PORCHLIGHT INC (EIN 391579521) - 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

1987

Legal Domicile

Principal Officer

KARLA THENNES

Phone

6082572534

Tax Period

2024-01-01 to 2024-12-31

PORCHLIGHT INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $9.1M in total revenue in fiscal year 2024.

Mission

SERVE THE HOUSING & RELATED NEEDS OF HOMELESS, LOW-INCOME, OR MENTALLY OR PHYSICALLY DISABLED INDIVIDUALS.

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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 $7,826,993

Program Service Revenue $1,217,931

Investment Income $257,337

Other Revenue $-203,896

TOTAL REVENUE $9,098,365

Expense Breakdown

Grants Paid $583,422

Salaries & Benefits $3,231,769

Fundraising Expenses $78,601

Program Expenses $7,897,233

Other Expenses $5,564,531

TOTAL EXPENSES $9,379,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,098,365	$9,210,813	0.0%
Expenses	$9,379,722	$9,130,344	+0.0%
Net Income	$-281,357	$80,469	-4.5%

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

123

Volunteers

600

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

$154,162

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERI CARTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE THOMAS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN HUFF	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN DONLEY	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN CASSIDY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CRUMP	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN DONARSKI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ERIKSON	DIRECTOR (THRU DEC)	1.00	Director	$0	$0	$0
RONALD LUSKIN	DIRECTOR (THRU JAN)	1.00	Director	$0	$0	$0
BEATRICE MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA REYES	DIRECTOR (THRU DEC)	1.00	Director	$0	$0	$0
LAYTON RIKKERS	DIRECTOR	1.00	Director	$0	$0	$0
GENE SCHAEFFER JR	DIRECTOR	1.00	Director	$0	$0	$0
KEITH SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY SCHMIDT	DIRECTOR (THRU JAN)	1.00	Director	$0	$0	$0
JEFF SCHRAML	DIRECTOR	1.00	Director	$0	$0	$0
JEREMEY SHEPHERD	DIRECTOR	1.00	Director	$0	$0	$0
SAL TROIA	DIRECTOR (THRU DEC)	1.00	Director	$0	$0	$0
JOHN TUCKER	DIRECTOR (THRU DEC)	1.00	Director	$0	$0	$0
PEGGY GUNDERSON	DIRECTOR	1.00	Director	$0	$0	$0
KARLA THENNES	EXECUTIVE DIRECTOR	44.00	Officer	$121,981	$32,181	$154,162

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	No data	No data	No data	No data
2024	$9,098,365	$9,379,722	$20,214,353	$-281,357
2023	$9,226,743	$8,268,565	$22,566,314	$958,178
2023	$9,210,813	$9,130,344	$22,003,414	$80,469
2022	$8,219,771	$7,322,321	$21,682,470	$897,450
2022	$8,459,423	$7,589,808	$21,605,927	$869,615
2021	$8,054,019	$6,932,600	$20,932,700	$1,121,419
2020	$7,188,706	$5,375,165	$19,881,124	$1,813,541
2019	$5,926,918	$5,320,913	$18,305,614	$606,005
2018	$5,558,136	$5,181,867	$17,839,180	$376,269

PORCHLIGHT INC