CHILDREN OF LIGHT ACADEMY INC

EIN: 471253269 501(c)(3) Education

NEW PORT RICHEY, FL

Total Revenue
$902,572
Total Expenses
$931,936
Total Assets
$373,512
Net Assets
$373,512
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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
FL
Principal Officer
FR AGHASON SALEH
Phone
7279405361
Tax Period
2023-01-01 to 2023-12-31

CHILDREN OF LIGHT ACADEMY INC, founded in 2014, is a small nonprofit in the Education sector that reported $903K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

DAY CARE PRESCHOOL FOR CONGREGATIONS KIDS OF ST VERENA COPTIC ORTHODOX CHURCH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $902,572
Investment Income $0
Other Revenue $0
TOTAL REVENUE $902,572

Expense Breakdown

Grants Paid $0
Salaries & Benefits $594,147
Fundraising Expenses $0
Program Expenses $931,936
Other Expenses $337,789
TOTAL EXPENSES $931,936

Year-over-Year Comparison

2023 2022 Change
Revenue $902,572 $963,222 -0.1%
Expenses $931,936 $1,167,939 -0.2%
Net Income $-29,364 $-204,717 -0.9%
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
1
Independent Members
1
Employees
31
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FR AGHASON SALEH TRUSTEE 015.00
Officer
$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 $902,572 $931,936 $373,512 $-29,364
2022 $963,222 $1,167,939 $414,043 $-204,717
2021 $1,049,017 $938,901 $622,147 $110,116
2020 $980,579 $812,492 $512,031 $168,087
2019 $997,492 $916,592 $235,144 $80,900
2018 $833,220 $746,734 $214,170 $86,486
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