CHILDRENS LANTERN INC (EIN 452595019) - 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

2011

Legal Domicile

Principal Officer

TIM TRACY

Phone

4199132473

Tax Period

2023-01-01 to 2023-12-31

CHILDRENS LANTERN INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $167K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $271K exceeded revenue, resulting in a 63% operating deficit.

Mission

TO PROVIDE RELIEF TO THE POOR, DISTRESSED OR UNDERPRIVELEGED, AND SPECIFICALLY TO SUPPLY RESOURCES TO ORGANIZATIONS THAT ARE MEETING THE NEEDS OF HELPLESS CHILDREN THROUGH FUNDING FOSTER CARE, FEEDING CHILDREN, ASSISTING WITH ADOPTIONS, AND FREEING TRAFFICKED CHILDREN.

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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 $65,376

Program Service Revenue $0

Investment Income $0

Other Revenue $101,417

TOTAL REVENUE $166,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,920

Fundraising Expenses $17,510

Program Expenses $253,930

Other Expenses $152,226

TOTAL EXPENSES $271,440

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,793	$234,574	-0.3%
Expenses	$271,440	$244,753	+0.1%
Net Income	$-104,647	$-10,179	+9.3%

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

Volunteers

130

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

$42,956

Total Directors

$42,956

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE HEILSHORN	EXECUTIVE DIRECTOR	1.00	Officer Director	$42,956	$0	$42,956
WAYNE ALSTAETER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RACHEL HAMMERSMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
JILL TRACY	TRUSTEE	1.00	Director	$0	$0	$0
TIM TRACY	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS VOGELSONG	TRUSTEE	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	$166,793	$271,440	$222,989	$-104,647
2022	$234,574	$244,753	$271,506	$-10,179
2021	$212,154	$197,919	$271,457	$14,235
2020	$177,454	$108,362	$146,716	$69,092

CHILDRENS LANTERN INC