NORTHWEST INDIANA LIGHTHOUSE CHARTER SCHOOLS

EIN: 455198386 501(c)(3) Education

GARY, IN

Total Revenue
$27,638,436
Total Expenses
$27,632,022
Total Assets
$37,378,926
Net Assets
$16,489,666
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
IN
Principal Officer
JESSICA BEASLEY
Phone
2199779783
Tax Period
2024-07-01 to 2025-06-30

NORTHWEST INDIANA LIGHTHOUSE CHARTER SCHOOLS, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $27.6M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

NWILCS LIGHTS THE WAY SO OUR SCHOLARS CAN LEAD THEIR LIVES. WE OFFER A K-12 EDUCATION THAT EQUIPS SCHOLARS WITH THE LIFE-READY SKILLS AND ACADEMIC PROFICIENCY THEY NEED TO CONFIDENTLY PURSUE THEIR FUTURE ASPIRATIONS. OUR DATA-DRIVEN ACADEMIC INSTRUCTION IS RIGOROUS AND RESPONSIVE, PRIORITIZING INDIVIDUAL NEEDS OVER GRADE-LEVEL CONSTRAINTS. ACROSS EVERY CAMPUS AND GRADE LEVEL, WE PARTNER WITH FAMILIES TO CREATE A NURTURING AND CONSISTENT ENVIRONMENT WHERE OUR SCHOLARS CAN RISK SELF-DISCOVERY AND REALIZE SELF-DETERMINATION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $26,715,500
Program Service Revenue $811,159
Investment Income $0
Other Revenue $111,777
TOTAL REVENUE $27,638,436

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,545,916
Fundraising Expenses $0
Program Expenses $20,136,543
Other Expenses $13,086,106
TOTAL EXPENSES $27,632,022

Year-over-Year Comparison

2024 2023 Change
Revenue $27,638,436 $31,262,657 -0.1%
Expenses $27,632,022 $25,846,228 +0.1%
Net Income $6,414 $5,416,429 -1.0%
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

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Governance

Voting Members
6
Independent Members
6
Employees
313
Volunteers
20

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
5
$389,017
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALYSE NICHOLSON PRESIDENT 5.00
Officer Director
$0 $0 $0
ANDREA THIRSTON BROWN MEMBER 5.00
Director
$0 $0 $0
ANGELA BRIGGS MEMBER 5.00
Director
$0 $0 $0
ELAINE LITTLE MEMBER 5.00
Director
$0 $0 $0
JASON PARKS TREASURER 5.00
Officer Director
$0 $0 $0
SHANA CARUTHERS VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
DAVID SEVIER DIRECTOR OF FINANCE 40.00
Officer
$132,802 $7,800 $140,602
JESSICA BEASLEY EXECUTIVE DIRECTOR 40.00
Officer
$205,245 $43,170 $248,415
CHARLOTTE JACKSON PRINCIPAL 40.00
Highest
$137,000 $0 $137,000
KARIN MCGUIRE DEPUTY DIRECTOR OF ACADEMICS 40.00
Highest
$149,437 $35,898 $185,335
LATRICE A FRANKLIN DEPUTY DIRECTOR OF PEOPLE AND SCHOOL ADMIN 40.00
Highest
$153,375 $6,278 $159,653
SUSAN KIM REGIONAL DIRECTOR OF LITERACY 40.00
Highest
$107,183 $13,340 $120,523
APRIL SHAW PRINCIPAL 40.00
Highest
$128,240 $3,864 $132,104
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
2025 $27,638,436 $27,632,022 $37,378,926 $6,414
2024 No data No data No data No data
2023 $31,941,021 $26,993,928 $31,581,388 $4,947,093
2022 $27,684,957 $25,699,484 $26,811,381 $1,985,473
2021 $24,142,982 $20,604,690 $25,011,234 $3,538,292
2020 $21,924,459 $20,967,040 $23,362,516 $957,419
2019 $21,396,452 $23,004,385 $22,313,032 $-1,607,933
2018 $21,941,348 $21,552,901 $23,659,141 $388,447
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