LIGHTHOUSE ACADEMIES OF ARKANSAS I… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

LIGHTHOUSE ACADEMIES OF ARKANSAS INC, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $13.5M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $2.1M, a strong 15% operating margin.

Mission

FOR STUDENTS TO BE TAUGHT BY HIGHLY EFFECTIVE TEACHERS IN A NUTURING ENVIRONMENT AND ACHIEVE AT HIGH LEVELS. EACH STUDENT WILL DEVELOP KNOWLEDGE, SKILLS AND VALUES NECESSARY FOR RESPONSIBLE CITIZENSHIP AND LIFE LONG LEARNING.

Program Service Accomplishments

Program 1

Expenses: $10,529,697

PREPARATION OF STUDENTS THROUGH RIGOROUS PROGRAMS THAT PROVIDES A FOUNDATION THAT WILL ALLOW THE STUDENTS TO SUCCEED IN AND GRADUATE FROM COLLEGE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,496,587

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $13,496,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,465,383

Fundraising Expenses $0

Program Expenses $10,529,697

Other Expenses $4,943,457

TOTAL EXPENSES $11,408,840

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,496,587	$16,298,348	-0.2%
Expenses	$11,408,840	$15,331,165	-0.3%
Net Income	$2,087,747	$967,183	+1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

104

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
GEORGE PARKS JR	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
RICHARD MOSS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
TIMOTHY LEDFORD	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JODY BERGSTROM	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
VONYSHA GOODWIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
RESHONDA WALKER	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
HEMA PATEL	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
LASHAWNDA NOEL	CEOSUPERINTENDENT	45.00	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
2024	$13,496,587	$11,408,840	$4,215,989	$2,087,747
2023	$16,298,348	$15,331,165	$2,168,718	$967,183
2022	$18,301,867	$19,659,534	$582,799	$-1,357,667
2020	$8,751,875	$7,640,334	$1,990,472	$1,111,541
2019	$8,937,101	$9,539,141	$882,369	$-602,040
2018	$8,720,872	$8,091,049	$1,481,667	$629,823

LIGHTHOUSE ACADEMIES OF ARKANSAS INC