PORCHLIGHT FOUNDATION INC (EIN 391980214) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

KARLA THENNES

Phone

6082572534

Tax Period

2023-01-01 to 2023-12-31

PORCHLIGHT FOUNDATION INC, founded in 1999, is a micro nonprofit in the Housing & Shelter sector that reported $22K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 80% operating margin.

Mission

TO SUPPORT PORCHLIGHT, INC. IN PROVIDING LOW-COST HOUSING ASSISTANCE AND RELATED SUPPORT SERVICES TO THOSE IN NEED.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,709

Program Service Revenue $0

Investment Income $19,267

Other Revenue $0

TOTAL REVENUE $21,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,338

TOTAL EXPENSES $4,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,976	$32,559	-0.3%
Expenses	$4,338	$6,025	-0.3%
Net Income	$17,638	$26,534	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$140,409

Total Directors

$140,409

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARLA THENNES	SECRETARY	1.00	Officer Director	$0	$30,000	$140,409
JEFF FEMRITE	PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER MORTENSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LUANN QUELLA	TREASURER	1.00	Officer Director	$0	$0	$0
MARK CONSIGNY	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	$21,976	$4,338	$696,025	$17,638
2022	$32,559	$6,025	$611,318	$26,534
2021	$66,302	$6,190	$729,391	$60,112
2020	$38,339	$5,416	$653,983	$32,923
2019	$36,140	$5,215	$571,590	$30,925
2018	$33,898	$4,990	$480,364	$28,908

PORCHLIGHT FOUNDATION INC