THE LYTE COLLECTIVE (EIN 471784239) - 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

BONN WADE

Phone

7738756800

Tax Period

2024-01-01 to 2024-12-31

THE LYTE COLLECTIVE, founded in 2014, is a small nonprofit in the Human Services sector that reported $573K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $951K exceeded revenue, resulting in a 66% operating deficit.

Mission

LYTE COLLECTIVE SERVES YOUNG ADULTS IMPACTED BY POVERTY AND HOMELESSNESS. OUR MISSION IS TO:SUPPORT EVERY YOUNG ADULT WHO CONTACTS US, WITH WHATEVER THEY NEED, FOR AS LONG AS THEY WANT US BY THEIR SIDE.END HARMFUL SYSTEMS THAT CAUSE YOUNG PEOPLE TO NEED OUR HELP IN THE FIRST PLACE.BUILD A MORE JUST AND EQUITABLE WORLD TOGETHER WITH ALL WHO ASPIRE TO DO BETTER BY YOUNG PEOPLE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $564,350

Program Service Revenue $9,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $573,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $576,836

Fundraising Expenses $5,865

Program Expenses $916,201

Other Expenses $374,180

TOTAL EXPENSES $951,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$573,350	$771,725	-0.3%
Expenses	$951,016	$809,726	+0.2%
Net Income	$-377,666	$-38,001	+8.9%

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

Governance

Voting Members

Independent Members

Employees

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
BONN WADE	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
WILL BULKA	VICE CHAIRPERSON	5.00	Officer Director	$0	$0	$0
DARRIN SHILLAIR	SECRETARY AND ACTING TREAS	5.00	Officer Director	$0	$0	$0
AMANDA DUNNAVANT	DIRECTOR	5.00	Director	$0	$0	$0
DERRICK FISHER	DIRECTOR	5.00	Director	$0	$0	$0
PATRICIA POSEY	DIRECTOR	5.00	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	$573,350	$951,016	$2,329,719	$-377,666
2023	$771,725	$809,726	$2,708,978	$-38,001
2022	$1,042,167	$721,493	$2,734,544	$320,674
2021	$767,045	$679,531	$2,279,084	$87,514
2020	$759,416	$457,684	$2,060,332	$301,732

THE LYTE COLLECTIVE