PORT AUSTIN REEFLIGHT ASSOCIATION INC (EIN 383018951) - 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

1988

Legal Domicile

Principal Officer

LOUIS SCHILLINGER

Phone

2487588284

Tax Period

2024-07-01 to 2025-06-30

PORT AUSTIN REEFLIGHT ASSOCIATION INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $419K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $357K, a strong 85% operating margin.

Mission

THE PORT AUSTIN REEF LIGHT ASSOCIATION, INC. IS AN ASSOCIATION DEDICATED TO THE RESTORATION AND MAINTENANCE OF THE PORT AUSTIN REEF LIGHT STATION.

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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 $415,049

Program Service Revenue $3,810

Investment Income $0

Other Revenue $0

TOTAL REVENUE $418,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,388

Other Expenses $62,308

TOTAL EXPENSES $62,308

Year-over-Year Comparison

	2024	2023	Change
Revenue	$418,859	$847,207	-0.5%
Expenses	$62,308	$39,990	+0.6%
Net Income	$356,551	$807,217	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL AINSLEY	SECRETARY	3.00	Officer Director	$0	$0	$0
JOAN GLANCY	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
KEVIN JIMKOSKI	DIRECTOR	2.00	Director	$0	$0	$0
KRIS KUZEL	TREASURER	3.00	Officer Director	$0	$0	$0
JIM MCGRAW	DIRECTOR	4.00	Director	$0	$0	$0
THOMAS RAPSON	DIRECTOR	2.00	Director	$0	$0	$0
LOUIS SCHILLINGER	PRESIDENT	40.00	Officer Director	$0	$0	$0
JOYCE STANEK	DIRECTOR	4.00	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	$418,859	$62,308	$1,845,899	$356,551
2024	$847,207	$39,990	$1,352,118	$807,217

PORT AUSTIN REEFLIGHT ASSOCIATION INC