LIGHTHOUSE FOR BROKEN WINGS

EIN: 475152481 501(c)(3) Community Improvement

Rehoboth Beach, DE

Total Revenue
$300,702
Total Expenses
$365,103
Total Assets
$31,006
Net Assets
$31,006
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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
2016
Legal Domicile
DE
Principal Officer
Jennifer Hill
Phone
3027273178
Tax Period
2022-07-01 to 2023-06-30

LIGHTHOUSE FOR BROKEN WINGS, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $301K in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. Expenses of $365K exceeded revenue, resulting in a 21% operating deficit.

Mission

Housing the homeless in permanent supportive housing and housing homeless during Code Purple weather.

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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 (2022)

Revenue Breakdown

Contributions & Grants $300,702
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $300,702

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $365,103
Other Expenses $365,103
TOTAL EXPENSES $365,103

Year-over-Year Comparison

2022 2021 Change
Revenue $300,702 $364,787 -0.2%
Expenses $365,103 $293,837 +0.2%
Net Income $-64,401 $70,950 -1.9%
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
4
Independent Members
4
Employees
N/A
Volunteers
130

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
3
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Connie Holdridge Treasurer 20
Director
$0 $0 $0
Jennifer Hill Chairman of the Board 20
Director
$0 $0 $0
Adrienne Ponzini Secretary 10
Director
$0 $0 $0
Desiree Short President and CEO 40
Officer Key Emp
$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
2023 $300,702 $365,103 $31,006 $-64,401
2022 $364,787 $293,837 $95,407 $70,950
2021 $237,246 $229,454 $7,792 $7,792
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