MIAMI LIGHTHOUSE FOR THE BLIND AND VISUALLY IMPAIRED INC (EIN 590637847) - 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

1931

Legal Domicile

Principal Officer

VIRGINIA JACKO

Phone

3058562288

Tax Period

2023-01-01 to 2023-12-31

MIAMI LIGHTHOUSE FOR THE BLIND AND VISUALLY IMPAIRED INC, founded in 1931, is a mid-sized nonprofit in the Human Services sector that reported $16.7M in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 30% operating margin.

Mission

AS A CENTER OF LEARNING, THE MISSION OF THE ORGANIZATION IS, "THROUGH EDUCATION, TRAINING, RESEARCH AND VISION ENHANCEMENT, MIAMI LIGHTHOUSE FOR THE BLIND AND VISUALLY IMPAIRED PROVIDES HOPE, CONFIDENCE, AND INDEPENDENCE TO PEOPLE OF ALL AGES."

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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 $12,028,718

Program Service Revenue $0

Investment Income $3,865,741

Other Revenue $838,082

TOTAL REVENUE $16,732,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,817,699

Fundraising Expenses $788,197

Program Expenses $9,895,167

Other Expenses $5,955,029

TOTAL EXPENSES $11,772,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,732,541	$10,915,883	+0.5%
Expenses	$11,772,728	$11,645,057	+0.0%
Net Income	$4,959,813	$-729,174	-7.8%

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

152

Volunteers

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

$598,279

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIRGINIA JACKO	PRESIDENT/CE	37.50	Officer	$256,349	$22,500	$278,849
RICHARD FERNANDEZ	CFO	37.50	Officer	$157,028	$9,570	$166,598
CAMERON SISSER	VICE PRESIDE	37.50	Highest	$134,116	$20,196	$154,312
CAROL BRADY SIMMONS	CPO	37.50	Officer	$133,406	$19,426	$152,832
JEFFREY RABALAIS	DIR. OF FACI	37.50	Highest	$107,956	$22,347	$130,303
MICHAEL FINNEY	DIRECTOR	1.00	Director	$0	$0	$0
PETER R HARRISON	TREASURER	1.00	Director	$0	$0	$0
ANNE E HELLIWELL	ASSISTANT TR	1.00	Director	$0	$0	$0
DR HARRY FLYNN JR	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS NOSTRO ESQ	SECRETARY	1.00	Director	$0	$0	$0
JOSE ABRANTE COSIO	ASSISTANT SE	1.00	Director	$0	$0	$0
SHEILA FREED	DIRECTOR	1.00	Director	$0	$0	$0
ALI MANDSAURWALA	DIRECTOR	1.00	Director	$0	$0	$0
GARY D FOX	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN A MORRIS OD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN INFANTE	DIRECTOR	1.00	Director	$0	$0	$0
STACEY W JONES PID	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES J NIELSON	CHAIRMAN	1.00	Director	$0	$0	$0
ALEXANDER L NOSTRO	CHAIRMAN OF	1.00	Director	$0	$0	$0
RENE GONZALEZ-LLORENS ESQ	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE W FOYO	IMMEDIATE PA	1.00	Director	$0	$0	$0
FRANK J VOYTEK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HB HARRIMAN	DIRECTOR	1.00	Director	$0	$0	$0
ALEX SUAREZ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG MCKEOWN	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH A MONTILLA	DIRECTOR	1.00	Director	$0	$0	$0
RALPH NIEBLES	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT J SHELLEY III	DIRECTOR	1.00	Director	$0	$0	$0
ALAN P LEVITT	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT J RICHEY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SOLOMON	CHAIR-ELECT	1.00	Director	$0	$0	$0
ANGELA WHITMAN	DIRECTOR	1.00	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	$16,732,541	$11,772,728	$63,550,346	$4,959,813
2022	$10,915,883	$11,645,057	$59,759,341	$-729,174
2021	$20,974,871	$10,871,672	$65,063,396	$10,103,199
2020	$19,843,287	$10,626,109	$55,953,483	$9,217,178
2019	$16,134,255	$10,034,462	$41,743,315	$6,099,793
2019	$16,134,255	$10,034,462	$41,743,315	$6,099,793
2018	$16,342,678	$9,031,170	$33,844,567	$7,311,508
2018	$16,342,678	$9,031,170	$33,844,567	$7,311,508

MIAMI LIGHTHOUSE FOR THE BLIND AND VISUALLY IMPAIRED INC