LIGHTHOUSE FOR THE HOMELESS

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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

2013

Legal Domicile

Principal Officer

TOBY OWEN

Phone

8172897474

Tax Period

2023-01-01 to 2023-12-31

LIGHTHOUSE FOR THE HOMELESS, founded in 2013, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 74% operating deficit.

Mission

THE ONLY FREE DAY SHELTER IN THE AREA COMPRISED OF A COLLECTION OF COMMUNITY AGENCIES AND SERVICE PROVIDERS, ALL FOCUSED ON A SINGLE MISSION: ENDING HOMELESSNESS IN TARRANT COUNTY.

Program Service Accomplishments

Program 1

Expenses: $1,591,039 Revenue: $495,812

TRUE WORTH PLACE PROVIDES DAY SHELTER TO INDIVIDUALS EXPERIENCING HOMELESSNESS BY PROVIDING SAFE SHELTER AWAY FROM THE ELEMENTS. TRUE WORTH PLACE IS A RESOURCE CENTER THAT OFFERS GUEST BASIC...

TRUE WORTH PLACE PROVIDES DAY SHELTER TO INDIVIDUALS EXPERIENCING HOMELESSNESS BY PROVIDING SAFE SHELTER AWAY FROM THE ELEMENTS. TRUE WORTH PLACE IS A RESOURCE CENTER THAT OFFERS GUEST BASIC NECESSITIES SUCH AS SHOWERS, LOCKERS FOR STORAGE OF BELONGINGS, ACCESS TO MAIL, COMPUTERS, PHONES, LAUNDRY, AND CASE MANAGEMENT ALL DESIGNED TO REDUCE BARRIERS TO HOUSING AND BREAK THE CYCLE OF HOMELESSNESS. IN ADDITON TO DAY SHELTER SERVICES AND CASE MANAGEMENT, TRUE WORTH PLACE SERVES AS THE CENTRAL RESOURCE CENTER FOR SERVICE PROVIDERS TO BRING SERVICES DIRECTLY TO INDIVIDUALS EXPERIENCING HOMELESSNESS. IN 2023, FIFTY THREE SERVICE PROVIDERS REGULARLY PROVIDED SERVICES AT TRUE WORTH. THESE INCLUDED ACCESS TO HOUSING, EMPLOYMENT, LIFE SKILLS, CRITICAL DOCUMENTS, DIVERSION SERVICES, MENTAL HEALTHCARE, (CONT ON SCH O) EDUCATION, AND MAINSTREAM BENEFITS. TRUE WORTH PLACE PROVIDED SERVICES TO 5,389 UNDUPLICATED INDIVIDUALS IN 2023.

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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 $484,595

Program Service Revenue $495,812

Investment Income $49,589

Other Revenue $0

TOTAL REVENUE $1,029,996

Expense Breakdown

Grants Paid $64,468

Salaries & Benefits $946,342

Fundraising Expenses $188,961

Program Expenses $1,591,039

Other Expenses $780,551

TOTAL EXPENSES $1,791,361

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,029,996	$1,126,447	-0.1%
Expenses	$1,791,361	$1,707,454	+0.0%
Net Income	$-761,365	$-581,007	+0.3%

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

133

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

$356,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARYL DAVIS	BOARD CHAIR	0.10	Officer Director	$0	$0	$0
AMY KNIGHT BROWN	BOARD VICE CHAIR	0.10	Officer Director	$0	$0	$0
MATTHEW LOYNACHAN	BOARD TREASURER	0.10	Officer Director	$0	$0	$0
RACHEL NAVEJAR-PHILLIPS	BOARD SECRETARY	0.10	Officer Director	$0	$0	$0
JT AUGHINBAUGH	TRUSTEE	0.10	Director	$0	$0	$0
LARRY ANFIN	TRUSTEE	0.10	Director	$0	$0	$0
CINTYA AULD	TRUSTEE	0.10	Director	$0	$0	$0
BRIAN CARLOCK	TRUSTEE	0.10	Director	$0	$0	$0
WADE CHAPPELL	TRUSTEE	0.10	Director	$0	$0	$0
DEBORAH CONNOR	TRUSTEE	0.10	Director	$0	$0	$0
SABRINA CONNER	TRUSTEE	0.10	Director	$0	$0	$0
BRIAN COULTER	TRUSTEE	0.10	Director	$0	$0	$0
KIM DILLON	TRUSTEE	0.10	Director	$0	$0	$0
JOHN DOUMANY	TRUSTEE	0.10	Director	$0	$0	$0
STEPHEN EISNER	TRUSTEE	0.10	Director	$0	$0	$0
COURTNEY ESTES	TRUSTEE	0.10	Director	$0	$0	$0
TIFFANY FREEMAN	TRUSTEE	0.10	Director	$0	$0	$0
SANDRA GARCIA	TRUSTEE	0.10	Director	$0	$0	$0
GREG GARIS	TRUSTEE (THRU 1/23)	0.10	Director	$0	$0	$0
JASON GROCHOWSKI	TRUSTEE	0.10	Director	$0	$0	$0
MEREDYTH HALLER	TRUSTEE	0.10	Director	$0	$0	$0
EMILY JONES	TRUSTEE	0.10	Director	$0	$0	$0
JIM LACAMP	TRUSTEE	0.10	Director	$0	$0	$0
JOSEPH LANDEROS	TRUSTEE	0.10	Director	$0	$0	$0
ALICIA LESOK	TRUSTEE	0.10	Director	$0	$0	$0
ROBYN MICHALOVE	TRUSTEE	0.10	Director	$0	$0	$0
MATT MILDREN	TRUSTEE	0.10	Director	$0	$0	$0
RICHARD MINKER	TRUSTEE	0.10	Director	$0	$0	$0
FRANK NEAL	TRUSTEE	0.10	Director	$0	$0	$0
MARK SEHER	TRUSTEE	0.10	Director	$0	$0	$0
KATHY SEVERSON	TRUSTEE	0.10	Director	$0	$0	$0
DAWN SHEPARD	TRUSTEE	0.10	Director	$0	$0	$0
VINCE TOBIN	TRUSTEE	0.10	Director	$0	$0	$0
BURCH WALDRON III	TRUSTEE	0.10	Director	$0	$0	$0
RODERICK WHITE	TRUSTEE	0.10	Director	$0	$0	$0
TOBY OWEN	CEO	1.00	Officer	$0	$17,364	$225,976
CAROLE GRAHAM	VP OF FINANCE	1.00	Officer	$0	$19,594	$130,211

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	$1,029,996	$1,791,361	$14,519,968	$-761,365
2022	$1,126,447	$1,707,454	$14,628,617	$-581,007
2021	$1,203,504	$1,940,797	$15,370,482	$-737,293
2020	$923,193	$2,011,920	$16,054,121	$-1,088,727
2019	$779,142	$2,159,684	$17,354,605	$-1,380,542
2018	$765,282	$2,017,197	$18,661,130	$-1,251,915