LIGHTSYS TECHNOLOGY SERVICES INC (EIN 582456306) - 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

1999

Legal Domicile

Principal Officer

Gregory Beeley

Phone

4045309797

Tax Period

2024-01-01 to 2024-12-31

LIGHTSYS TECHNOLOGY SERVICES INC, founded in 1999, is a small nonprofit in the Religion sector that reported $289K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

As a missionary religious order worshiping and serving together, we partner in Jesus' Great Commission via the provision of free-of-charge IT consulting, training, software development, and missions mobilization, for other non-profit international Christian mission organizations.

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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 $268,098

Program Service Revenue $19,406

Investment Income $1,161

Other Revenue $0

TOTAL REVENUE $288,665

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $210,403

Fundraising Expenses $16,438

Program Expenses $245,426

Other Expenses $78,925

TOTAL EXPENSES $291,328

Year-over-Year Comparison

	2024	2023	Change
Revenue	$288,665	$308,995	-0.1%
Expenses	$291,328	$284,013	+0.0%
Net Income	$-2,663	$24,982	-1.1%

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

119

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

$130,640

Total Directors

$130,640

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gregory Beeley	President/CEO and Board Member	40	Officer Director	$78,440	$0	$78,440
Timothy Young	Vice-President and Board Member	40	Officer Director	$52,200	$0	$52,200
Mark Patterson	Board Chairperson	0.7	Director	$0	$0	$0
Michael Hart	Board Member	0.7	Director	$0	$0	$0
Linda Dickson	Board Member	0.7	Director	$0	$0	$0
Jo Lin Gowing	Board Member	0.7	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	$288,665	$291,328	$136,666	$-2,663
2023	$308,995	$284,013	$139,573	$24,982
2022	$276,247	$273,274	$114,879	$2,973
2022	$276,247	$273,274	$114,879	$2,973
2021	$251,323	$234,217	$111,187	$17,106
2020	$250,167	$243,832	$93,666	$6,335
2020	$250,167	$243,832	$93,666	$6,335

LIGHTSYS TECHNOLOGY SERVICES INC