COLUMBIA LIGHTHOUSE FOR THE BLIND

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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

1953

Legal Domicile

Principal Officer

ANTHONY J CANCELOSI

Phone

2024546400

Tax Period

2023-01-01 to 2023-12-31

COLUMBIA LIGHTHOUSE FOR THE BLIND, founded in 1953, is a community nonprofit in the Human Services sector that reported $6.3M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE BLIND AND VISUALLY IMPAIRED PEOPLE IN THE METROPOLITAN WASHINGTON AREA, AND NATIONWIDE WHERE APPROPRIATE, WITH PROGRAMS, SERVICES AND INFORMATION THAT ADVANCE THEIR OPPORTUNITY TO ATTAIN INDEPENDENT AND FULFILLING LIVES.

Program Service Accomplishments

Program 1

Expenses: $4,279,184 Revenue: $5,378,130

GOVERNMENT:COLUMBIA LIGHTHOUSE FOR THE BLIND'S (CLB) EMPLOYMENT AND TRAINING DEPARTMENT ENSURES THAT ALL CONSUMERS WHO ARE VISUALLY IMPAIRED OR BLIND WHO WANT TO BE EMPLOYED HAVE THE SKILLS...

GOVERNMENT:COLUMBIA LIGHTHOUSE FOR THE BLIND'S (CLB) EMPLOYMENT AND TRAINING DEPARTMENT ENSURES THAT ALL CONSUMERS WHO ARE VISUALLY IMPAIRED OR BLIND WHO WANT TO BE EMPLOYED HAVE THE SKILLS, RESOURCES AND NECESSARY TRAINING TO OBTAIN A JOB AND ACHIEVE SUCCESS IN THE WORKPLACE. CLB HIRES INDIVIDUALS WHO ARE BLIND AND VISUALLY IMPAIRED TO PROVIDE EMPLOYMENT THROUGH OUR CONTRACT WITH THE FEDERAL GOVERNMENT.

Program 2

Expenses: $327,735

PROGRAM SUPPORT:THIS DEPARTMENT PROVIDES ADMINISTRATIVE SUPPORT TO ALL OF THE PROGRAMS TO INCLUDE INFORMATION AND REFERRAL, INTAKE AND ENTRY IN A CONSUMER DATABASE, ASSIGNMENT OF AUTHORIZATIONS...

PROGRAM SUPPORT:THIS DEPARTMENT PROVIDES ADMINISTRATIVE SUPPORT TO ALL OF THE PROGRAMS TO INCLUDE INFORMATION AND REFERRAL, INTAKE AND ENTRY IN A CONSUMER DATABASE, ASSIGNMENT OF AUTHORIZATIONS, CONSULTING ASSIGNMENTS, TRANSPORTATION REQUESTS, AND OTHER ADMINSTRATIVE DUTIES AS NEEDED.

Program 3

Expenses: $279,361 Revenue: $76,639

REHABILITATION DEPARTMENT:CLB OFFERS COMPREHENSIVE REHABILITATION SERVICES TO HELP INDIVIDUALS WHO ARE BLIND AND VISUALLY IMPAIRED REASSERT CONTROL AND INDEPENDENCE IN THEIR LIVES. CONSUMERS DEVELOP...

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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 $596,327

Program Service Revenue $5,672,269

Investment Income $45,676

Other Revenue $2,271

TOTAL REVENUE $6,316,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,280,578

Fundraising Expenses $256,808

Program Expenses $5,116,154

Other Expenses $1,966,715

TOTAL EXPENSES $6,247,293

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,316,543	$5,650,120	+0.1%
Expenses	$6,247,293	$5,518,372	+0.1%
Net Income	$69,250	$131,748	-0.5%

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

258

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

$185,400

Total Directors

$199,652

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY J CANCELOSI	PRESIDENT AND CEO	37.50	Officer Director	$163,881	$21,519	$185,400
AMY DUFRANE	CHAIR	4.00	Officer Director	$0	$0	$0
WILLIAM DEEGAN MD	VICE CHAIRMAN	4.00	Officer Director	$0	$0	$0
RAJIVE MATHUR	CO-CHAIR (END FEB 2023)	4.00	Officer Director	$0	$0	$0
ANDREW HOWARD	SECRETARY/TREASURER	4.00	Officer Director	$0	$0	$0
VIKRAM AGARWAL	DIRECTOR	4.00	Director	$0	$0	$0
PAUL BURDEN	DIRECTOR	4.00	Director	$0	$0	$0
SHAWN CALLAWAY	DIRECTOR	4.00	Director	$14,252	$0	$14,252
BOB IRVIN	DIRECTOR	4.00	Director	$0	$0	$0
CECLIA ROYSTER	DIRECTOR	4.00	Director	$0	$0	$0
VENCER COTTON	PROJECT MANAGER	40.00	Highest	$122,961	$2,396	$125,357

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	No data	No data	No data	No data
2023	$6,316,543	$6,247,293	$3,108,884	$69,250
2022	$5,650,120	$5,518,372	$2,807,485	$131,748
2022	$5,652,562	$5,481,812	$2,930,012	$170,750
2021	$5,984,616	$5,685,211	$2,566,703	$299,405
2020	$5,111,635	$4,828,315	$2,984,537	$283,320
2019	$3,906,197	$4,523,478	$2,545,625	$-617,281
2018	$5,104,730	$5,815,570	$2,578,535	$-710,840