RICHARD U LIGHT FOUNDATION (EIN 382456949) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

STEPHEN DENENFELD

Phone

2693304419

Tax Period

2022-07-01 to 2023-06-30

RICHARD U LIGHT FOUNDATION, founded in 1982, is a micro nonprofit in the Education sector that reported $19K in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $649K exceeded revenue, resulting in a 3353% operating deficit.

Mission

TO PROMOTE THE EDUCATION OF YOUNG MEN AND WOMEN AND PROVIDE FINANCIAL ASSISTANCE TO ENABLE NEEDY INDIVIDUALS TO SECURE AN EDUCATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $18,781

Other Revenue $0

TOTAL REVENUE $18,781

Expense Breakdown

Grants Paid $561,282

Salaries & Benefits $33,623

Fundraising Expenses $0

Program Expenses $561,282

Other Expenses $53,606

TOTAL EXPENSES $648,511

Year-over-Year Comparison

	2022	2021	Change
Revenue	$18,781	$25,417,215	-1.0%
Expenses	$648,511	$73,691,709	-1.0%
Net Income	$-629,730	$-48,274,494	-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

N/A

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

$33,624

Total Directors

$33,624

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA J PARISH	VP/TREASURER	1.00	Officer Director	$15,731	$0	$15,731
STEPHEN M DENENFELD	SECRETARY	1.00	Officer Director	$17,893	$0	$17,893
TIMOTHY LIGHT	PRESIDENT	1.00	Officer 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
2023	$18,781	$648,511	No data	$-629,730
2022	$25,417,215	$73,691,709	$629,730	$-48,274,494
2021	$12,217,550	$1,162,813	$85,884,105	$11,054,737
2020	$1,348,895	$1,021,192	$68,239,037	$327,703
2019	$5,769,119	$2,115,168	$61,876,438	$3,653,951

RICHARD U LIGHT FOUNDATION