THE LIGHT FOUNDATION (EIN 562311765) - 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

MATT LIGHT

Phone

9373166352

Tax Period

2023-01-01 to 2023-12-31

THE LIGHT FOUNDATION, founded in 2003, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $1.7M left a modest 13% surplus.

Mission

THE LIGHT FOUNDATION STRIVES TO EMPOWER YOUNG PEOPLE TO REACH THEIR HIGHEST POTENTIAL BY INITIATING AND SUPPORTING HANDS ON PROGRAMS AND EVENTS THAT PROMOTE THE DEVELOPMENT OF RATIONAL MORAL VALUES AND PERSONAL FINANCIAL ACUMEN SO AS TO INSTILL A SENSE OF SELF-RELIANCE.

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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 $1,767,605

Program Service Revenue $9,691

Investment Income $226,630

Other Revenue $-67,341

TOTAL REVENUE $1,936,585

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $748,945

Fundraising Expenses $351,815

Program Expenses $853,614

Other Expenses $932,798

TOTAL EXPENSES $1,685,743

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,936,585	$3,136,486	-0.4%
Expenses	$1,685,743	$1,894,974	-0.1%
Net Income	$250,842	$1,241,512	-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

650

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
BRIAN MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
DAREN HIATT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DRUBNER	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
MATT LIGHT	PRESIDENT	10.00	Officer Director	$0	$0	$0
STEVE TRAX	CHAIRMAN	5.00	Officer Director	$0	$0	$0
FREDERICK CLARK	DIRECTOR	1.00	Director	$0	$0	$0
FRANCESCA FEDERICO	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY LOFFREDO	DIRECTOR	1.00	Director	$0	$0	$0
TRAM HOLLAND	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE LIGHT	DIRECTOR	1.00	Officer Director	$0	$0	$0
RUSS MEZIKOFSKY	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL RIEMAN	DIRECTOR	1.00	Director	$0	$0	$0
KYLIE RUSCHIONI	DIRECTOR	1.00	Director	$0	$0	$0
MARGRETTE MONDILLO	EXECUTIVE DIRECTOR	40.00	Highest	$227,446	$0	$227,446

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	$1,936,585	$1,685,743	$7,121,269	$250,842
2022	$3,136,486	$1,894,974	$6,617,761	$1,241,512
2021	$2,439,236	$1,824,573	$5,854,993	$614,663
2020	$1,869,439	$1,238,848	$5,066,117	$630,591
2019	$1,846,945	$1,495,541	$4,284,673	$351,404
2018	$1,509,864	$1,539,462	$3,756,199	$-29,598

THE LIGHT FOUNDATION