ABLELIGHT INC (EIN 390806446) - 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

1903

Legal Domicile

Principal Officer

KEITH JONES

Phone

9202613050

Tax Period

2023-09-01 to 2024-08-31

ABLELIGHT INC, founded in 1903, is a mid-sized nonprofit in the Human Services sector that reported $96.3M in total revenue in fiscal year 2023.

Mission

ABLELIGHT ADDRESSES FOUR OF THE MOST PERVASIVE SYSTEMATIC SOCIAL CHALLENGES LEADING TO LIFE INSECURITY FOR THIS VULNERABLE POPULATION: PHYSICAL AND SOCIAL ISOLATION, EMPLOYMENT INSECURITY, HOUSING INSECURITY AND HEALTH AND WELLNESS INSECURITY. ABLELIGHT WORKS TO ADDRESS THESE ISSUES THROUGH PROGRAMS IN RESIDENTIAL, EMPLOYMENT, DAY, AND REPRESENTATIVE PAYEE SERVICES.

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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 $11,476,878

Program Service Revenue $85,143,501

Investment Income $464,114

Other Revenue $-771,895

TOTAL REVENUE $96,312,598

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $70,381,184

Fundraising Expenses $2,089,121

Program Expenses $89,620,323

Other Expenses $34,526,347

TOTAL EXPENSES $105,110,096

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,312,598	$93,586,572	+0.0%
Expenses	$105,110,096	$109,205,937	0.0%
Net Income	$-8,797,498	$-15,619,365	-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

1993

Volunteers

385

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

$1,270,815

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM RYMARCSUK	CHAIR	1.00	Officer Director	$0	$0	$0
CESAR VILLAPLANDO	FORMER CHAIR	1.00	Officer Director	$0	$0	$0
MALCOLM CONNER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MAURA STEVENSON	SECRETARY	1.00	Officer Director	$0	$0	$0
CATHERINE BRONDOS	FORMER SECRETARY	1.00	Officer Director	$0	$0	$0
RANDALL ODZER	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN CARTER	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE TRICOLI	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN TRYTEK	DIRECTOR	1.00	Director	$0	$0	$0
LARRY TYLER	FORMER DIRECTOR	1.00	Director	$0	$0	$0
JOHN WIKTOR	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN NORRIS	DIRECTOR	1.00	Director	$0	$0	$0
THOR MISKO	DIRECTOR	1.00	Director	$0	$0	$0
MINDY PERRY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TOEDT	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY VAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH JONES	PRESIDENT AND CEO	39.00	Officer	$505,925	$33,743	$539,668
BRIAN SAVOIE	VP & CHIEF FINANCIAL OFFICER	39.00	Officer	$296,434	$57,863	$354,297
JEFFREY KACZMARSKI	VP & CHIEF LEGAL OFFICER	39.00	Officer	$331,684	$45,166	$376,850
CINDY MOON-MOGUSH FORMER	CHIEF MARKETING & COMMUNICATIONS	39.00	Highest	$273,812	$51,212	$325,024
DIANE EKSTRAND	CHIEF HUMAN RESOURCES OFFICER	39.00	Highest	$273,973	$52,505	$326,478
VICTOR NIGHTINGALE	FORMER CHIEF INFORMATION OFFICER	39.00	Highest	$232,109	$80,717	$312,826
NISHA GANDHI	FORMER VP OF DEVELOPMENT	39.00	Highest	$250,455	$40,521	$290,976
JULI FRANK	CHIEF OPERATING OFFICER	39.00	Highest	$239,890	$40,044	$279,934

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	$96,312,598	$105,110,096	$177,469,348	$-8,797,498
2023	$93,586,572	$109,205,937	$170,704,217	$-15,619,365
2022	$97,631,387	$97,756,004	$188,871,302	$-124,617
2021	$107,612,471	$120,552,365	$198,949,209	$-12,939,894
2020	$113,805,263	$130,000,752	$179,161,077	$-16,195,489
2019	$103,648,163	$129,014,595	$180,401,902	$-25,366,432
2018	$114,907,443	$134,917,869	$202,344,384	$-20,010,426
2018	$114,907,443	$134,917,869	$202,344,384	$-20,010,426
2018	$114,939,772	$134,950,198	$202,344,384	$-20,010,426

ABLELIGHT INC