THE LIGHTHOUSE FOR THE BLIND (EIN 430652639) - 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

1933

Legal Domicile

Principal Officer

ERIC WARNHOFF

Phone

3144234333

Tax Period

2024-01-01 to 2024-12-31

THE LIGHTHOUSE FOR THE BLIND, founded in 1933, is a mid-sized nonprofit that reported $53.1M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. Net assets of $113.3M represent 26 months of operating reserves.

Mission

TO ASSIST INDIVIDUALS WHO ARE LEGALLY BLIND MAINTAIN DIGNITY AND INDEPENDENCE BY MAKING AVAILABLE EMPLOYMENT, EDUCATION AND SUPPORT 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 (2024)

Revenue Breakdown

Contributions & Grants $108,006

Program Service Revenue $42,450,809

Investment Income $10,371,385

Other Revenue $178,470

TOTAL REVENUE $53,108,670

Expense Breakdown

Grants Paid $1,314,584

Salaries & Benefits $11,481,453

Fundraising Expenses $8,607

Program Expenses $51,409,981

Other Expenses $45,160,132

TOTAL EXPENSES $57,956,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,108,670	$31,186,438	+0.7%
Expenses	$57,956,169	$31,015,265	+0.9%
Net Income	$-4,847,499	$171,173	-29.3%

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

211

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

$819,735

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN BOLAND	BOARD MEMBER	0.20	Director	$0	$0	$0
ALICE CONWAY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE DALE	BOARD MEMBER	2.00	Director	$0	$0	$0
WENDY HENKE	BOARD MEMBER	0.20	Director	$0	$0	$0
JAMES KEANEY	SECRETARY	1.00	Officer Director	$0	$0	$0
TAMMY KREBEL	TREASURER	2.00	Officer Director	$0	$0	$0
RANDY NACKE	BOARD MEMBER	0.20	Director	$0	$0	$0
GEOFFREY ORF	CHAIR	5.00	Officer Director	$0	$0	$0
DALE POSLOSKY	BOARD MEMBER	2.50	Director	$0	$0	$0
SHANA ROSE	BOARD MEMBER	0.20	Director	$0	$0	$0
JIM THOMAS	BOARD MEMBER	0.20	Director	$0	$0	$0
AUBREY ZOBRIST	VICE CHAIR	0.20	Officer Director	$0	$0	$0
ERIC WARNHOFF	PRESIDENT, CEO	50.00	Officer	$265,492	$59,413	$324,905
JILL KLUESNER	VP, FINANCE AND ADMINISTRA	55.00	Officer	$205,685	$44,358	$250,043
CLINT A CRUSE	VP, MANUFACTURING	55.00	Officer	$208,583	$36,204	$244,787
MARK ADAMS	IT MANAGER	45.00	Highest	$121,367	$11,775	$133,142
JENIFER KATE COY	DIRECTOR, PROGRAMS	45.00	Highest	$116,421	$40,799	$157,220
JENNIFER BOEYINK	DIRECTOR, HUMAN RESOURCES	45.00	Highest	$144,227	$25,463	$169,690
BRITTNEY BETTONVILLE	DIRECTOR, MARKETING / BUSINESS DEVELOPMENT	55.00	Highest	$130,757	$23,507	$154,264
LASONJA TRENT	SENIOR PRODUCTION MANAGER	45.00	Highest	$123,361	$12,507	$135,868

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	$53,108,670	$57,956,169	$116,279,803	$-4,847,499
2023	$31,186,438	$31,015,265	$124,521,418	$171,173
2022	$28,838,834	$30,353,858	$115,548,558	$-1,515,024
2021	$33,499,796	$28,937,265	$132,994,524	$4,562,531
2020	$29,102,642	$26,989,752	$119,953,543	$2,112,890
2019	$29,319,721	$27,365,189	$108,228,624	$1,954,532
2018	$28,052,036	$24,470,649	$94,346,116	$3,581,387

THE LIGHTHOUSE FOR THE BLIND