PRESQUE ISLE LIGHT STATION (EIN 464865726) - 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

2014

Legal Domicile

Principal Officer

AMANDA SPAEDER

Phone

8148239270

Tax Period

2023-01-01 to 2023-12-31

PRESQUE ISLE LIGHT STATION, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $380K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Net assets of $779K represent 25 months of operating reserves.

Mission

THE MISSION OF THE PRESQUE ISLE LIGHT STATION SHALL BE TO ESTABLISH AND SUPPORT EFFORTS IN THE RESTORATION AND PRESERVATION OF THE PRESQUE ISLE LIGHTHOUSE TO A PERIOD OF SIGNIFICANCE TO ACQUIRE AND MAINTAIN SAFE KEEPING OF BUILDING/GROUNDS, ARTIFACTS AND HISTORICAL RECORDS OF PRESQUE ISLE LIGHTHOUSE AND TO CREATE EDUCATIONAL AND RECREATIONAL OPPORTUNITIES THAT ACCURATELY INTERPRET THE MARITIME HISTORY OF PRESQUE ISLE LIGHTHOUSE FOR ALL VISITORS AND PRESERVES IT FOR FUTURE GENERATIONS.

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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 $99,930

Program Service Revenue $124,865

Investment Income $4,344

Other Revenue $150,693

TOTAL REVENUE $379,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $226,484

Fundraising Expenses $23,152

Program Expenses $36,647

Other Expenses $166,336

TOTAL EXPENSES $392,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$379,832	$425,289	-0.1%
Expenses	$392,820	$355,435	+0.1%
Net Income	$-12,988	$69,854	-1.2%

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

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

$62,500

Total Directors

$62,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AVERIE SHAUGHNESSY-COMFORT	EXECUTIVE DIRECTOR	40.00	Officer Director	$62,500	$0	$62,500
GREG SESLER	DIRECTOR	2.00	Director	$0	$0	$0
BECKY WEISER	SECRETARY	5.00	Director	$0	$0	$0
STEVE SRNKA	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA SPAEDER	TREASURER	5.00	Director	$0	$0	$0
HANNAH MORAN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL GEIGER	DIRECTOR	2.00	Director	$0	$0	$0
MELINDA MEYER	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS SEBALD	DIRECTOR	2.00	Director	$0	$0	$0
ERIC DAHLSTRAND	VICE-PRESIDENT	5.00	Director	$0	$0	$0
THOMAS NEW	DIRECTOR	2.00	Director	$0	$0	$0
GREG HENNING	PRESIDENT	5.00	Director	$0	$0	$0
GEOFF DOMOWICZ	DIRECTOR	2.00	Director	$0	$0	$0
RYAN ASTEMBORSKI	DIRECTOR	2.00	Director	$0	$0	$0
HOLLY BEST	EX-OFFICIO	2.00	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	$379,832	$392,820	$866,271	$-12,988
2022	$425,289	$355,435	$878,980	$69,854
2021	$331,550	$166,612	$801,496	$164,938
2020	$105,264	$137,121	$631,022	$-31,857
2019	$250,177	$181,274	$589,059	$68,903
2018	$266,374	$156,367	$520,156	$110,007

PRESQUE ISLE LIGHT STATION