TOLEDO HARBOR LIGHT SOCIETY (EIN 550844530) - 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

2005

Legal Domicile

Phone

4196913788

Tax Period

2023-01-01 to 2023-12-31

TOLEDO HARBOR LIGHT SOCIETY, founded in 2005, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $35K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $47K exceeded revenue, resulting in a 35% operating deficit.

Mission

Preserve Restore Educate Promote the Historic Toledo Lighthouse located on a crib where Lake Erie meets Maumee Bay

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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 $34,953

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $34,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,433

Other Expenses $47,118

TOTAL EXPENSES $47,118

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,953	$41,378	-0.2%
Expenses	$47,118	$27,680	+0.7%
Net Income	$-12,165	$13,698	-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

Governance

Voting Members

Independent Members

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sandra Bihn	President	10.00	Director	$0	$0	$0
Jim Byrne	Vice President	1.00	Director	$0	$0	$0
Carol Lampkowski	Board Secretary Treasurer	2.00	Director	$0	$0	$0
Casey Brewster	Board Member	1.00	Director	$0	$0	$0
Debbie Miller	Board Member	1.00	Director	$0	$0	$0
Jean Farooki	Board Member	1.00	Director	$0	$0	$0
Marilyn Wuest	Board Member	2.00	Director	$0	$0	$0
Kim Thomas	Board Member	2.00	Director	$0	$0	$0
Yvonne Juhasz	Board Member	1.00	Director	$0	$0	$0
Tim Schluetter	Board Member	1.00	Director	$0	$0	$0
Marlene Shoalts	Board Member	5.00	Director	$0	$0	$0
Mike Fahle	Board Member	2.00	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	$34,953	$47,118	$403,109	$-12,165
2022	$41,378	$27,680	$430,037	$13,698
2021	$24,231	$39,512	$430,192	$-15,281

TOLEDO HARBOR LIGHT SOCIETY