Morning Light Foundation Inc (EIN 586065584) - 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

1967

Legal Domicile

Principal Officer

Kaki Green

Phone

7707940247

Tax Period

2025-01-01 to 2025-12-31

Morning Light Foundation Inc, founded in 1967, is a small nonprofit in the Health Care sector that reported $257K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. Expenses of $414K exceeded revenue, resulting in a 61% operating deficit.

Mission

In accord with its charter, the religious and charitable purpose of Morning Light Foundation, Inc. is to provide care and comfort to students of Christian Science.

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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 (2025)

Revenue Breakdown

Contributions & Grants $99,930

Program Service Revenue $1,935

Investment Income $155,048

Other Revenue $0

TOTAL REVENUE $256,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,695

Fundraising Expenses $0

Program Expenses $344,079

Other Expenses $177,373

TOTAL EXPENSES $414,068

Year-over-Year Comparison

	2025	2024	Change
Revenue	$256,913	$285,245	-0.1%
Expenses	$414,068	$392,244	+0.1%
Net Income	$-157,155	$-106,999	+0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Phyllis Weil	Administrator	40.00		$139,300	$0	$139,300
Nancy Harrison	Director C.S.	1.00	Director	$0	$0	$0
Steve Lane	Secretary	1.00	Officer Director	$0	$0	$0
Joel Sprague	Vice President	1.00	Officer Director	$0	$0	$0
Kaki Green	Treasurer	1.00	Officer Director	$0	$0	$0
Heather Vaseff	Director	1.00	Director	$0	$0	$0
Bill Blohm	President	1.00	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
2025	$256,913	$414,068	$3,837,305	$-157,155
2024	$285,245	$392,244	$3,750,100	$-106,999
2023	$285,100	$399,445	$3,632,875	$-114,345
2022	$677,849	$408,557	$3,393,381	$269,292
2021	$892,042	$356,295	$3,635,701	$535,747
2020	$888,591	$321,961	$3,414,892	$566,630

Morning Light Foundation Inc