LIGHT HOUSE ACADEMY (EIN 542117031) - 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

2003

Legal Domicile

Principal Officer

CURT RASSI

Phone

3096913242

Tax Period

2023-01-01 to 2023-12-31

LIGHT HOUSE ACADEMY, founded in 2003, is a small nonprofit in the Education sector that reported $188K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $223K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE A SOLID CHRISTIAN ACADEMIC EDUCATION WITHIN A BIBLICAL WORLDVIEW CONTEXT AND TO PARTNER WITH FAMILIES TO PREPARE STUDENTS TO BECOME WELL- DISCIPLINED AND OUTSTANDING CITIZENS WHO POSITIVELY REFLECT CHRIST TO ALL IN THEIR SPHERE OF INFLUENCE.

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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 $91,249

Program Service Revenue $81,800

Investment Income $2,053

Other Revenue $12,660

TOTAL REVENUE $187,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,646

Fundraising Expenses $0

Program Expenses $210,998

Other Expenses $53,440

TOTAL EXPENSES $223,086

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,762	$291,130	-0.4%
Expenses	$223,086	$210,213	+0.1%
Net Income	$-35,324	$80,917	-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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH MURDOCK	PRESIDENT	N/A	Officer Director	$0	$0	$0
CURT RASSI	TREASURER	N/A	Officer Director	$0	$0	$0
BRUCE STOLLER	SECRETARY	N/A	Officer Director	$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	No data	No data	No data	No data
2023	$187,762	$223,086	$1,009,221	$-35,324
2022	$291,130	$210,213	$1,042,789	$80,917
2021	$176,956	$184,244	$1,067,518	$-7,288
2020	$208,033	$165,707	$1,076,180	$42,326
2019	$116,844	$177,363	$1,028,460	$-60,519
2018	$240,090	$164,889	$1,100,783	$75,201

LIGHT HOUSE ACADEMY