THE LANTERN PROJECT (EIN 471403943) - 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

2013

Legal Domicile

Principal Officer

KEVIN PORTER

Phone

3258642206

Tax Period

2022-01-01 to 2022-12-31

THE LANTERN PROJECT, founded in 2013, is a micro nonprofit in the Public & Societal Benefit sector that reported $98K in total revenue in fiscal year 2022. Revenue surged 146% from the prior year, signaling strong growth momentum. Expenses of $177K exceeded revenue, resulting in a 81% operating deficit.

Mission

THE OVERALL MISSION OF THE LANTERN PROJECT 1) TO ASSIST PEOPLE WITH BARRIERS TO EMPLOYMENT BY PROVIDING VOCATIONAL EDUCATION, WORK TRAINING, AND SUPPORT SERVICES, 2) TO PROVIDE A FAITH-BASED PROGRAM DESIGNED TO TEACH LIFE SKILLS TO PEOPLE WITH BARRIERS IN LIFE, 3) TO PROVIDE OR FACILITATE BUILDING PROJECTS, WATER WELLS, HUMANITARIAN PROJECTS IN FOREIGN COUNTRIES AND NORTH AMERICA. THE LANTERN PROJECT FEELS STRONGLY THAT THERE EXISTS A RISING DEMAND FOR SKILLED LABORERS, AND THE ORGANIZATION CAN ASSIST WITH FILLING THIS DEMAND BY EQUIPPING EAGER AND HARDWORKING MULTI-NATIONALS, VETERANS, AND OTHER INDIVIDUALS WHO LACK ACCESS TO GOOD TRAINING PROGRAMS AND LIFE SKILL PROGRAMS. THE ORGANIZATION'S CURRENT FOCUS IS ON TRAINING AND ASSISTING REFUGEES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $97,926

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $97,926

Expense Breakdown

Grants Paid $169,250

Salaries & Benefits $0

Fundraising Expenses $1,249

Program Expenses $170,276

Other Expenses $8,133

TOTAL EXPENSES $177,383

Year-over-Year Comparison

	2022	2021	Change
Revenue	$97,926	$39,744	+1.5%
Expenses	$177,383	$17,034	+9.4%
Net Income	$-79,457	$22,710	-4.5%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN PORTER	PRESIDENT	2	Officer Director	$0	$0	$0
RONALD JOHNSON	VICE PRESIDENT	2	Officer Director	$0	$0	$0
CODY FORSBERG	TREASURER	2	Officer Director	$0	$0	$0
PAM LANGLEY	SECRETARY	2	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
2022	$97,926	$177,383	$450,606	$-79,457
2021	$39,744	$17,034	$530,063	$22,710
2020	$38,575	$81,166	$507,353	$-42,591
2019	$1,880	$49,084	$549,944	$-47,204
2018	$356,452	$114,674	$597,148	$241,778

THE LANTERN PROJECT