LIGHTHOUSE FOUNDATION

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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

1999

Legal Domicile

Principal Officer

WILLIAM MICHENER

Phone

4024753220

Tax Period

2024-07-01 to 2025-06-30

LIGHTHOUSE FOUNDATION, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $184K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Net assets of $3.3M represent 216 months of operating reserves.

Mission

TO PROVIDE SUPPORT TO LIGHTHOUSE, INC. A 501(C)(3) ORGANIZATION 36-3656310

Program Service Accomplishments

Program 1

Expenses: $161,837

LIGHTHOUSE FOUNDATION PROVIDES SUPPORT FOR THE AT-RISK YOUTH PROGRAMS PROVIDED BY LIGHTHOUSE INC THROUGH FUNDRAISING AND FINANCIAL SUPPORT FOR PROGRAM EXPENSES AND FACILITY MAINTENANCE.

Program 2

Expenses: $29,981

PROVIDED VARIOUS SCHOLARSHIPS TO HIGHER EDUCATIONAL INSTITUTIONS FOR THE BENEFIT OF LIGHTHOUSE INC YOUTH

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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 (2024)

Revenue Breakdown

Contributions & Grants $106,436

Program Service Revenue $0

Investment Income $77,378

Other Revenue $0

TOTAL REVENUE $183,814

Expense Breakdown

Grants Paid $174,801

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $191,818

Other Expenses $17,017

TOTAL EXPENSES $191,818

Year-over-Year Comparison

	2024	2023	Change
Revenue	$183,814	$643,900	-0.7%
Expenses	$191,818	$111,597	+0.7%
Net Income	$-8,004	$532,303	-1.0%

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

N/A

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

$212,865

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MICHENER	PRESIDENT	5.00	Officer	$0	$16,416	$145,435
PETE ALLMAN	SEC/TREAS	5.00	Officer	$0	$2,830	$67,430
DEBBIE BASLER	TRUSTEE	N/A	Director	$0	$0	$0
DR ROD BASLER	TRUSTEE	N/A	Director	$0	$0	$0
NANCY BIRD	TRUSTEE	N/A	Director	$0	$0	$0
DOUG GANZ	TRUSTEE	N/A	Director	$0	$0	$0
DON GIBBENS	TRUSTEE	N/A	Director	$0	$0	$0
BOB SAFFER	TRUSTEE	N/A	Director	$0	$0	$0
HANK WOODS	TRUSTEE	N/A	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
2025	$183,814	$191,818	$3,314,286	$-8,004
2024	$643,900	$111,597	$3,102,777	$532,303
2023	$76,217	$100,204	$2,350,948	$-23,987
2022	$125,260	$66,670	$2,153,903	$58,590
2021	$94,227	$66,895	$2,387,314	$27,332
2020	$139,636	$112,532	$1,651,789	$27,104
2019	$129,954	$85,987	$1,879,681	$43,967
2018	$169,298	$65,341	$1,726,367	$103,957