ABLELIGHT FOUNDATION INC

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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

1979

Legal Domicile

Principal Officer

Keith Jones

Phone

9202613050

Tax Period

2023-09-01 to 2024-08-31

ABLELIGHT FOUNDATION INC, founded in 1979, is a community nonprofit in the Health Care sector that reported $9.8M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.7M, a strong 99% operating margin.

Mission

See description of mission at Schedule O supplemental information for Form 990, Part I, Line 1.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

THE CORPORATION IS A CHARITABLE, RELIGIOUS AND EDUCATIONAL ORGANIZATION, THE PURPOSE OF WHICH IS TO SOLICIT, HOLD, MANAGE, INVEST AND EXPEND ENDOWMENT FUNDS AND OTHER GIFTS, GRANTS AND BEQUESTS...

THE CORPORATION IS A CHARITABLE, RELIGIOUS AND EDUCATIONAL ORGANIZATION, THE PURPOSE OF WHICH IS TO SOLICIT, HOLD, MANAGE, INVEST AND EXPEND ENDOWMENT FUNDS AND OTHER GIFTS, GRANTS AND BEQUESTS, WHETHER CONSISTING OF REAL OR PERSONAL PROPERTY, AND WHETHER SUBJECT TO DIRECTIONS OR CONDITIONS IMPOSED BY DONORS, EXCLUSIVELY FOR THE MAINTENANCE AND BENEFIT OF ABLELIGHT INC OF WATERTOWN, WISCONSIN AND SUCH OF ITS CHARITABLE, RELIGIOUS OR EDUCATIONAL PROGRAMS OR ACTIVITIES AS THE BOARD OF DIRECTORS OF THIS CORPORATION FROM TIME TO TIME DEEM TO BE SUITABLE AND APPROPRIATE.

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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 $2,941,648

Program Service Revenue $0

Investment Income $6,810,289

Other Revenue $0

TOTAL REVENUE $9,751,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $53,460

TOTAL EXPENSES $53,460

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,751,937	$7,038,906	+0.4%
Expenses	$53,460	$438,644	-0.9%
Net Income	$9,698,477	$6,600,262	+0.5%

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

$1,270,815

Total Directors

$539,668

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH JONES	PRESIDENT AND CEO	0.1	Officer Director	$0	$33,743	$539,668
JEFFREY KACZMARSKI	VICE PRESIDENT AND CHIEF LEGAL OFFICER	0.1	Officer	$0	$45,166	$376,850
BRIAN SAVOIE	VICE PRESIDENT AND CHIEF FINANCIAL OFFICER	0.1	Officer	$0	$57,863	$354,297
DIANE EKSTRAND	CHIEF HUMAN RESOURCES OFFICER	0.1	Highest	$0	$52,505	$326,478
CINDY MOON-MOGUSH	FORMER CHIEF MARKETING AND COMMUNICATIONS OFFICER	0.1	Highest	$0	$51,212	$325,024
VICTOR NIGHTINGALE	FORMER CHIEF INFORMATION OFFICER	0.1	Highest	$0	$80,717	$312,826
NISHA GANDHI	FORMER VP OF DEVELOPMENT	0.1	Highest	$0	$40,521	$290,976
JULI FRANK	CHIEF OPERATING OFFICER	0.1	Highest	$0	$40,044	$279,934
RANDALL ODZER	CHAIR	0.1	Officer Director	$0	$0	$0
MALCOLM CONNER	VICE CHAIR	0.1	Officer Director	$0	$0	$0
JIM RYMARCSUK	TREASURER	0.1	Officer Director	$0	$0	$0
THOR MISKO	SECRETARY	0.1	Officer Director	$0	$0	$0
TIMOTHY VAUGHN	DIRECTOR	0.1	Director	$0	$0	$0
WILL COUGHLIN	DIRECTOR	0.1	Director	$0	$0	$0
ROBERT SIGLER	DIRECTOR	0.1	Director	$0	$0	$0
J LARRY TYLER	FORMER DIRECTOR	0.1	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	No data	No data	No data	No data
2024	$9,751,937	$53,460	$113,796,873	$9,698,477
2023	$7,038,906	$438,644	$104,751,243	$6,600,262
2022	$5,209,016	$425,850	$111,508,964	$4,783,166
2021	$6,929,579	$394,105	$112,345,354	$6,535,474
2020	$8,383,189	$428,560	$88,056,855	$7,954,629
2019	$6,721,693	$515,455	$103,515,638	$6,206,238
2018	$14,702,615	$551,695	$122,644,930	$14,150,920