LIGHT OF DAWN FOUNDATION

EIN: 461943526 501(c)(3) Religion

ARGYLE, TX

Total Revenue
$259,595
Total Expenses
$182,627
Total Assets
$163,964
Net Assets
$163,964
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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
2012
Legal Domicile
TX
Principal Officer
RYAN F KAGAY
Phone
4432433586
Tax Period
2024-01-01 to 2024-12-31

LIGHT OF DAWN FOUNDATION, founded in 2012, is a small nonprofit in the Religion sector that reported $260K in total revenue in fiscal year 2024. Revenue surged 6207% from the prior year, signaling strong growth momentum. The organization ran a surplus of $77K, a strong 30% operating margin.

Mission

HELP TO RELIEVE THE BURDEN OF THE POOR, DISTRESSED AND UNDERPRIVILEGED

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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 $250,000
Program Service Revenue $0
Investment Income $9,595
Other Revenue $0
TOTAL REVENUE $259,595

Expense Breakdown

Grants Paid $180,587
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $182,627
Other Expenses $2,040
TOTAL EXPENSES $182,627

Year-over-Year Comparison

2024 2023 Change
Revenue $259,595 $4,116 +62.1%
Expenses $182,627 $73,261 +1.5%
Net Income $76,968 $-69,145 -2.1%
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
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARRY M SPEAKE III DIRECTOR 1.00
Officer Director
$0 $0 $0
ELIZABETH M KAGAY SECRETARY/TR 2.00
Officer Director
$0 $0 $0
RYAN F KAGAY PRESIDENT 5.00
Officer 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 $259,595 $182,627 $163,964 $76,968
2023 $4,116 $73,261 $87,491 $-69,145
2022 $5,155 $100,453 $156,564 $-95,298
2021 $-1,501 $188,878 $274,704 $-190,379
2020 $14,200 $177,853 $465,685 $-163,653
2019 $648,159 $66,916 $616,943 $581,243
2018 $158,016 $169,550 $43,158 $-11,534
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