Lighthouse Ministries of Raleigh I… - Form 990 Financial Data

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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

Phone

9194692477

Tax Period

2024-10-01 to 2025-09-30

Lighthouse Ministries of Raleigh Inc, founded in 1991, is a small nonprofit in the Religion sector that reported $203K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Program Service Accomplishments

Program 1

Expenses: $145,570

Counseling appointments, teaching, speaking, three weekly small groups, and retreats, as well as weekly blog posts, quest posts and newsletters distributed throughout the year

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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 (2024)

Revenue Breakdown

Contributions & Grants $202,544

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $202,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $175,808

Fundraising Expenses $0

Program Expenses $145,570

Other Expenses $28,629

TOTAL EXPENSES $204,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,544	$186,641	+0.1%
Expenses	$204,437	$197,957	+0.0%
Net Income	$-1,893	$-11,316	-0.8%

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

$96,907

Total Directors

$177,853

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Larry Wilson	Director CEO	40.00	Officer Director	$60,325	$36,582	$96,907
Debbie Wilson	Director	40.00	Director	$60,325	$20,621	$80,946
Lisa Grimes	President	0.50	Officer Director	$0	$0	$0
Susan Alexander	Director	0.25	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
2025	$202,544	$204,437	$68,390	$-1,893
2024	$186,641	$197,957	$72,841	$-11,316
2023	$196,438	$184,820	$84,591	$11,618
2022	$210,671	$191,437	$63,155	$19,234
2019	$193,526	$191,687	$64,667	$1,839
2018	$176,307	$199,940	$62,199	$-23,633

Lighthouse Ministries of Raleigh Inc