Friends of Plum Beach Lighthouse Inc (EIN 223021282) - 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

1989

Legal Domicile

Principal Officer

David Zapatka

Phone

4016266362

Tax Period

2020-01-01 to 2020-12-31

Friends of Plum Beach Lighthouse Inc, founded in 1989, is a micro nonprofit that reported $44K in total revenue in fiscal year 2020. Revenue surged 276% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27K, a strong 60% operating margin.

Mission

Preserve and protect the Plum Beach Lighthouse for charitable and educational purposes. Clean and maintain the lighthouse, enable it to operate as a navigational aide in Narragansett Bay. Use newsletter, website and other media to raise awareness and update the community on progress and historical impact.

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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 $35,383

Program Service Revenue $0

Investment Income $531

Other Revenue $8,501

TOTAL REVENUE $44,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,720

Other Expenses $17,737

TOTAL EXPENSES $17,737

Year-over-Year Comparison

	2020	2019	Change
Revenue	$44,415	$11,800	+2.8%
Expenses	$17,737	$16,098	+0.1%
Net Income	$26,678	$-4,298	-7.2%

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

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
Bruce Martin	Director	1.00	Director	$0	$0	$0
Robert Onosko	Director	1.00	Director	$0	$0	$0
Joan Onosko	Director	1.00	Director	$0	$0	$0
Keith Finck	Vice President	15.00	Officer	$0	$0	$0
David Zapatka	President	15.00	Officer	$0	$0	$0
Susan Hetrick	Secretary	4.00	Officer	$0	$0	$0
Cynthia Tully	Treasurer	4.00	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	$44,415	$17,737	$354,795	$26,678

Friends of Plum Beach Lighthouse Inc