Lighthouse 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

1996

Legal Domicile

Phone

8776295621

Tax Period

2020-01-01 to 2020-12-31

Lighthouse Inc, founded in 1996, is a micro nonprofit in the Human Services sector that reported $89K in total revenue in fiscal year 2020. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $14K, a strong 16% operating margin.

Mission

Our Mission is to equip and empower the kids of the Central Neighborhood of Cleveland with the sources and opportunities to reach their potential

Program Service Accomplishments

Program 1

Expenses: $41,326 Revenue: $0

The Lighthouse, HeavenTrain Bus completed it's 38th year in 2019 and reaches an estimated 400 children twice a month from May through December. The bus operates in Cleveland's Central public housing neighborhoods. The emphasis is on early social development, family commitment and religious education. A healthy lunch is also provided in addition to interacting with the children and their caregivers. On the last outing of the year, hot meals and Christmas presents are given to all who come to the bus which is parked in five differnt locations near the public housing neighborhoods. Typically, we see over 600 kids and caregivers. We were not able to conduct the above activities in 2020 due to the COVID19 restrictions. However, we have resumed them in 2021.

Program 2

Expenses: $10,468 Revenue: $0

Youth Development Programs: Lighthouse provides the coaching/training, uniforms, travel needs as well as tournament entry fees for our AAU basketball team. The players are from the local public...

Youth Development Programs: Lighthouse provides the coaching/training, uniforms, travel needs as well as tournament entry fees for our AAU basketball team. The players are from the local public schools from grade 6 to 8. These young players are also taught team building, and self and social development skills. Lighthouse also has a mentor program at East Tech High School during the school's fifth period. Lighthouse offers one-on-one mentoring as well as helping to develop reading and problem solving skills. Grades 9 through 12 are all included in the program. We were not able to conduct all the mentoring activities for most of 2020 due to COVID19 restrictions, however, we expect to be able to resume the complete program in the fall of 2021.

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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 $88,025

Program Service Revenue $0

Investment Income $926

Other Revenue $0

TOTAL REVENUE $88,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,066

Fundraising Expenses $2,240

Program Expenses $51,794

Other Expenses $46,747

TOTAL EXPENSES $74,813

Year-over-Year Comparison

	2020	2019	Change
Revenue	$88,951	$111,905	-0.2%
Expenses	$74,813	$115,166	-0.4%
Net Income	$14,138	$-3,261	-5.3%

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

110

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
Harold B Tyreman	Executive Director	15.00	Officer Director	$0	$0	$0
Wendell Brown	Trustee	0.50	Director	$0	$0	$0
Alicia Hudson	Trustee	0.50	Director	$0	$0	$0
Nick Artman	Trustee	0.50	Director	$0	$0	$0
Rev Andrew Batten	Trustee	0.50	Director	$0	$0	$0
Chris Minnick	Secretary and Treasurer	0.50	Officer Director	$0	$0	$0
Ernie Hollo	Trustee	0.50	Director	$0	$0	$0
Bryan Portz	Trustee	0.50	Director	$0	$0	$0
David Thomas	Trustee	0.50	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
2020	$88,951	$74,813	$71,021	$14,138
2019	$111,905	$115,166	$47,783	$-3,261
2018	$98,964	$133,606	$52,535	$-34,642