THE LIGHT FACTORY (EIN 510185359) - 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

1975

Legal Domicile

Principal Officer

TITUS HEAGINS

Phone

7043339755

Tax Period

2023-07-01 to 2024-06-30

THE LIGHT FACTORY, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $295K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $275K left a modest 7% surplus.

Mission

THE LIGHT FACTORY IS COMMITTED TO PHOTOGRAPHY AND FILM AS A MEANS OF ENRICHING LIVES AND TRANSFORMING COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $238,068

Program Service Revenue $45,874

Investment Income $10,816

Other Revenue $191

TOTAL REVENUE $294,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,684

Fundraising Expenses $19,002

Program Expenses $191,695

Other Expenses $147,996

TOTAL EXPENSES $274,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$294,949	$216,448	+0.4%
Expenses	$274,680	$237,460	+0.2%
Net Income	$20,269	$-21,012	-2.0%

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

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

$46,442

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAY TUTTLE	EXECUTIVE DI	40.00	Officer	$46,442	$0	$46,442
BRYAN ADAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
DAN GELLES	BOARD MEMBER	2.00	Director	$0	$0	$0
MEGAN GONZALEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
WILL JENKINS	SECRETARY	2.00	Director	$0	$0	$0
CARLA LOPEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
MELISSA ROOD	BOARD CHAIR	2.00	Director	$0	$0	$0
ROGER SAROW	PAST CHAIR	2.00	Director	$0	$0	$0
JON STRAYHORN	BOARD MEMBER	2.00	Director	$0	$0	$0
TITUS HEAGINS	EXEC DIRECTO	40.00	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	$294,949	$274,680	$141,338	$20,269
2023	$216,448	$237,460	$118,128	$-21,012
2022	$200,379	$249,886	$147,353	$-49,507
2021	$251,098	$261,724	$193,505	$-10,626
2020	$239,203	$252,053	$226,787	$-12,850
2019	$284,699	$328,841	$222,490	$-44,142
2018	$345,887	$337,853	$274,203	$8,034

THE LIGHT FACTORY