary	1	Officer Director	$0	$0	$0
Robert Champagne-Willis	Treasurer	5	Officer Director	$0	$0	$0
Martha Ball	Director	1	Director	$0	$0	$0
Daniel McLaughlin	Director	1	Director	$0	$0	$0
Sarah Dangelas	Director	1	Director	$0	$0	$0
Allison Dodge	Director	1	Director	$0	$0	$0
Dorothy Findlay	Director	1	Director	$0	$0	$0
Carmen Castellanos	Director	1	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	$96,086	$235,440	$3,510,125	$-139,354
2023	$90,170	$216,737	$3,649,479	$-126,567
2022	$268,960	$209,191	$3,776,046	$59,769
2021	$211,692	$191,884	$3,408,977	$19,808
2020	$203,855	$132,900	$3,399,440	$70,955

SOUTHEAST LIGHTHOUSE FOUNDATION