WEATHER SHIELD EMPLOYEE LITE FOUND… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

KEVIN SCHIELD

Phone

7157482100

Tax Period

2023-01-01 to 2023-12-31

WEATHER SHIELD EMPLOYEE LITE FOUNDATION INC, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $114K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $105K left a modest 8% surplus.

Mission

THE MAIN GOAL OF THE EMPLOYEE FOUNDATION IS TO IMPROVE OUR COMMUNITIES AND THE LIVES OF ITS CITIZENS BY HELPING THEM TO HELP THEMSELVES. THIS IS DONE THROUGH GIFTS OF TIME, TALENT AND TREASURE.

Program Service Accomplishments

Program 1

Expenses: $94,363

Financial support was provided to 88 community organizations to support their programs pertaining to emergency services, youth activities, care of the elderly or indigent and environmental programs.

Program 2

LITE Foundation serves as a contact for organizations needing assistance with their programs. Approximately 0 hours of donated time was provided to organizations to assist with youth activities, fund...

Program 3

Expenses: $10,800

Financial support was provided to 33 individuals or families to assist them with expenses due to catastrophic events (house fires, tornadoes, medical bills etc.).

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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 $96,326

Program Service Revenue $0

Investment Income $214

Other Revenue $17,500

TOTAL REVENUE $114,040

Expense Breakdown

Grants Paid $105,163

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $105,163

Other Expenses $0

TOTAL EXPENSES $105,163

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,040	$84,393	+0.4%
Expenses	$105,163	$80,427	+0.3%
Net Income	$8,877	$3,966	+1.2%

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
KEVIN SCHIELD	PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG SCHEMENAUR	VICE PRES	1.00	Officer Director	$0	$0	$0
JESSICA DASSEY	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS WILLE	TREASURER	1.00	Officer Director	$0	$0	$0
TODD HALLSTRAND	DIRECTOR	1.00	Director	$0	$0	$0
MITCHELL SCHIELD	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SCHIELD	DIRECTOR	1.00	Director	$0	$0	$0
JILL DASSOW	DIRECTOR	1.00	Director	$0	$0	$0
KATIE KOZISKA	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$114,040	$105,163	$22,774	$8,877
2022	$84,393	$80,427	$13,897	$3,966
2021	$66,559	$75,433	$9,931	$-8,874
2020	$80,613	$84,562	$18,805	$-3,949
2019	$104,088	$101,568	$22,754	$2,520
2018	$95,937	$95,991	$20,234	$-54

WEATHER SHIELD EMPLOYEE LITE FOUNDATION INC