LANTERN NETWORK (EIN 471971599) - 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

2018

Legal Domicile

Principal Officer

Hugh Halter

Phone

2053965324

Tax Period

2024-01-01 to 2024-12-31

LANTERN NETWORK, founded in 2018, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $218K, a strong 20% operating margin.

Mission

To catalyze business and benovolence into a movement to help a depressed city thrive in all aspects of life.

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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 $302,655

Program Service Revenue $801,683

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,104,338

Expense Breakdown

Grants Paid $9,999

Salaries & Benefits $473,916

Fundraising Expenses $19,210

Program Expenses $849,618

Other Expenses $402,899

TOTAL EXPENSES $886,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,104,338	$819,055	+0.3%
Expenses	$886,814	$859,565	+0.0%
Net Income	$217,524	$-40,510	-6.4%

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

$301,471

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Taylor McCall	Treasure/Secretary/ Board Member	40	Key Emp Highest	$65,400	$0	$65,400
David McCann	Post Commons Manager	40	Key Emp	$56,106	$0	$56,106
John Curtis Sweeney	Post Commons Kitchen Manager	40	Key Emp	$38,790	$0	$38,790
Grace Sakry	Post Commons Employee	40	Key Emp	$36,123	$0	$36,123
Justine Carlson	Post Event Manager/Barista	25	Key Emp	$24,055	$0	$24,055
Ashley Bifano	Event Manager	20	Key Emp	$22,742	$0	$22,742
Kristen Gaither	Lantern Staff	20	Key Emp	$20,906	$0	$20,906
Natalie McGee	Manager	25	Key Emp	$19,363	$0	$19,363
Lindsey McCall	Financial Director	20	Key Emp	$17,986	$0	$17,986
Hugh Halter	President/ Board Member	30	Officer	$0	$0	$0
Jeremy Stephens	Board Member	5	Officer	$0	$0	$0
Rodney Fickas	Board Member/ Soul Craft Manager	20	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	$1,104,338	$886,814	$1,054,662	$217,524
2023	$819,055	$859,565	$642,134	$-40,510
2022	$653,733	$944,396	$702,543	$-290,663
2021	$1,012,620	$593,998	$1,028,262	$418,622
2020	$521,642	$433,139	$605,241	$88,503
2019	$702,489	$452,104	$532,847	$250,385
2018	$398,503	$399,116	$259,840	$-613

LANTERN NETWORK