Garrett County Lighthouse Inc

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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

1991

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Garrett County Lighthouse Inc, founded in 1991, is a community nonprofit in the Health Care sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 211% from the prior year, signaling strong growth momentum. The organization ran a surplus of $367K, a strong 16% operating margin.

Mission

Provide services to the mentally ill population of Garrett County Maryland

Program Service Accomplishments

Program 1

Expenses: $1,621,884

Community Rehabilitation Provided day program activities to mentally ill population. Activities are planned to prepare participants to function in the community Approximate number of participants 85

Program 2

Expenses: $190,810

Compass House- Crisis services- provided services to mentally ill population number served 36

Program 3

Expenses: $95,405

Safe Harbor Crisis services provided services to mentally ill population. Approximate number of participants served 18

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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 $7,997

Program Service Revenue $2,267,075

Investment Income $86

Other Revenue $0

TOTAL REVENUE $2,275,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,381,604

Fundraising Expenses $0

Program Expenses $1,908,099

Other Expenses $526,495

TOTAL EXPENSES $1,908,099

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,275,158	$731,822	+2.1%
Expenses	$1,908,099	$1,573,441	+0.2%
Net Income	$367,059	$-841,619	-1.4%

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

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

Total Directors

$35,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Jones	Excecutive Director	40.00	Director	$35,000	$0	$35,000
Regina Gearhart	Treasurer	1.00	Officer	$0	$0	$0
Charles Wilt	President	2.00	Officer	$0	$0	$0
Tim Dunning	Vice President	2.00	Officer	$0	$0	$0
Carrie Disimone	Secretary	1.00	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	$2,096,147	$2,054,200	No data	$41,947
2024	$2,275,158	$1,908,099	$2,025,594	$367,059
2023	No data	No data	No data	No data
2022	$1,577,034	$1,796,033	$2,623,093	$-218,999
2022	$1,439,446	$2,037,420	$2,181,914	$-597,974
2022	$733,815	$1,575,436	$2,001,685	$-841,621
2021	$2,383,717	$1,804,232	$2,807,576	$579,485
2019	$1,766,989	$2,067,533	$2,118,666	$-300,544
2018	$1,891,809	$1,875,042	$2,423,313	$16,767