MORNING LIGHT INC

EIN: 351602641 501(c)(3) Health Care

INDIANAPOLIS, IN

Total Revenue
$1,160,288
Total Expenses
$1,600,977
Total Assets
$6,441,770
Net Assets
$4,894,519
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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
IN
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 IN NEED OF HEALTH, WELLNESS OR END OF LIFE CARE.

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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%)

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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

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Governance

Voting Members
15
Independent Members
15
Employees
49
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
5
$115,152
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
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
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