LIGHTHOUSE WORKS INC

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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

2010

Legal Domicile

Principal Officer

KALEB STUNKARD

Phone

4079822571

Tax Period

2023-10-01 to 2024-09-30

LIGHTHOUSE WORKS INC, founded in 2010, is a mid-sized nonprofit in the Human Services sector that reported $13.4M in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring.

Mission

EMPOWERMENT THROUGH EMPLOYMENT FOR BLIND OR VISUALLY IMPAIRED INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $12,727,853 Revenue: $13,413,516

LIGHTHOUSE WORKS PROVIDES COMPETITIVE, INTEGRATED EMPLOYMENT FROM CONTRACTS FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED. LIGHTHOUSE WORKS PROVIDED EMPLOYMENT TO 305 BLIND OR VISUALLY IMPAIRED...

LIGHTHOUSE WORKS PROVIDES COMPETITIVE, INTEGRATED EMPLOYMENT FROM CONTRACTS FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED. LIGHTHOUSE WORKS PROVIDED EMPLOYMENT TO 305 BLIND OR VISUALLY IMPAIRED PEOPLE ACROSS THE NATION, CREATING 336,360 HOURS OF LABOR FOR PEOPLE WITH VISUAL IMPAIRMENTS THROUGH EMPLOYMENT IN CONTACT CENTER SOLUTIONS, CONTRACT MANAGEMENT SERVICES, TECHNOLOGY SOLUTIONS, AND SUPPLY CHAIN SERVICES. NET PROFITS GENERATED FROM LIGHTHOUSE WORKS IS REDEPLOYED TO SUPPORT VISION REHABILITATION SERVICES AT LIGHTHOUSE CENTRAL FLORIDA AND TO EXPAND JOB CREATION AT LIGHTHOUSE WORKS.

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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 $43,696

Program Service Revenue $13,413,516

Investment Income $-22,194

Other Revenue $0

TOTAL REVENUE $13,435,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,259,349

Fundraising Expenses $0

Program Expenses $12,727,853

Other Expenses $4,869,031

TOTAL EXPENSES $14,128,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,435,018	$21,463,163	-0.4%
Expenses	$14,128,380	$20,565,584	-0.3%
Net Income	$-693,362	$897,579	-1.8%

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

612

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

$458,533

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN DEVINE	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ED BUCK	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SHARON FOLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
NANCY URBACH	TREASURER	1.00	Officer Director	$0	$0	$0
IKE AHMED	DIRECTOR (AS OF 4/24)	1.00	Director	$0	$0	$0
DAVE BALLESTEROS	DIRECTOR	2.00	Director	$0	$0	$0
DAVE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LEVINE	DIRECTOR	1.00	Director	$0	$0	$0
KATHY NGUYEN	DIRECTOR	1.00	Director	$0	$0	$0
KYLE JOHNSON	PRESIDENT & CEO	20.00	Officer	$0	$4,502	$154,559
KALEB STUNKARD	EVP/COO	20.00	Officer	$0	$19,491	$150,898
CHRISTINA CARRIER	VP OF FINANCE	20.00	Officer	$0	$31,181	$153,076
RYAN BROWN	VP OF OPERATIONS	20.00	Highest	$0	$20,204	$137,873
LANDON SMITH	ARMY CMS SUPERVISOR	40.00	Highest	$100,201	$6,054	$106,255

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	$13,435,018	$14,128,380	$3,735,942	$-693,362
2023	$21,463,163	$20,565,584	$5,461,030	$897,579
2022	$16,094,407	$15,582,044	$5,092,101	$512,363
2021	$6,489,650	$6,336,011	$1,515,046	$153,639
2020	$4,972,278	$4,858,030	$1,316,231	$114,248
2019	$5,605,926	$5,590,486	$2,052,437	$15,440
2018	$4,761,395	$5,237,756	$960,050	$-476,361