MORNING LIGHT 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

1983

Legal Domicile

Principal Officer

MADISON WOOD-GONZALEZ

Phone

3172187554

Tax Period

2023-01-01 to 2023-12-31

MORNING LIGHT INC, founded in 1983, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 38% operating deficit.

Mission

MORNING LIGHT, INC. FOSTERS NON-PROFIT COMMUNITY SERVICES AND PROGRAMS IN CENTRAL INDIANA FOR THE TERMINALLY ILL, SENIORS AND FAMILIES OF LIMITED MEANS TO ENSURE A LIFE WITH CARE AND DIGNITY, WELLNESS OR END OF LIFE CARE.

Program Service Accomplishments

Program 1

Expenses: $1,013,775 Revenue: $10,275

ABBIE HUNT BRYCE HOME: A COMMUNITY HOME THAT OFFERS DONOR-PROVIDED ACCOMMODATIONS AND LIVING SUPPORT FOR HOSPICE PATIENTS WHO HAVE NO OTHER APPROPRIATE LIVING ARRANGEMENTS IN THEIR TERMINALLY-ILL...

ABBIE HUNT BRYCE HOME: A COMMUNITY HOME THAT OFFERS DONOR-PROVIDED ACCOMMODATIONS AND LIVING SUPPORT FOR HOSPICE PATIENTS WHO HAVE NO OTHER APPROPRIATE LIVING ARRANGEMENTS IN THEIR TERMINALLY-ILL CONDITION AT NO EXPENSE TO THE PATIENT. THE ABBIE HUNT BRYCE HOME SERVES 40-60 PEOPLE ANNUALLY. IT IS ALSO A TRAINING CENTER FOR THE NEXT GENERATION OF CAREGIVERS THROUGH OUR STATE CERTIFIED CNA PROGRAM, WHERE NOT ONLY DO PARTICIPANTS GET HANDS-ON EXPERIENCE IN HEALTHCARE, BUT THEY ARE ALSO EXPOSED TO THE INVALUABLE OPPORTUNITY TO GIVE BACK. THE PROGRAM IS THE DEFINITION OF "SYMBIOTIC" AS OUR ORGANIZATION AND RESIDENTS RECEIVE ENTHUSIASTIC AND EAGER YOUNG EMPLOYEES WHILE OUR EMPLOYEES GET NECESSARY AND VALUABLE TRAINING TO COMPLETE THEIR CERTIFICATIONS.

Program 2

Expenses: $293,920 Revenue: $239,762

PENNWOOD PLACE APARTMENTS: PROVIDES SUBSIDIZED LIVING ARRANGEMENTS FOR SENIORS. ITS 35 UNITS OPERATE AT 97% CAPACITY ANNUALLY. RELATED PROGRAMS SUCH AS OFFSITE EVENTS, COMPUTER TRAINING, ONSITE...

PENNWOOD PLACE APARTMENTS: PROVIDES SUBSIDIZED LIVING ARRANGEMENTS FOR SENIORS. ITS 35 UNITS OPERATE AT 97% CAPACITY ANNUALLY. RELATED PROGRAMS SUCH AS OFFSITE EVENTS, COMPUTER TRAINING, ONSITE CELEBRATIONS, AND HEALTH-RELATED SPEAKERS/ACTIVITIES INVOLVE MORE THAN 300 PARTICIPANTS.

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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 $552,518

Program Service Revenue $250,037

Investment Income $378,562

Other Revenue $-20,829

TOTAL REVENUE $1,160,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $829,362

Fundraising Expenses $59,606

Program Expenses $1,307,695

Other Expenses $771,615

TOTAL EXPENSES $1,600,977

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,160,288	$596,947	+0.9%
Expenses	$1,600,977	$1,335,620	+0.2%
Net Income	$-440,689	$-738,673	-0.4%

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

100

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

$115,152

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HITESH PATEL	CHAIR	2.00	Officer Director	$0	$0	$0
PATRICK BURKE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TONY BEWSEY	TREASURER	2.00	Officer Director	$0	$0	$0
LAURA ROMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
ZACHARY ALEXANDER	BOARD MEMBER	2.00	Director	$0	$0	$0
HOLLY CARTER	BOARD MEMBER	2.00	Director	$0	$0	$0
ELIZABETH CASALINI	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH HASKINS JR	BOARD MEMBER	2.00	Director	$0	$0	$0
SHADRECK KAMWENDO	BOARD MEMBER	2.00	Director	$0	$0	$0
DR TOM LEDYARD	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREA MOREHEAD	BOARD MEMBER	2.00	Director	$0	$0	$0
DR RAFAEL ROSARIO	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENDA SCHULTZ	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN SHUMAKER	BOARD MEMBER	2.00	Director	$0	$0	$0
SEBASTIAN SPEARS	BOARD MEMBER	2.00	Director	$0	$0	$0
MADISON WOOD-GONZALEZ	EXEC. DIRECTOR/CEO	40.00	Officer	$96,254	$18,898	$115,152

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	No data	No data	No data	No data
2023	$1,160,288	$1,600,977	$6,441,770	$-440,689
2022	$596,947	$1,335,620	$6,841,395	$-738,673
2021	$1,383,869	$1,061,006	$8,459,526	$322,863
2020	$425,136	$1,378,415	$8,196,602	$-953,279
2019	$740,821	$1,453,831	$8,617,085	$-713,010
2018	$803,062	$2,212,549	$10,265,398	$-1,409,487